Gen Digital (NASDAQ:GEN) Research Coverage Started at Morgan Stanley

Morgan Stanley initiated coverage on shares of Gen Digital (NASDAQ:GEN) in a report released on Tuesday morning. The brokerage issued an equal weight rating on the stock.

Separately, UBS Group upgraded shares of Gen Digital to a “strong-buy” rating in a research report on Wednesday, December 4th.

Gen Digital Trading Down 1.2 %

Shares of Gen Digital stock opened at $27.56 on Tuesday. Gen Digital has a 12-month low of $19.58 and a 12-month high of $31.72. The company has a market cap of $16.99 billion, a price-to-earnings ratio of 27.02, a PEG ratio of 1.19 and a beta of 0.92. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 3.29. The company’s 50-day moving average price is $27.45 and its 200-day moving average price is $27.91.

Gen Digital (NASDAQ:GEN) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). Gen Digital had a return on equity of 58.83% and a net margin of 16.32%. On average, equities analysts expect that Gen Digital will post 2.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GEN. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Gen Digital during the fourth quarter valued at approximately $14,367,000. QSM Asset Management Ltd bought a new position in Gen Digital during the fourth quarter valued at approximately $5,373,000. Finally, Brighton Jones LLC grew its position in Gen Digital by 5.4% during the fourth quarter. Brighton Jones LLC now owns 25,212 shares of the company’s stock valued at $690,000 after acquiring an additional 1,299 shares during the last quarter. 81.38% of the stock is currently owned by institutional investors.

About Gen Digital

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.