Analysts Set Gen Digital Inc. (NASDAQ:GEN) PT at $32.71

Gen Digital Inc. (NASDAQ:GEN) has been given an average rating of “Hold” by the nine brokerages that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $32.7143.

GEN has been the topic of a number of analyst reports. Jefferies Financial Group upgraded shares of Gen Digital from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 11th. Wells Fargo & Company started coverage on Gen Digital in a research note on Tuesday, March 3rd. They set an “equal weight” rating and a $22.00 price target for the company. Zacks Research raised Gen Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Barclays lowered their price objective on Gen Digital from $33.00 to $32.00 and set an “equal weight” rating for the company in a research note on Friday, February 6th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gen Digital in a research report on Thursday, January 22nd.

Gen Digital Price Performance

Shares of GEN opened at $18.89 on Thursday. The business’s fifty day moving average is $22.02 and its 200 day moving average is $25.24. Gen Digital has a 12-month low of $18.20 and a 12-month high of $32.22. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.50. The stock has a market cap of $11.44 billion, a P/E ratio of 19.47, a P/E/G ratio of 0.54 and a beta of 1.15.

Gen Digital (NASDAQ:GEN) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. Gen Digital had a net margin of 12.76% and a return on equity of 56.76%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the business posted $0.56 EPS. Gen Digital’s quarterly revenue was up 25.8% on a year-over-year basis. Gen Digital has set its Q4 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.560 EPS. Sell-side analysts anticipate that Gen Digital will post 2.05 earnings per share for the current fiscal year.

Gen Digital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Monday, February 16th were issued a $0.125 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.50 annualized dividend and a dividend yield of 2.6%. Gen Digital’s dividend payout ratio is currently 51.55%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GEN. Rockefeller Capital Management L.P. grew its position in Gen Digital by 38.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 7,151 shares of the company’s stock worth $194,000 after purchasing an additional 1,989 shares in the last quarter. PeakShares LLC bought a new position in shares of Gen Digital during the 4th quarter worth approximately $228,000. Corient Private Wealth LLC lifted its position in shares of Gen Digital by 21.7% during the 4th quarter. Corient Private Wealth LLC now owns 184,422 shares of the company’s stock worth $5,016,000 after buying an additional 32,886 shares in the last quarter. Kera Capital Partners Inc. boosted its stake in shares of Gen Digital by 33.7% in the 4th quarter. Kera Capital Partners Inc. now owns 17,788 shares of the company’s stock worth $484,000 after buying an additional 4,479 shares during the last quarter. Finally, Compound Planning Inc. boosted its stake in shares of Gen Digital by 13.2% in the 4th quarter. Compound Planning Inc. now owns 13,257 shares of the company’s stock worth $360,000 after buying an additional 1,541 shares during the last quarter. 81.38% of the stock is currently owned by hedge funds and other institutional investors.

Gen Digital Company Profile

Gen Digital (NASDAQ: GEN) is a global cybersecurity company specializing in consumer- and small-business-focused security, privacy, and identity protection solutions. The company offers a suite of products designed to safeguard devices, networks, and personal information against malware, ransomware, phishing attacks and other digital threats. With a focus on user-friendly interfaces and cross-platform compatibility, Gen Digital develops antivirus software, VPN services, parental controls, password management tools, and comprehensive identity-theft monitoring services.

Gen Digital traces its origins to the consumer software division of Symantec Corporation, which was spun off in late 2019 under the NortonLifeLock name.