Gen Digital Inc. (GEN) – What Are Analysts Thinking About This Stock?

Shares of Gen Digital Inc. (NASDAQ:GEN) have earned a consensus rating of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $30.25.

Several equities research analysts recently commented on GEN shares. Wall Street Zen cut Gen Digital from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Barclays boosted their target price on Gen Digital from $27.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Weiss Ratings upgraded shares of Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 16th. Wells Fargo & Company raised their price target on shares of Gen Digital from $22.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Finally, Royal Bank Of Canada dropped their price target on shares of Gen Digital from $26.00 to $24.00 and set a “sector perform” rating on the stock in a report on Monday, October 12th.

Insider Buying and Selling at Gen Digital

In other Gen Digital news, Director Ondrej Vlcek sold 200,000 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $30.00, for a total transaction of $6,000,000.00. Following the completion of the sale, the director directly owned 3,332,904 shares in the company, valued at approximately $99,987,120. The trade was a 5.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Travis Witteveen sold 30,000 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $29.42, for a total value of $882,600.00. Following the completion of the transaction, the insider owned 496,545 shares in the company, valued at approximately $14,608,353.90. This trade represents a 5.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 558,508 shares of company stock worth $16,356,093. Insiders own 9.70% of the company’s stock.

Institutional Investors Weigh In On Gen Digital

Several hedge funds and other institutional investors have recently made changes to their positions in GEN. Grove Bank & Trust lifted its position in Gen Digital by 452.2% during the second quarter. Grove Bank & Trust now owns 1,132 shares of the company’s stock valued at $28,000 after purchasing an additional 927 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Gen Digital by 86.9% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,921 shares of the company’s stock worth $48,000 after buying an additional 893 shares in the last quarter. Dunhill Financial LLC purchased a new stake in Gen Digital in the second quarter worth about $50,000. Pension & Wealth Management Advisors Inc. purchased a new stake in Gen Digital in the third quarter worth about $47,000. Finally, Weiss Asset Management LP purchased a new position in shares of Gen Digital during the 1st quarter valued at about $41,000. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Gen Digital Trading Down 1.9%

NASDAQ:GEN opened at $24.41 on Tuesday. The stock has a market cap of $14.61 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 0.78 and a beta of 1.26. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.00. The company’s 50 day moving average price is $26.68 and its 200-day moving average price is $24.40. Gen Digital has a 52 week low of $17.78 and a 52 week high of $31.65.

Gen Digital (NASDAQ:GEN) last posted its earnings results on Thursday, August 6th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. Gen Digital had a return on equity of 55.93% and a net margin of 20.73%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the company earned $0.64 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. Gen Digital has set its FY 2027 guidance at 2.870-2.970 EPS and its Q2 2027 guidance at 0.710-0.730 EPS. On average, equities research analysts forecast that Gen Digital will post 2.66 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th were given a $0.1250 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Monday, August 17th. Gen Digital’s payout ratio is 29.07%.

About Gen Digital

Gen Digital Inc (NASDAQ: GEN) is a cybersecurity company that provides digital safety, privacy, and identity protection products for consumers. Its services are designed to help protect devices, personal information, online accounts, and digital identities from malware, fraud, identity theft, scams, and other cyber threats.

The company operates a portfolio of consumer brands that includes Norton, Avast, LifeLock, Avira, AVG, ReputationDefender, and CCleaner. Its offerings include antivirus and device security software, virtual private network services, password management, identity theft monitoring and restoration support, privacy tools, scam protection, and performance and optimization utilities.

Gen Digital serves customers internationally through direct subscriptions and distribution partnerships.