Gen Digital Inc. (NASDAQ:GEN) Receives $35.43 Consensus Price Target from Brokerages

Gen Digital Inc. (NASDAQ:GEN) has received an average rating of “Hold” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $35.4286.

Several analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gen Digital in a research note on Wednesday, October 8th. Jefferies Financial Group initiated coverage on Gen Digital in a research report on Friday, October 3rd. They issued a “hold” rating and a $31.00 target price for the company. Royal Bank Of Canada cut their target price on Gen Digital from $33.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Friday, November 7th. Evercore ISI increased their price objective on Gen Digital from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Finally, Wall Street Zen raised shares of Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th.

Insider Transactions at Gen Digital

In other Gen Digital news, Director John C. Chrystal acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The stock was acquired at an average price of $27.14 per share, with a total value of $135,700.00. Following the transaction, the director owned 28,419 shares of the company’s stock, valued at approximately $771,291.66. This trade represents a 21.35% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ondrej Vlcek sold 113,674 shares of Gen Digital stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $27.12, for a total value of $3,082,838.88. Following the transaction, the director directly owned 3,932,980 shares of the company’s stock, valued at approximately $106,662,417.60. The trade was a 2.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 9.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in Gen Digital by 1.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,703,712 shares of the company’s stock worth $71,757,000 after acquiring an additional 28,522 shares during the period. Great Lakes Advisors LLC purchased a new stake in shares of Gen Digital during the first quarter worth about $205,000. Woodline Partners LP lifted its holdings in Gen Digital by 37.8% in the first quarter. Woodline Partners LP now owns 27,590 shares of the company’s stock worth $732,000 after buying an additional 7,562 shares during the period. Focus Partners Wealth lifted its position in Gen Digital by 9.7% during the 1st quarter. Focus Partners Wealth now owns 22,347 shares of the company’s stock valued at $593,000 after acquiring an additional 1,980 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in shares of Gen Digital by 221.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock worth $46,000 after acquiring an additional 1,183 shares during the last quarter. Institutional investors own 81.38% of the company’s stock.

Gen Digital Price Performance

Shares of NASDAQ:GEN opened at $26.10 on Friday. The business has a fifty day moving average price of $26.86 and a 200-day moving average price of $28.20. The company has a market capitalization of $16.10 billion, a PE ratio of 28.37, a PEG ratio of 0.87 and a beta of 1.09. Gen Digital has a 1-year low of $22.74 and a 1-year high of $32.22. The company has a debt-to-equity ratio of 3.43, a current ratio of 0.51 and a quick ratio of 0.51.

Gen Digital (NASDAQ:GEN) last announced its earnings results on Thursday, November 6th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Gen Digital had a return on equity of 57.09% and a net margin of 12.74%.The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the firm earned $0.54 EPS. Gen Digital’s revenue for the quarter was up 25.3% compared to the same quarter last year. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS and its Q3 2026 guidance at 0.620-0.64 EPS. As a group, equities analysts expect that Gen Digital will post 2.05 EPS for the current fiscal year.

Gen Digital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th were issued a $0.125 dividend. The ex-dividend date was Monday, November 17th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.9%. Gen Digital’s dividend payout ratio is currently 54.35%.

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.