Gen Digital (NASDAQ:GEN) Price Target Raised to $32.00 at Barclays

Gen Digital (NASDAQ:GEN) had its price target raised by investment analysts at Barclays from $27.00 to $32.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential upside of 10.13% from the company’s current price.

Several other equities research analysts also recently weighed in on GEN. Weiss Ratings raised shares of Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $30.00 price target on shares of Gen Digital in a research note on Friday. Argus upgraded shares of Gen Digital to a “strong-buy” rating in a report on Friday, May 22nd. Wells Fargo & Company increased their price objective on shares of Gen Digital from $22.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Jefferies Financial Group downgraded shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $31.67.

Gen Digital Trading Up 3.4%

Shares of NASDAQ GEN traded up $0.96 during trading hours on Friday, hitting $29.06. 5,235,837 shares of the company traded hands, compared to its average volume of 6,687,653. The stock has a market capitalization of $17.39 billion, a price-to-earnings ratio of 18.39 and a beta of 1.21. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 3.07. The company’s 50 day moving average price is $25.90 and its 200 day moving average price is $23.29. Gen Digital has a 12 month low of $17.78 and a 12 month high of $32.22.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.02. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.31 billion. Gen Digital had a return on equity of 55.47% and a net margin of 19.46%.Gen Digital’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 EPS. 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 anticipate that Gen Digital will post 2.61 earnings per share for the current fiscal year.

Insider Activity at Gen Digital

In related news, Director John C. Chrystal purchased 3,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was purchased at an average price of $27.06 per share, with a total value of $81,180.00. Following the completion of the purchase, the director owned 31,419 shares of the company’s stock, valued at approximately $850,198.14. The trade was a 10.56% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ondrej Vlcek sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $24.78, for a total value of $2,478,000.00. Following the completion of the sale, the director owned 3,832,724 shares of the company’s stock, valued at $94,974,900.72. The trade was a 2.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 9.70% of the company’s stock.

Hedge Funds Weigh In On Gen Digital

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in shares of Gen Digital during the fourth quarter valued at $27,000. Grove Bank & Trust lifted its stake in Gen Digital by 452.2% in the second quarter. Grove Bank & Trust now owns 1,132 shares of the company’s stock worth $28,000 after acquiring an additional 927 shares during the period. Trust Co. of Vermont purchased a new stake in Gen Digital in the second quarter worth about $32,000. Weiss Asset Management LP bought a new position in Gen Digital during the 1st quarter worth about $41,000. Finally, TD Private Client Wealth LLC grew its holdings in Gen Digital by 65.8% during the 4th quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company’s stock worth $42,000 after acquiring an additional 611 shares in the last quarter. Institutional investors own 81.38% of the company’s stock.

Key Headlines Impacting Gen Digital

Here are the key news stories impacting Gen Digital this week:

• Positive Sentiment: Quarterly results exceeded expectations: Gen Digital reported adjusted earnings of $0.71 per share, above the $0.69 consensus estimate, while revenue increased 6.3% year over year to $1.34 billion, topping the $1.31 billion forecast. The company also cited double-digit bookings growth. Gen Digital Q1 Earnings Beat Estimates, Revenues Increase Year over Year
• Positive Sentiment: Fiscal 2027 guidance was raised: Gen now expects full-year adjusted EPS of $2.87-$2.97, above the $2.83 analyst consensus, and revenue of $5.4-$5.5 billion. Second-quarter EPS guidance of $0.71-$0.73 also exceeds the $0.70 consensus. Gen Digital Raises Annual Forecast on Strong Cybersecurity Demand
• Positive Sentiment: Cybersecurity demand remains strong: Management’s outlook suggests continued consumer and family spending on digital-security products as online threats become more sophisticated. Gen Further Accelerates in Q1 FY27 and Raises Full Year Guidance
• Neutral Sentiment: Dividend announced: Gen declared a quarterly dividend of $0.125 per share, payable September 9 to shareholders of record August 17. The $0.50 annualized payout represents an indicated yield of approximately 1.7%.
• Negative Sentiment: Analyst stance remains cautious: Wells Fargo raised its price target from $22 to $28 but maintained an “equal weight” rating, implying modest downside from the prevailing share price. Wells Fargo Price Target Update

About Gen Digital

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.