Analysts Set Gen Digital Inc. (NASDAQ:GEN) Target Price at $35.43

Shares of Gen Digital Inc. (NASDAQ:GEN) have received a consensus recommendation of “Hold” from the nine brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $35.4286.

A number of equities research analysts have commented on GEN shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gen Digital in a research report on Thursday. Evercore ISI lifted their price objective on Gen Digital from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Wall Street Zen upgraded Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Zacks Research cut Gen Digital from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Finally, Royal Bank Of Canada cut their price target on Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a research note on Friday, November 7th.

Gen Digital Price Performance

Shares of NASDAQ:GEN opened at $25.41 on Friday. The company has a debt-to-equity ratio of 3.43, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a market cap of $15.67 billion, a price-to-earnings ratio of 27.62, a price-to-earnings-growth ratio of 0.84 and a beta of 1.09. The business has a 50-day simple moving average of $26.73 and a two-hundred day simple moving average of $28.09. Gen Digital has a fifty-two week low of $22.74 and a fifty-two week high of $32.22.

Gen Digital (NASDAQ:GEN) last announced its quarterly 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 net margin of 12.74% and a return on equity of 57.09%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the business posted $0.54 earnings per share. The business’s revenue for the quarter was up 25.3% on a year-over-year basis. 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. On average, analysts expect that Gen Digital will post 2.05 earnings per share for the current year.

Gen Digital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 17th were issued a $0.125 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.0%. Gen Digital’s dividend payout ratio (DPR) is presently 54.35%.

Insider Activity at Gen Digital

In other news, 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 transaction of $3,082,838.88. Following the transaction, the director owned 3,932,980 shares in the company, valued at $106,662,417.60. This trade represents a 2.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John C. Chrystal acquired 5,000 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were acquired at an average cost of $27.14 per share, with a total value of $135,700.00. Following the transaction, the director owned 28,419 shares in the company, valued at approximately $771,291.66. This trade represents a 21.35% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 9.30% of the company’s stock.

Institutional Trading of Gen Digital

Several hedge funds have recently bought and sold shares of GEN. Spire Wealth Management raised its stake in shares of Gen Digital by 1,183.3% in the third quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock worth $31,000 after buying an additional 994 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in Gen Digital in the 2nd quarter worth approximately $32,000. True Wealth Design LLC raised its stake in Gen Digital by 92.0% during the 3rd quarter. True Wealth Design LLC now owns 1,104 shares of the company’s stock worth $31,000 after acquiring an additional 529 shares during the period. Clearstead Advisors LLC raised its stake in Gen Digital by 48.6% during the 3rd quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock worth $35,000 after acquiring an additional 400 shares during the period. Finally, CYBER HORNET ETFs LLC purchased a new position in Gen Digital during the second quarter valued at approximately $44,000. Institutional investors own 81.38% of the company’s stock.

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.