Gen Digital (NASDAQ:GEN) Rating Increased to Hold at Wells Fargo & Company

Gen Digital (NASDAQ:GEN) was upgraded by Wells Fargo & Company to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other research analysts also recently issued reports on GEN. Wall Street Zen raised Gen Digital from a “hold” rating to a “buy” rating in a report on Sunday, February 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a report on Thursday, January 22nd. Evercore increased their target price on Gen Digital from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 7th. 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. Finally, Zacks Research upgraded shares of Gen Digital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $32.71.

Gen Digital Trading Up 0.2%

NASDAQ:GEN opened at $22.40 on Monday. The stock has a market cap of $13.57 billion, a price-to-earnings ratio of 23.09, a PEG ratio of 0.74 and a beta of 1.11. 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 company’s 50 day moving average price is $24.81 and its 200-day moving average price is $26.78. Gen Digital has a 52 week low of $21.33 and a 52 week high of $32.22.

Gen Digital (NASDAQ:GEN) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.64 earnings per share for the quarter, topping 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 company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the business earned $0.56 EPS. The firm’s revenue for the quarter 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. On average, equities research analysts forecast that Gen Digital will post 2.05 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Ondrej Vlcek sold 113,674 shares of the stock in a transaction that occurred 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 completion of the sale, the director directly owned 3,932,980 shares of the company’s stock, valued at approximately $106,662,417.60. This represents a 2.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 9.30% of the company’s stock.

Hedge Funds Weigh In On Gen Digital

A number of hedge funds have recently modified their holdings of GEN. Goldman Sachs Group Inc. raised its position in shares of Gen Digital by 1.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,703,712 shares of the company’s stock valued at $71,757,000 after purchasing an additional 28,522 shares during the period. Great Lakes Advisors LLC purchased a new stake in Gen Digital in the 1st quarter worth $205,000. Woodline Partners LP raised its holdings in Gen Digital by 37.8% during the first quarter. Woodline Partners LP now owns 27,590 shares of the company’s stock valued at $732,000 after acquiring an additional 7,562 shares during the period. Focus Partners Wealth lifted its position in shares of Gen Digital by 9.7% in the first 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 in the last quarter. Finally, Geneos Wealth Management Inc. boosted 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 period. 81.38% of the stock is currently owned by institutional investors.

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.