Brokerages Set Gen Digital Inc. (NASDAQ:GEN) Target Price at $35.33

Shares of Gen Digital Inc. (NASDAQ:GEN) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $35.3333.

Several equities analysts have weighed in on GEN shares. Wall Street Zen downgraded shares of Gen Digital from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 5th. Evercore ISI started coverage on shares of Gen Digital in a report on Tuesday, July 1st. They set an “outperform” rating and a $35.00 target price for the company. Royal Bank Of Canada raised their target price on shares of Gen Digital from $32.00 to $33.00 and gave the company a “sector perform” rating in a report on Friday, August 8th. B. Riley started coverage on shares of Gen Digital in a report on Monday, July 14th. They set a “buy” rating and a $46.00 target price for the company. Finally, Barclays raised their target price on shares of Gen Digital from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Friday, August 8th.

Institutional Investors Weigh In On Gen Digital

Hedge funds have recently modified their holdings of the stock. Cullen Frost Bankers Inc. acquired a new position in Gen Digital during the second quarter valued at approximately $32,000. Catalyst Capital Advisors LLC lifted its position in shares of Gen Digital by 117.6% during the first quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company’s stock worth $42,000 after purchasing an additional 854 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Gen Digital during the second quarter worth $44,000. Geneos Wealth Management Inc. lifted its position in shares of Gen Digital by 221.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock worth $46,000 after purchasing an additional 1,183 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in shares of Gen Digital during the second quarter worth $47,000. 81.38% of the stock is owned by institutional investors and hedge funds.

Gen Digital Stock Down 1.2%

Shares of NASDAQ GEN opened at $30.77 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.63. Gen Digital has a 52 week low of $22.74 and a 52 week high of $32.22. The firm has a 50-day moving average price of $30.11 and a 200 day moving average price of $28.16. The stock has a market capitalization of $18.95 billion, a price-to-earnings ratio of 31.72, a price-to-earnings-growth ratio of 1.04 and a beta of 1.00.

Gen Digital (NASDAQ:GEN) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.60 by $0.04. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the business earned $0.53 earnings per share. The business’s revenue for the quarter was up 30.3% compared to the same quarter last year. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. Equities research analysts anticipate that Gen Digital will post 2.05 EPS for the current fiscal year.

Gen Digital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 18th will be given a $0.125 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.6%. Gen Digital’s dividend payout ratio (DPR) is currently 51.55%.

Gen Digital Company Profile

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.