Gen Digital (NASDAQ:GEN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Gen Digital (NASDAQ:GEN) from a hold rating to a buy rating in a report issued on Sunday morning.

GEN has been the subject of a number of other research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a research note on Wednesday, October 8th. Barclays increased their price objective on shares of Gen Digital from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, August 8th. B. Riley started coverage on shares of Gen Digital in a research note on Monday, July 14th. They issued a “buy” rating and a $46.00 price objective for the company. Royal Bank Of Canada increased their target price on shares of Gen Digital from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research report on Friday, August 8th. Finally, Evercore ISI started coverage on shares of Gen Digital in a research report on Tuesday, July 1st. They set an “outperform” rating and a $35.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Gen Digital has a consensus rating of “Moderate Buy” and a consensus price target of $35.71.

Gen Digital Price Performance

Shares of Gen Digital stock opened at $26.83 on Friday. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.50 and a quick ratio of 0.50. Gen Digital has a fifty-two week low of $22.74 and a fifty-two week high of $32.22. The firm has a fifty day moving average price of $29.40 and a two-hundred day moving average price of $28.47. The company has a market cap of $16.52 billion, a PE ratio of 27.66, a price-to-earnings-growth ratio of 0.90 and a beta of 0.94.

Gen Digital (NASDAQ:GEN) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $1.19 billion. During the same period in the prior year, the firm earned $0.53 EPS. The business’s revenue was up 30.3% on a year-over-year basis. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. Analysts expect that Gen Digital will post 2.05 EPS for the current year.

Gen Digital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.9%. The ex-dividend date was Monday, August 18th. Gen Digital’s dividend payout ratio (DPR) is presently 51.55%.

Institutional Investors Weigh In On Gen Digital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Choreo LLC increased its position in Gen Digital by 3.2% in the 2nd quarter. Choreo LLC now owns 10,116 shares of the company’s stock valued at $297,000 after acquiring an additional 315 shares in the last quarter. Beacon Pointe Advisors LLC increased its position in Gen Digital by 3.9% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 9,505 shares of the company’s stock valued at $279,000 after acquiring an additional 357 shares in the last quarter. Rise Advisors LLC increased its position in Gen Digital by 19.2% in the 1st quarter. Rise Advisors LLC now owns 2,361 shares of the company’s stock valued at $63,000 after acquiring an additional 381 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its position in Gen Digital by 0.6% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 69,927 shares of the company’s stock valued at $1,856,000 after acquiring an additional 427 shares in the last quarter. Finally, Sagespring Wealth Partners LLC increased its position in Gen Digital by 5.7% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 8,452 shares of the company’s stock valued at $248,000 after acquiring an additional 454 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

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.