Gen Digital (NASDAQ:GEN) Price Target Lowered to $26.00 at Barclays

Gen Digital (NASDAQ:GEN) had its price target trimmed by Barclays from $32.00 to $26.00 in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other equities analysts also recently issued reports about the stock. Wall Street Zen upgraded shares of Gen Digital from a “hold” rating to a “buy” rating in a research note on Sunday, March 29th. Jefferies Financial Group upgraded shares of Gen Digital from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. Wells Fargo & Company began coverage on shares of Gen Digital in a report on Tuesday, March 3rd. They issued an “equal weight” rating and a $22.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gen Digital in a report on Thursday, January 22nd. Finally, Zacks Research upgraded shares of Gen Digital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Gen Digital presently has a consensus rating of “Hold” and an average target price of $31.86.

Gen Digital Stock Performance

NASDAQ:GEN opened at $18.91 on Monday. The stock has a market cap of $11.45 billion, a P/E ratio of 19.49, a PEG ratio of 0.51 and a beta of 1.15. The stock has a 50 day simple moving average of $21.33 and a 200 day simple moving average of $24.79. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 3.50. Gen Digital has a 1-year low of $17.78 and a 1-year high of $32.22.

Gen Digital (NASDAQ:GEN) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. Gen Digital had a return on equity of 56.76% and a net margin of 12.76%.The company’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.56 EPS. 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. Research analysts anticipate that Gen Digital will post 2.05 earnings per share for the current year.

Gen Digital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Monday, February 16th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Friday, February 13th. Gen Digital’s payout ratio is 51.55%.

Institutional Investors Weigh In On Gen Digital

A number of large investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. raised its position in shares of Gen Digital by 38.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 7,151 shares of the company’s stock valued at $194,000 after buying an additional 1,989 shares in the last quarter. PeakShares LLC acquired a new stake in shares of Gen Digital during the 4th quarter worth approximately $228,000. Corient Private Wealth LLC boosted its position in shares of Gen Digital by 21.7% during the 4th quarter. Corient Private Wealth LLC now owns 184,422 shares of the company’s stock worth $5,016,000 after acquiring an additional 32,886 shares in the last quarter. Kera Capital Partners Inc. increased its stake in Gen Digital by 33.7% in the fourth quarter. Kera Capital Partners Inc. now owns 17,788 shares of the company’s stock valued at $484,000 after acquiring an additional 4,479 shares during the last quarter. Finally, Compound Planning Inc. increased its stake in Gen Digital by 13.2% in the fourth quarter. Compound Planning Inc. now owns 13,257 shares of the company’s stock valued at $360,000 after acquiring an additional 1,541 shares during the last quarter. 81.38% of the stock is currently owned by institutional investors and hedge funds.

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.