Evercore ISI Issues Positive Forecast for Gen Digital (NASDAQ:GEN) Stock Price

Gen Digital (NASDAQ:GEN) had its price target boosted by Evercore ISI from $35.00 to $37.00 in a research note released on Friday,Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

A number of other research firms have also weighed in on GEN. Wall Street Zen raised shares of Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Morgan Stanley lifted their target price on shares of Gen Digital from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 2nd. Wells Fargo & Company boosted their price target on Gen Digital from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Barclays increased their price target on Gen Digital from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Friday, August 8th. Finally, B. Riley initiated coverage on Gen Digital in a research report on Monday, July 14th. They issued a “buy” rating and a $46.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Gen Digital currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.43.

Gen Digital Price Performance

Shares of NASDAQ GEN traded up $0.32 during trading on Friday, reaching $25.77. The company had a trading volume of 9,249,467 shares, compared to its average volume of 4,019,623. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 3.63. Gen Digital has a twelve month low of $22.74 and a twelve month high of $32.22. The stock has a 50-day moving average price of $27.82 and a two-hundred day moving average price of $28.68. The stock has a market capitalization of $15.87 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 0.87 and a beta of 0.94.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings data 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 return on equity of 57.99% and a net margin of 14.12%.The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the business posted $0.54 EPS. The firm’s quarterly revenue was up 25.3% compared to the same quarter last year. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS. Q3 2026 guidance at 0.620-0.64 EPS. As a group, sell-side analysts predict that Gen Digital will post 2.05 earnings per share for the current year.

Gen Digital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, November 17th. Gen Digital’s dividend payout ratio is presently 54.35%.

Institutional Investors Weigh In On Gen Digital

Institutional investors have recently added to or reduced their stakes in the company. CenterBook Partners LP increased its stake in Gen Digital by 149.8% during the third quarter. CenterBook Partners LP now owns 46,534 shares of the company’s stock worth $1,321,000 after acquiring an additional 27,902 shares during the last quarter. MJP Associates Inc. ADV grew its holdings in shares of Gen Digital by 6.2% during the 3rd quarter. MJP Associates Inc. ADV now owns 27,011 shares of the company’s stock worth $767,000 after purchasing an additional 1,582 shares during the period. Syon Capital LLC increased its position in Gen Digital by 62.5% during the 3rd quarter. Syon Capital LLC now owns 24,042 shares of the company’s stock worth $683,000 after purchasing an additional 9,244 shares in the last quarter. NEOS Investment Management LLC raised its holdings in Gen Digital by 47.9% in the third quarter. NEOS Investment Management LLC now owns 73,954 shares of the company’s stock valued at $2,100,000 after buying an additional 23,936 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Gen Digital by 1.4% in the third quarter. Vanguard Group Inc. now owns 72,213,797 shares of the company’s stock valued at $2,050,150,000 after buying an additional 964,046 shares during the period. Hedge funds and other institutional investors 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.