Gen Digital (NASDAQ:GEN) Director John Chrystal Acquires 5,000 Shares

Gen Digital Inc. (NASDAQ:GEN) Director John Chrystal bought 5,000 shares of the business’s stock in a transaction on Thursday, November 13th. The stock was bought at an average price of $27.14 per share, with a total value of $135,700.00. Following the purchase, the director owned 28,419 shares in the company, valued at $771,291.66. This trade represents a 21.35% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Gen Digital Trading Down 0.1%

Shares of GEN traded down $0.02 during mid-day trading on Friday, reaching $26.70. The company’s stock had a trading volume of 5,083,905 shares, compared to its average volume of 4,078,752. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 3.63. The company’s fifty day moving average price is $27.54 and its two-hundred day moving average price is $28.74. The stock has a market cap of $16.47 billion, a PE ratio of 27.53, a P/E/G ratio of 0.87 and a beta of 0.94. Gen Digital Inc. has a 52 week low of $22.74 and a 52 week high of $32.22.

Gen Digital (NASDAQ:GEN) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.54 EPS. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS. Q3 2026 guidance at 0.620-0.64 EPS. On average, analysts predict that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

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

Hedge Funds Weigh In On Gen Digital

Hedge funds have recently modified their holdings of the company. Choreo LLC boosted its holdings in Gen Digital by 3.2% in the 2nd quarter. Choreo LLC now owns 10,116 shares of the company’s stock worth $297,000 after buying an additional 315 shares during the period. Beacon Pointe Advisors LLC lifted its position in shares of Gen Digital by 3.9% in the second 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 boosted its stake in shares of Gen Digital by 19.2% in the first quarter. Rise Advisors LLC now owns 2,361 shares of the company’s stock worth $63,000 after acquiring an additional 381 shares during the period. Clearstead Advisors LLC grew its position in shares of Gen Digital by 48.6% during the third quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock worth $35,000 after purchasing an additional 400 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV raised its stake in Gen Digital by 0.6% during 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 purchasing an additional 427 shares during the period. 81.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on GEN. Jefferies Financial Group began coverage on shares of Gen Digital in a research note on Friday, October 3rd. They issued a “hold” rating and a $31.00 price target for the company. Morgan Stanley increased their target price on Gen Digital from $25.00 to $32.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 2nd. Wells Fargo & Company upped their target price on shares of Gen Digital from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Royal Bank Of Canada decreased their price objective on shares of Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a report on Friday, November 7th. Finally, 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 report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $35.43.

About Gen Digital

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.