Gen Digital (NASDAQ:GEN) Given New $28.00 Price Target at Wells Fargo & Company

Gen Digital (NASDAQ:GEN) had its price target upped by investment analysts at Wells Fargo & Company from $22.00 to $28.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential downside of 2.54% from the company’s previous close.

Several other research firms have also weighed in on GEN. Barclays increased their target price on shares of Gen Digital from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Argus upgraded shares of Gen Digital to a “strong-buy” rating in a research report on Friday, May 22nd. Weiss Ratings upgraded Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. Royal Bank Of Canada restated a “sector perform” rating and set a $30.00 target price on shares of Gen Digital in a report on Friday. Finally, Jefferies Financial Group cut Gen Digital from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $30.83.

Gen Digital Price Performance

Shares of GEN traded up $0.63 during trading hours on Friday, hitting $28.73. The stock had a trading volume of 2,635,334 shares, compared to its average volume of 6,669,217. Gen Digital has a 52 week low of $17.78 and a 52 week high of $32.22. The company’s fifty day moving average is $25.90 and its two-hundred day moving average is $23.29. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market capitalization of $17.20 billion, a price-to-earnings ratio of 18.15 and a beta of 1.21.

Gen Digital (NASDAQ:GEN) last announced its earnings results on Thursday, August 6th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.31 billion. Gen Digital had a net margin of 19.46% and a return on equity of 55.47%. Gen Digital’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.64 earnings per share. Gen Digital has set its FY 2027 guidance at 2.870-2.970 EPS and its Q2 2027 guidance at 0.710-0.730 EPS. On average, analysts anticipate that Gen Digital will post 2.61 EPS for the current year.

Insider Activity at Gen Digital

In other Gen Digital news, Director Ondrej Vlcek sold 100,000 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $24.78, for a total value of $2,478,000.00. Following the sale, the director owned 3,832,724 shares of the company’s stock, valued at approximately $94,974,900.72. This trade represents a 2.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John C. Chrystal purchased 3,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was acquired at an average price of $27.06 per share, for a total transaction of $81,180.00. Following the purchase, the director owned 31,419 shares in the company, valued at approximately $850,198.14. The trade was a 10.56% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 9.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new position in Gen Digital during the 4th quarter worth approximately $27,000. Grove Bank & Trust increased its holdings in shares of Gen Digital by 452.2% during the second quarter. Grove Bank & Trust now owns 1,132 shares of the company’s stock worth $28,000 after buying an additional 927 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in shares of Gen Digital by 65.8% during the fourth quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company’s stock worth $42,000 after buying an additional 611 shares in the last quarter. MUFG Securities EMEA plc bought a new position in shares of Gen Digital in the 2nd quarter valued at $47,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Gen Digital by 221.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock valued at $46,000 after acquiring an additional 1,183 shares during the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Gen Digital News Summary

Here are the key news stories impacting Gen Digital this week:

• Positive Sentiment: Quarterly results exceeded expectations. Gen Digital reported fiscal Q1 2027 adjusted EPS of $0.71, versus the $0.69 analyst consensus and $0.64 a year earlier. Revenue rose 6.3% year over year to $1.34 billion, topping the $1.31 billion estimate. Gen Digital Beats Q1 Earnings and Revenue Estimates
• Positive Sentiment: Management raised fiscal 2027 guidance. Full-year EPS is now expected at $2.87-$2.97, above the $2.83 consensus, while revenue is projected at $5.4-$5.5 billion. Second-quarter EPS guidance of $0.71-$0.73 also exceeds the $0.70 analyst estimate. Gen Digital Raises Annual Forecast on Strong Cybersecurity Demand
• Positive Sentiment: Strong cybersecurity demand is supporting the outlook. Gen cited growing demand for its family-focused cybersecurity products, particularly as AI-driven online threats become more prevalent. The company described the quarter as an acceleration in its fiscal 2027 performance. Gen Further Accelerates in Q1 FY27 and Raises Full Year Guidance
• Positive Sentiment: Gen maintained shareholder returns. The company declared a quarterly dividend of $0.125 per share, payable September 9 to shareholders of record August 17. The dividend represents an annualized payout of approximately $0.50 per share and a stated yield of about 1.8%.
• Neutral Sentiment: The earnings call and presentation provide additional detail on operating performance and the raised outlook, but investors will continue to monitor whether growth and profitability can meet the new targets. Gen Digital Q1 2027 Earnings Call Transcript

Gen Digital Company Profile

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.