Gen Digital (NASDAQ:GEN) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Shares of Gen Digital Inc. (NASDAQ:GEN) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $24.38 and traded as low as $23.96. Gen Digital shares last traded at $24.25, with a volume of 5,379,666 shares traded.

Gen Digital News Roundup

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

• Positive Sentiment: Beat-and-raise results: Gen reported adjusted EPS of $0.74, above the $0.72 consensus estimate, while revenue rose 12.2% year over year to $1.37 billion, exceeding expectations of $1.34 billion. The company also raised its fiscal 2027 outlook, including its annual earnings floor. Gen Digital raises annual revenue forecast on strong cybersecurity demand
• Positive Sentiment: Broad operating momentum: Management cited strong cybersecurity demand, record Cyber Safety margins and growth in financial wellness. Partner-channel revenue reportedly climbed 40% to $295 million, supporting the company’s double-digit growth narrative. GEN Q2 Earnings Beat Estimates on Financial Wellness Strength
• Positive Sentiment: No near-term transformative acquisition: Gen said it is not currently working on a “transformative acquisition,” easing concerns that management might pursue a large, risky deal and allowing investors to focus on organic growth and profitability. Gen Digital Surges as Cyber Boom Drives an Earnings Beat
• Positive Sentiment: Shareholder return: Gen declared its regular quarterly dividend of $0.125 per share, or $0.50 annualized, with payment scheduled for December 9. Gen Digital Approves Regular Quarterly Cash Dividend
• Neutral Sentiment: Analyst targets were mixed: Morgan Stanley raised its target from $32 to $34, while RBC increased its target from $24 to $27 but maintained a sector-perform rating. The differing views suggest upside recognition is balanced by valuation concerns. Morgan Stanley Adjusts Price Target on Gen Digital
• Negative Sentiment: Technical and valuation risks remain: RBC’s target remains below the prevailing market level, and an earlier report noted that the stock had crossed below its 200-day moving average. These factors could limit further gains if earnings momentum slows. Gen Digital Stock Crosses Below Two Hundred Day Moving Average

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GEN. Barclays boosted their price objective on shares of Gen Digital from $27.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Wells Fargo & Company boosted their price target on shares of Gen Digital from $22.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Wall Street Zen cut shares of Gen Digital from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Royal Bank Of Canada upped their price objective on Gen Digital from $24.00 to $27.00 and gave the company a “sector perform” rating in a research note on Thursday. Finally, Morgan Stanley increased their price target on shares of Gen Digital from $32.00 to $34.00 and gave the company an “equal weight” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $31.60.

Gen Digital Stock Performance

The company’s 50 day moving average is $26.48 and its 200 day moving average is $24.38. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market cap of $16.88 billion, a P/E ratio of 10.06, a P/E/G ratio of 0.76 and a beta of 1.26.

Gen Digital (NASDAQ:GEN) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. Gen Digital had a return on equity of 57.97% and a net margin of 23.07%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the firm posted $0.62 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, equities analysts predict that Gen Digital Inc. will post 2.66 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 9th. Stockholders of record on Monday, November 16th will be given a dividend of $0.1250 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, November 16th. Gen Digital’s dividend payout ratio (DPR) is 29.07%.

Insider Transactions at Gen Digital

In other news, Director Ondrej Vlcek sold 200,000 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $30.00, for a total value of $6,000,000.00. Following the sale, the director directly owned 3,332,904 shares of the company’s stock, valued at approximately $99,987,120. This represents a 5.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Travis Witteveen sold 30,000 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $29.42, for a total value of $882,600.00. Following the completion of the transaction, the insider directly owned 496,545 shares in the company, valued at $14,608,353.90. This represents a 5.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 558,508 shares of company stock worth $16,356,093. Company insiders own 9.70% of the company’s stock.

Institutional Trading of Gen Digital

A number of hedge funds have recently bought and sold shares of GEN. Grove Bank & Trust boosted its position in shares of Gen Digital by 452.2% in the second quarter. Grove Bank & Trust now owns 1,132 shares of the company’s stock valued at $28,000 after acquiring an additional 927 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in Gen Digital by 86.9% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,921 shares of the company’s stock valued at $48,000 after buying an additional 893 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new position in Gen Digital during the 3rd quarter worth approximately $44,000. Dunhill Financial LLC bought a new stake in Gen Digital during the 2nd quarter valued at $50,000. Finally, Pension & Wealth Management Advisors Inc. purchased a new stake in shares of Gen Digital during the third quarter worth about $47,000. 81.38% of the stock is currently owned by institutional investors.

Gen Digital Company Profile

Gen Digital Inc (NASDAQ: GEN) is a cybersecurity company that provides digital safety, privacy, and identity protection products for consumers. Its services are designed to help protect devices, personal information, online accounts, and digital identities from malware, fraud, identity theft, scams, and other cyber threats.

The company operates a portfolio of consumer brands that includes Norton, Avast, LifeLock, Avira, AVG, ReputationDefender, and CCleaner. Its offerings include antivirus and device security software, virtual private network services, password management, identity theft monitoring and restoration support, privacy tools, scam protection, and performance and optimization utilities.

Gen Digital serves customers internationally through direct subscriptions and distribution partnerships.