Morgan Stanley Initiates Coverage on Gen Digital (NASDAQ:GEN)

Equities researchers at Morgan Stanley started coverage on shares of Gen Digital (NASDAQ:GEN) in a research report issued on Tuesday. The firm set an “equal weight” rating on the stock.

Separately, UBS Group raised shares of Gen Digital to a “strong-buy” rating in a research report on Wednesday, December 4th.

Gen Digital Trading Up 0.4 %

Gen Digital stock opened at $27.90 on Tuesday. The firm’s 50-day moving average is $27.44 and its 200-day moving average is $27.91. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.35 and a current ratio of 0.35. Gen Digital has a 1 year low of $19.58 and a 1 year high of $31.72. The company has a market cap of $17.19 billion, a P/E ratio of 27.35, a PEG ratio of 1.19 and a beta of 0.92.

Gen Digital (NASDAQ:GEN) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.03). Gen Digital had a net margin of 16.32% and a return on equity of 58.83%. On average, equities analysts expect that Gen Digital will post 2.05 earnings per share for the current year.

Institutional Investors Weigh In On Gen Digital

Large investors have recently made changes to their positions in the company. Brighton Jones LLC grew its stake in shares of Gen Digital by 5.4% in the 4th quarter. Brighton Jones LLC now owns 25,212 shares of the company’s stock valued at $690,000 after buying an additional 1,299 shares in the last quarter. QSM Asset Management Ltd bought a new stake in shares of Gen Digital in the 4th quarter valued at approximately $5,373,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Gen Digital in the 4th quarter valued at approximately $14,367,000. 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.