Shares of Gigamon Inc. (NYSE:GIMO) have been assigned a consensus rating of “Hold” from the sixteen research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $42.05.

Several equities research analysts have issued reports on GIMO shares. Stifel Nicolaus reissued a “buy” rating and issued a $48.00 price objective on shares of Gigamon in a research report on Monday, September 25th. BidaskClub upgraded shares of Gigamon from a “hold” rating to a “buy” rating in a research note on Thursday, September 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 target price on shares of Gigamon in a research report on Tuesday, September 12th. ValuEngine raised shares of Gigamon from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Dougherty & Co raised shares of Gigamon from a “neutral” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Monday, July 31st.

In other Gigamon news, Director Ted C. Ho sold 30,000 shares of Gigamon stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $40.68, for a total value of $1,220,400.00. Following the transaction, the director now owns 16,919 shares in the company, valued at $688,264.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ted C. Ho sold 15,000 shares of Gigamon stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $40.66, for a total value of $609,900.00. Following the completion of the transaction, the director now owns 16,919 shares in the company, valued at approximately $687,926.54. The disclosure for this sale can be found here. Insiders sold 137,706 shares of company stock valued at $5,542,039 in the last three months. 4.50% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE boosted its holdings in shares of Gigamon by 258.4% in the 1st quarter. US Bancorp DE now owns 11,083 shares of the technology company’s stock valued at $393,000 after buying an additional 7,991 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Gigamon by 154.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,693 shares of the technology company’s stock worth $131,000 after buying an additional 2,239 shares during the last quarter. Swiss National Bank grew its position in shares of Gigamon by 3.7% in the 1st quarter. Swiss National Bank now owns 47,600 shares of the technology company’s stock worth $1,692,000 after buying an additional 1,700 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in shares of Gigamon by 3.4% in the 1st quarter. UBS Asset Management Americas Inc. now owns 450,495 shares of the technology company’s stock worth $16,015,000 after buying an additional 14,973 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in shares of Gigamon by 0.6% in the 1st quarter. Parametric Portfolio Associates LLC now owns 40,136 shares of the technology company’s stock worth $1,427,000 after buying an additional 236 shares during the last quarter. 97.84% of the stock is owned by institutional investors and hedge funds.

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Gigamon (GIMO) traded up 0.12% during midday trading on Friday, hitting $42.95. The company had a trading volume of 775,546 shares. The stock has a 50 day moving average price of $42.10 and a 200 day moving average price of $38.96. The company has a market capitalization of $1.61 billion, a P/E ratio of 543.67 and a beta of 1.50. Gigamon has a 52 week low of $28.50 and a 52 week high of $61.25.

Gigamon (NYSE:GIMO) last posted its quarterly earnings results on Thursday, July 27th. The technology company reported ($0.20) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.12). The company had revenue of $69.10 million during the quarter, compared to the consensus estimate of $71.36 million. Gigamon had a return on equity of 0.41% and a net margin of 0.95%. The company’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 earnings per share. Equities analysts forecast that Gigamon will post $0.79 earnings per share for the current fiscal year.

Gigamon Company Profile

Gigamon Inc offers a solution that delivers visibility and control of data-in-motion traversing enterprise, federal and service provider networks. The Company’s Visibility Platform consists of a distributed system of nodes (that in combination establish a Visibility Fabric). The Visibility Platform includes physical appliances and virtual nodes that can be deployed in data centers, central offices, virtualized/private cloud/public cloud environments, and small form-factor remote site appliances, which in combination enable pervasive visibility of network infrastructures.

Analyst Recommendations for Gigamon (NYSE:GIMO)

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