Shares of Gigamon Inc. (NYSE:GIMO) saw strong trading volume on Friday . 2,049,239 shares changed hands during trading, an increase of 86% from the previous session’s volume of 1,100,338 shares.The stock last traded at $38.60 and had previously closed at $38.45.

A number of equities research analysts recently weighed in on the stock. Dougherty & Co cut shares of Gigamon from a “buy” rating to a “neutral” rating in a research note on Friday, October 27th. Needham & Company LLC cut shares of Gigamon from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Stifel Nicolaus cut shares of Gigamon from a “buy” rating to a “hold” rating and cut their price objective for the company from $48.00 to $38.50 in a research note on Friday, October 27th. BidaskClub cut shares of Gigamon from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Finally, JMP Securities cut shares of Gigamon from an “outperform” rating to a “market perform” rating in a research note on Friday, October 6th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $45.09.

Gigamon (NYSE:GIMO) last released its earnings results on Thursday, October 26th. The technology company reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. The firm had revenue of $79.20 million for the quarter, compared to analyst estimates of $84.73 million. Gigamon had a negative return on equity of 0.55% and a negative net margin of 0.32%. Gigamon’s revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.36 earnings per share. analysts predict that Gigamon Inc. will post -0.12 EPS for the current fiscal year.

In related news, Director Ted C. Ho sold 30,000 shares of Gigamon stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $42.99, for a total value of $1,289,700.00. Following the transaction, the director now owns 16,919 shares of the company’s stock, valued at approximately $727,347.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Paul B. Shinn sold 2,072 shares of Gigamon stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $38.55, for a total value of $79,875.60. Following the completion of the transaction, the senior vice president now directly owns 28,185 shares in the company, valued at approximately $1,086,531.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 92,072 shares of company stock worth $3,866,776. 4.50% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Piedmont Investment Advisors LLC increased its stake in Gigamon by 20.7% in the 3rd quarter. Piedmont Investment Advisors LLC now owns 8,151 shares of the technology company’s stock worth $344,000 after purchasing an additional 1,397 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Gigamon during the 3rd quarter valued at about $460,000. Granahan Investment Management Inc. MA grew its stake in Gigamon by 5.2% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 156,724 shares of the technology company’s stock valued at $6,606,000 after acquiring an additional 7,691 shares in the last quarter. Segall Bryant & Hamill LLC grew its stake in Gigamon by 26.5% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 201,414 shares of the technology company’s stock valued at $8,490,000 after acquiring an additional 42,171 shares in the last quarter. Finally, Senvest Management LLC grew its stake in Gigamon by 6.8% during the 3rd quarter. Senvest Management LLC now owns 938,492 shares of the technology company’s stock valued at $39,557,000 after acquiring an additional 60,000 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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