Gigamon Inc. (NYSE:GIMO) Director Ted C. Ho sold 15,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $42.54, for a total transaction of $638,100.00. Following the completion of the sale, the director now directly owns 16,919 shares in the company, valued at approximately $719,734.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Gigamon Inc. (NYSE:GIMO) opened at 40.55 on Friday. Gigamon Inc. has a 52-week low of $28.50 and a 52-week high of $61.25. The stock has a 50 day moving average of $42.41 and a 200-day moving average of $39.09. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 513.29 and a beta of 1.50.

Gigamon (NYSE:GIMO) last announced its earnings results on Thursday, July 27th. The technology company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.12). Gigamon had a return on equity of 0.41% and a net margin of 0.95%. The firm had revenue of $69.10 million during the quarter, compared to analyst estimates of $71.36 million. During the same quarter in the previous year, the business earned $0.30 earnings per share. The business’s quarterly revenue was down 8.0% compared to the same quarter last year. On average, analysts expect that Gigamon Inc. will post $0.79 EPS for the current year.

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Several analysts have issued reports on GIMO shares. Dougherty & Co raised shares of Gigamon from a “neutral” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Monday, July 31st. Needham & Company LLC set a $50.00 price target on shares of Gigamon and gave the company a “buy” rating in a report on Saturday, July 29th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $48.00 price target on shares of Gigamon in a report on Sunday, July 30th. BidaskClub raised shares of Gigamon from a “hold” rating to a “buy” rating in a report on Thursday, September 14th. Finally, ValuEngine raised shares of Gigamon from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Gigamon has an average rating of “Hold” and an average price target of $45.95.

Several hedge funds have recently bought and sold shares of GIMO. Elliott Management Corp acquired a new stake in shares of Gigamon during the second quarter worth approximately $103,546,000. BlackRock Inc. boosted its holdings in shares of Gigamon by 95.7% during the second quarter. BlackRock Inc. now owns 3,940,796 shares of the technology company’s stock worth $155,072,000 after purchasing an additional 1,927,607 shares during the period. Credit Suisse AG boosted its holdings in shares of Gigamon by 3,567.2% during the first quarter. Credit Suisse AG now owns 1,525,774 shares of the technology company’s stock worth $54,241,000 after purchasing an additional 1,484,168 shares during the period. Nomura Holdings Inc. acquired a new stake in shares of Gigamon during the second quarter worth approximately $55,350,000. Finally, ETF Managers Group LLC acquired a new stake in shares of Gigamon during the second quarter worth approximately $44,089,000. Institutional investors and hedge funds own 97.84% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Gigamon (NYSE:GIMO)

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