Gigamon Inc. (NYSE:GIMO) Director Ted C. Ho sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $42.63, for a total transaction of $1,278,900.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Gigamon Inc. (NYSE GIMO) traded up 0.35% during trading on Wednesday, reaching $43.10. 644,718 shares of the company were exchanged. Gigamon Inc. has a 52-week low of $28.50 and a 52-week high of $61.25. The firm has a 50-day moving average of $42.18 and a 200-day moving average of $39.00. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 545.57 and a beta of 1.50.

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

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Several institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new position in Gigamon during the second quarter worth $100,000. Ameritas Investment Partners Inc. acquired a new position in Gigamon during the first quarter worth $100,000. BNP Paribas Arbitrage SA boosted its holdings in Gigamon by 154.0% during the first quarter. BNP Paribas Arbitrage SA now owns 3,693 shares of the technology company’s stock worth $131,000 after purchasing an additional 2,239 shares during the last quarter. Creative Planning boosted its holdings in Gigamon by 16.3% during the second quarter. Creative Planning now owns 4,070 shares of the technology company’s stock worth $160,000 after purchasing an additional 570 shares during the last quarter. Finally, Pinebridge Investments L.P. acquired a new position in Gigamon during the second quarter worth $162,000. Institutional investors own 97.84% of the company’s stock.

A number of brokerages recently weighed in on GIMO. Stifel Nicolaus restated a “buy” rating and set a $48.00 target price on shares of Gigamon in a report on Monday, September 25th. BidaskClub upgraded shares of Gigamon from a “hold” rating to a “buy” rating in a report on Thursday, September 14th. Needham & Company LLC restated a “buy” rating and set a $50.00 target price on shares of Gigamon in a report on Tuesday, September 12th. ValuEngine upgraded shares of Gigamon from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, Dougherty & Co upgraded shares of Gigamon from a “neutral” rating to a “buy” rating and set a $50.00 target price for the company in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $45.38.

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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