Gigamon Inc. (NYSE:GIMO) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Friday.

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus reiterated a “buy” rating and set a $45.00 price target on shares of Gigamon in a report on Monday, June 5th. Needham & Company LLC upped their price target on shares of Gigamon from $34.00 to $50.00 and gave the company a “buy” rating in a report on Monday, June 5th. Dougherty & Co upgraded shares of Gigamon from a “neutral” rating to a “buy” rating and set a $50.00 price target for the company in a report on Monday, July 31st. BidaskClub upgraded shares of Gigamon from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Finally, Vetr lowered shares of Gigamon from a “strong-buy” rating to a “hold” rating and set a $42.50 price target for the company. in a report on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $45.38.

Gigamon (GIMO) opened at 43.65 on Friday. The company has a market cap of $1.63 billion, a P/E ratio of 552.53 and a beta of 1.53. The stock’s 50 day moving average is $40.04 and its 200 day moving average is $37.62. Gigamon has a 1-year low of $28.50 and a 1-year 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. Gigamon had a net margin of 0.95% and a return on equity of 0.41%. The firm had revenue of $69.10 million for the quarter, compared to the consensus estimate of $71.36 million. During the same quarter in the prior year, the company earned $0.30 earnings per share. The company’s quarterly revenue was down 8.0% compared to the same quarter last year. Equities analysts anticipate that Gigamon will post $0.79 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Gigamon Inc. (GIMO) Raised to Hold at ValuEngine” was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this news story on another site, it was illegally copied and republished in violation of international copyright law. The legal version of this news story can be viewed at https://www.watchlistnews.com/gigamon-inc-gimo-raised-to-hold-at-valuengine/1537056.html.

In other Gigamon news, insider Paul B. Shinn sold 2,706 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $39.63, for a total value of $107,238.78. Following the completion of the transaction, the insider now directly owns 32,985 shares in the company, valued at approximately $1,307,195.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ted C. Ho sold 60,000 shares of the company’s stock in a transaction on Friday, July 7th. The stock was sold at an average price of $38.58, for a total transaction of $2,314,800.00. The disclosure for this sale can be found here. Insiders sold a total of 167,706 shares of company stock valued at $6,747,139 over the last 90 days. Company insiders own 4.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. bought a new position in shares of Gigamon during the first quarter valued at approximately $100,000. Cubist Systematic Strategies LLC acquired a new stake in Gigamon during the second quarter worth $100,000. Creative Planning increased its stake in Gigamon by 8.7% in the first quarter. Creative Planning now owns 3,500 shares of the technology company’s stock worth $124,000 after buying an additional 279 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Gigamon by 154.0% in the first 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 in the last quarter. Finally, Pinebridge Investments L.P. acquired a new stake in Gigamon during the second quarter worth $162,000. Institutional investors and hedge funds own 97.97% 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.

Analyst Recommendations for Gigamon (NYSE:GIMO)

Receive News & Ratings for Gigamon Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gigamon Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.