Gigamon Inc. (GIMO) Shares Bought by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC boosted its stake in shares of Gigamon Inc. (NYSE:GIMO) by 1.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,310 shares of the technology company’s stock after buying an additional 150 shares during the period. Nisa Investment Advisors LLC’s holdings in Gigamon were worth $432,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Gigamon during the fourth quarter valued at $11,609,000. JPMorgan Chase & Co. increased its stake in shares of Gigamon by 156.7% in the first quarter. JPMorgan Chase & Co. now owns 54,470 shares of the technology company’s stock valued at $1,936,000 after buying an additional 33,253 shares during the period. Juncture Wealth Strategies LLC bought a new stake in shares of Gigamon during the first quarter valued at $232,000. Legato Capital Management LLC bought a new stake in shares of Gigamon during the first quarter valued at $1,860,000. Finally, Swiss National Bank increased its stake in shares of Gigamon by 3.7% in the first quarter. Swiss National Bank now owns 47,600 shares of the technology company’s stock valued at $1,692,000 after buying an additional 1,700 shares during the period. Hedge funds and other institutional investors own 80.77% of the company’s stock.
Gigamon Inc. (NYSE GIMO) traded up 1.28% on Friday, hitting $39.60. The stock had a trading volume of 137,380 shares. The firm has a market cap of $1.48 billion, a PE ratio of 501.27 and a beta of 1.53. Gigamon Inc. has a 12-month low of $28.50 and a 12-month high of $61.25. The company’s 50 day moving average is $39.42 and its 200 day moving average is $36.68.
Gigamon (NYSE:GIMO) last announced its quarterly earnings data 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 firm had revenue of $69.10 million during the quarter, compared to the consensus estimate 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 period in the prior year, the firm earned $0.30 earnings per share. On average, equities research analysts expect that Gigamon Inc. will post $0.79 EPS for the current fiscal year.
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GIMO has been the topic of several recent research reports. Needham & Company LLC cut their price target on Gigamon from $38.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, April 28th. Stifel Nicolaus upped their price target on Gigamon from $39.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, May 9th. Dougherty & Co upgraded 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. ValuEngine upgraded Gigamon from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Vetr downgraded Gigamon from a “strong-buy” rating to a “hold” rating and set a $42.50 price target on the stock. in a report on Monday, May 8th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $45.38.
In related news, insider Paul B. Shinn sold 3,185 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $38.90, for a total value of $123,896.50. Following the completion of the sale, the insider now directly owns 35,974 shares of the company’s stock, valued at $1,399,388.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ted C. Ho sold 60,000 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $41.58, for a total value of $2,494,800.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 178,964 shares of company stock valued at $7,198,298. 4.50% of the stock is owned by corporate insiders.
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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