Disciplined Growth Investors Inc. MN trimmed its holdings in shares of Gigamon Inc. (NYSE:GIMO) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,322,115 shares of the technology company’s stock after selling 18,100 shares during the quarter. Disciplined Growth Investors Inc. MN owned 3.54% of Gigamon worth $55,727,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in GIMO. Elliott Management Corp bought a new stake in shares of Gigamon in the second quarter valued at about $103,546,000. BlackRock Inc. raised its holdings in shares of Gigamon by 95.7% in the second quarter. BlackRock Inc. now owns 3,940,796 shares of the technology company’s stock valued at $155,072,000 after acquiring an additional 1,927,607 shares in the last quarter. Nomura Holdings Inc. bought a new stake in shares of Gigamon in the second quarter valued at about $55,350,000. ETF Managers Group LLC bought a new stake in shares of Gigamon in the second quarter valued at about $44,089,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Gigamon by 532.3% in the third quarter. JPMorgan Chase & Co. now owns 508,290 shares of the technology company’s stock valued at $21,373,000 after acquiring an additional 427,898 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Shares of Gigamon Inc. (GIMO) opened at $38.55 on Monday. Gigamon Inc. has a 52 week low of $28.50 and a 52 week high of $50.35.

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

In related news, 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 transaction of $79,875.60. Following the completion of the sale, the senior vice president now owns 28,185 shares of the company’s stock, valued at $1,086,531.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ted C. Ho sold 30,000 shares of Gigamon stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $42.63, for a total value of $1,278,900.00. The disclosure for this sale can be found here. Insiders have sold 92,072 shares of company stock worth $3,866,776 in the last 90 days. Insiders own 4.50% of the company’s stock.

GIMO has been the topic of several analyst reports. Dougherty & Co lowered Gigamon from a “buy” rating to a “neutral” rating in a research note on Friday, October 27th. Needham & Company LLC lowered Gigamon from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Stifel Nicolaus lowered Gigamon from a “buy” rating to a “hold” rating and cut their target price for the company from $48.00 to $38.50 in a research note on Friday, October 27th. BidaskClub lowered Gigamon from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Finally, JMP Securities lowered Gigamon from an “outperform” rating to a “market perform” rating in a research note on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $45.09.

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Gigamon 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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Institutional Ownership by Quarter for Gigamon (NYSE:GIMO)

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