Gigamon Inc (NYSE:GIMO) VP Helmut Wilke sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $34.66, for a total value of $519,900.00. Following the completion of the sale, the vice president now owns 52,441 shares of the company’s stock, valued at approximately $1,817,605.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Gigamon Inc (NYSE:GIMO) traded down 0.53% during midday trading on Friday, hitting $37.65. The company had a trading volume of 784,167 shares. The stock has a market capitalization of $1.38 billion, a PE ratio of 32.07 and a beta of 1.56. The stock has a 50 day moving average price of $35.78 and a 200-day moving average price of $40.79. Gigamon Inc has a 52 week low of $28.50 and a 52 week high of $61.25.
Gigamon (NYSE:GIMO) last posted its quarterly earnings data on Thursday, April 27th. The technology company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.02. Gigamon had a return on equity of 6.57% and a net margin of 15.90%. The firm had revenue of $69.60 million for the quarter, compared to the consensus estimate of $68.77 million. During the same quarter last year, the company earned $0.22 earnings per share. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities analysts predict that Gigamon Inc will post $0.69 EPS for the current year.
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A number of equities analysts recently commented on GIMO shares. William Blair restated an “outperform” rating and set a $85.00 target price on shares of Gigamon in a report on Friday, February 3rd. FBN Securities started coverage on Gigamon in a report on Thursday, March 16th. They set an “outperform” rating and a $40.00 target price for the company. Bank of America Corp downgraded Gigamon from a “buy” rating to a “neutral” rating in a report on Friday, February 3rd. JMP Securities upgraded Gigamon from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a report on Friday, March 17th. Finally, DA Davidson downgraded Gigamon from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $36.00 to $40.00 in a report on Tuesday, May 9th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $46.19.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Advisor Group Inc. increased its position in Gigamon by 2.0% in the third quarter. Advisor Group Inc. now owns 3,064 shares of the technology company’s stock valued at $167,000 after buying an additional 61 shares during the period. Parametric Portfolio Associates LLC increased its position in Gigamon by 0.6% in the first quarter. Parametric Portfolio Associates LLC now owns 40,136 shares of the technology company’s stock valued at $1,427,000 after buying an additional 236 shares during the period. Envestnet Asset Management Inc. increased its position in Gigamon by 5.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,755 shares of the technology company’s stock valued at $216,000 after buying an additional 265 shares during the period. Creative Planning increased its position in Gigamon by 8.7% in the first quarter. Creative Planning now owns 3,500 shares of the technology company’s stock valued at $124,000 after buying an additional 279 shares during the period. Finally, US Bancorp DE increased its stake in shares of Gigamon by 15.4% in the third quarter. US Bancorp DE now owns 2,619 shares of the technology company’s stock valued at $144,000 after buying an additional 349 shares during the period. 83.97% of the stock is currently owned by hedge funds and other institutional investors.
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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