Kennedy Capital Management Inc. Takes Position in Gigamon Inc. (GIMO)

Kennedy Capital Management Inc. acquired a new stake in Gigamon Inc. (NYSE:GIMO) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 132,265 shares of the technology company’s stock, valued at approximately $5,205,000. Kennedy Capital Management Inc. owned approximately 0.35% of Gigamon as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Alps Advisors Inc. increased its stake in shares of Gigamon by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 13,980 shares of the technology company’s stock valued at $550,000 after acquiring an additional 36 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Gigamon by 156.7% in the 1st quarter. JPMorgan Chase & Co. now owns 54,470 shares of the technology company’s stock valued at $1,936,000 after acquiring an additional 33,253 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Gigamon by 1.4% in the 1st quarter. Teachers Advisors LLC now owns 363,290 shares of the technology company’s stock valued at $12,915,000 after acquiring an additional 4,973 shares in the last quarter. Swiss National Bank increased its stake in shares of Gigamon by 3.7% in the 1st quarter. Swiss National Bank now owns 47,600 shares of the technology company’s stock valued at $1,692,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Omega Advisors Inc. bought a new stake in shares of Gigamon in the 1st quarter valued at $12,800,000. Institutional investors own 97.97% of the company’s stock.

Several research firms have recently weighed in on GIMO. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price objective on shares of Gigamon in a research note on Tuesday. BidaskClub upgraded shares of Gigamon from a “hold” rating to a “buy” rating in a research note on Thursday. ValuEngine upgraded shares of Gigamon from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Stifel Nicolaus restated a “buy” rating and set a $48.00 price target on shares of Gigamon in a research note on Tuesday. Finally, Zacks Investment Research lowered shares of Gigamon from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. Gigamon has a consensus rating of “Hold” and a consensus price target of $45.38.

In other news, Director Ted C. Ho sold 30,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $40.68, for a total transaction of $1,220,400.00. Following the completion of the transaction, the director now directly owns 16,919 shares in the company, valued at $688,264.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul B. Shinn sold 2,706 shares of the firm’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 transaction, the insider now owns 32,985 shares of the company’s stock, valued at $1,307,195.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 107,706 shares of company stock valued at $4,252,339. 4.50% of the stock is owned by corporate insiders.

Gigamon Inc. (GIMO) opened at 44.45 on Friday. The stock has a market capitalization of $1.66 billion, a P/E ratio of 562.66 and a beta of 1.51. Gigamon Inc. has a 12-month low of $28.50 and a 12-month high of $61.25. The firm’s 50-day moving average is $41.15 and its 200-day moving average is $38.09.

Gigamon (NYSE:GIMO) last posted its quarterly earnings data on Thursday, July 27th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 0.41% and a net margin of 0.95%. Gigamon’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 EPS. Analysts predict that Gigamon Inc. will post $0.79 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for Gigamon (NYSE:GIMO)

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