Gigamon Inc. (NYSE:GIMO) insider Shehzad Merchant sold 18,169 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $57.08, for a total transaction of $1,037,086.52. Following the sale, the insider now owns 63,907 shares in the company, valued at $3,647,811.56. The sale was disclosed in a filing with the SEC, which is available at this link.

Shehzad Merchant also recently made the following trade(s):

  • On Monday, November 7th, Shehzad Merchant sold 17,913 shares of Gigamon stock. The shares were sold at an average price of $57.14, for a total transaction of $1,023,548.82.
  • On Friday, August 19th, Shehzad Merchant sold 3,818 shares of Gigamon stock. The shares were sold at an average price of $45.24, for a total transaction of $172,726.32.

Shares of Gigamon Inc. (NYSE:GIMO) traded up 2.15% on Thursday, reaching $59.45. 223,015 shares of the company were exchanged. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 48.69 and a beta of 1.75. The company’s 50-day moving average is $53.31 and its 200-day moving average is $43.26. Gigamon Inc. has a 52 week low of $21.23 and a 52 week high of $59.80.

Gigamon (NYSE:GIMO) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.05. The business earned $83.50 million during the quarter, compared to analyst estimates of $79.56 million. Gigamon had a net margin of 15.56% and a return on equity of 7.15%. The company’s quarterly revenue was up 47.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.22 earnings per share. On average, equities analysts expect that Gigamon Inc. will post $1.26 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Gigamon (NYSE:GIMO)

Several hedge funds have recently added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. raised its stake in Gigamon by 150.0% in the third quarter. Thompson Davis & CO. Inc. now owns 1,875 shares of the company’s stock valued at $103,000 after buying an additional 1,125 shares during the last quarter. BlackRock Japan Co. Ltd increased its position in Gigamon by 15.1% in the third quarter. BlackRock Japan Co. Ltd now owns 2,003 shares of the company’s stock valued at $110,000 after buying an additional 263 shares during the period. US Bancorp DE increased its position in Gigamon by 15.4% in the third quarter. US Bancorp DE now owns 2,619 shares of the company’s stock valued at $144,000 after buying an additional 349 shares during the period. Creative Planning increased its position in Gigamon by 300.3% in the third quarter. Creative Planning now owns 2,802 shares of the company’s stock valued at $154,000 after buying an additional 2,102 shares during the period. Finally, Advisor Group Inc. bought a new position in Gigamon during the second quarter valued at about $112,000. 77.03% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently weighed in on GIMO shares. Zacks Investment Research lowered shares of Gigamon from a “hold” rating to a “sell” rating in a report on Friday, October 7th. Bank of America Corp. raised shares of Gigamon from a “neutral” rating to a “buy” rating and upped their target price for the stock from $48.00 to $61.00 in a report on Thursday, October 13th. William Blair reaffirmed an “outperform” rating on shares of Gigamon in a report on Wednesday, September 14th. Needham & Company LLC upped their target price on shares of Gigamon from $52.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, October 24th. Finally, JMP Securities started coverage on shares of Gigamon in a report on Thursday, October 6th. They set a “market perform” rating on the stock. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Gigamon presently has a consensus rating of “Buy” and a consensus target price of $56.71.

About Gigamon

Gigamon Inc offers solutions that deliver visibility and control of traffic across networks. The Company’s Visibility Fabric solution consists of a distributed system of nodes that enable a level of visibility, modification and control of network traffic. Its GigaSECURE Security Delivery Platform enables the delivery of network, data as a service, for multiple security tools.

5 Day Chart for NYSE:GIMO

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