Gigamon Inc. (GIMO) VP Helmut Wilke Sells 5,000 Shares
Gigamon Inc. (NYSE:GIMO) VP Helmut Wilke sold 5,000 shares of the stock in a transaction on Friday, November 18th. The shares were sold at an average price of $57.68, for a total value of $288,400.00. Following the sale, the vice president now owns 61,081 shares in the company, valued at approximately $3,523,152.08. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Helmut Wilke also recently made the following trade(s):
- On Wednesday, August 24th, Helmut Wilke sold 4,000 shares of Gigamon stock. The shares were sold at an average price of $45.24, for a total value of $180,960.00.
Shares of Gigamon Inc. (NYSE:GIMO) traded up 1.21% during midday trading on Friday, reaching $58.65. The company had a trading volume of 560,992 shares. Gigamon Inc. has a 52 week low of $21.23 and a 52 week high of $59.80. The company has a market capitalization of $2.10 billion, a P/E ratio of 48.03 and a beta of 1.75. The company’s 50 day moving average price is $53.36 and its 200-day moving average price is $43.36.
Gigamon (NYSE:GIMO) last posted its earnings results on Thursday, October 27th. The company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.05. Gigamon had a return on equity of 7.15% and a net margin of 15.56%. The company had revenue of $83.50 million for the quarter, compared to the consensus estimate of $79.56 million. During the same quarter in the previous year, the business earned $0.22 earnings per share. The company’s revenue for the quarter was up 47.4% on a year-over-year basis. On average, equities research analysts predict that Gigamon Inc. will post $1.26 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of GIMO. Thompson Davis & CO. Inc. increased 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 worth $103,000 after buying an additional 1,125 shares in the last quarter. BlackRock Japan Co. Ltd increased its stake in Gigamon by 15.1% in the third quarter. BlackRock Japan Co. Ltd now owns 2,003 shares of the company’s stock worth $110,000 after buying an additional 263 shares in the last quarter. Advisor Group Inc. acquired a new stake in Gigamon during the second quarter worth approximately $112,000. US Bancorp DE increased its stake in Gigamon by 15.4% in the third quarter. US Bancorp DE now owns 2,619 shares of the company’s stock worth $144,000 after buying an additional 349 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in Gigamon by 84.9% in the second quarter. Teacher Retirement System of Texas now owns 3,870 shares of the company’s stock worth $145,000 after buying an additional 1,777 shares in the last quarter. Institutional investors own 77.03% of the company’s stock.
Several brokerages have commented on GIMO. Rosenblatt Securities set a $70.00 price objective on Gigamon and gave the company a “buy” rating in a research report on Monday. Zacks Investment Research raised Gigamon from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a research report on Wednesday, September 28th. Raymond James Financial Inc. downgraded Gigamon from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 5th. DA Davidson downgraded Gigamon from a “buy” rating to a “neutral” rating and upped their price objective for the company from $54.00 to $59.00 in a research report on Wednesday, October 5th. They noted that the move was a valuation call. Finally, Citigroup Inc. downgraded Gigamon to a “market perform” rating in a research report on Wednesday, October 5th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Gigamon has a consensus rating of “Buy” and a consensus target price of $56.71.
Gigamon Company Profile
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.
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