Gigamon Inc. (GIMO) Director Ted C. Ho Sells 15,000 Shares of Stock
Gigamon Inc. (NYSE:GIMO) Director Ted C. Ho sold 15,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $38.68, for a total value of $580,200.00. Following the completion of the transaction, the director now directly owns 16,919 shares of the company’s stock, valued at approximately $654,426.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Gigamon Inc. (NYSE GIMO) opened at $38.45 on Tuesday. 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, October 26th. The technology company reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates 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 prior year, the company earned $0.36 earnings per share. The company’s revenue was down 5.1% on a year-over-year basis. equities research analysts predict that Gigamon Inc. will post -0.12 EPS for the current year.
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Several equities analysts recently weighed in on GIMO shares. Stifel Nicolaus restated a “buy” rating and issued a $48.00 price target on shares of Gigamon in a research note on Monday, September 25th. Dougherty & Co upgraded Gigamon from a “neutral” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Monday, July 31st. Needham & Company LLC lowered Gigamon from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. DA Davidson boosted their price objective on Gigamon from $40.00 to $41.00 and gave the stock a “neutral” rating in a research note on Friday, July 28th. Finally, BidaskClub lowered Gigamon from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $45.09.
Several institutional investors have recently bought and sold shares of the company. Parametric Portfolio Associates LLC grew its holdings in shares of Gigamon by 0.6% during the first quarter. Parametric Portfolio Associates LLC now owns 40,136 shares of the technology company’s stock worth $1,427,000 after purchasing an additional 236 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Gigamon by 156.7% during the first quarter. JPMorgan Chase & Co. now owns 54,470 shares of the technology company’s stock worth $1,936,000 after purchasing an additional 33,253 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of Gigamon by 1.4% during the first quarter. Teachers Advisors LLC now owns 363,290 shares of the technology company’s stock worth $12,915,000 after purchasing an additional 4,973 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Gigamon by 11.7% during the first quarter. Legal & General Group Plc now owns 12,723 shares of the technology company’s stock worth $451,000 after purchasing an additional 1,328 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Gigamon by 0.5% during the first quarter. Geode Capital Management LLC now owns 231,166 shares of the technology company’s stock worth $8,217,000 after purchasing an additional 1,173 shares during the last quarter. 98.69% of the stock is currently owned by institutional investors and hedge funds.
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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