Gigamon Inc. (GIMO) Holdings Boosted by Segall Bryant & Hamill LLC
Segall Bryant & Hamill LLC raised its position in Gigamon Inc. (NYSE:GIMO) by 26.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 201,414 shares of the technology company’s stock after buying an additional 42,171 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.54% of Gigamon worth $8,490,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Elliott Management Corp bought a new position in Gigamon in the 2nd quarter valued at about $103,546,000. Crossmark Global Holdings Inc. bought a new stake in shares of Gigamon during the 3rd quarter valued at approximately $598,000. Alps Advisors Inc. grew its holdings in shares of Gigamon by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 13,980 shares of the technology company’s stock valued at $550,000 after purchasing an additional 36 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Gigamon by 73.9% during the 2nd quarter. Rhumbline Advisers now owns 65,887 shares of the technology company’s stock valued at $2,593,000 after purchasing an additional 28,010 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of Gigamon during the 3rd quarter valued at approximately $1,066,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently issued reports on GIMO shares. ValuEngine raised shares of Gigamon from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price target on shares of Gigamon in a report on Thursday, August 31st. BidaskClub raised shares of Gigamon from a “sell” rating to a “hold” rating in a report on Wednesday, August 30th. Stifel Nicolaus reaffirmed a “buy” rating and set a $48.00 price target on shares of Gigamon in a report on Tuesday, September 12th. Finally, JMP Securities lowered shares of Gigamon from an “outperform” rating to a “market perform” rating in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $45.09.
Gigamon (NYSE:GIMO) last announced its quarterly earnings results on Thursday, October 26th. The technology company reported $0.23 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.23. The business had revenue of $79.20 million during the quarter, compared to analyst estimates of $84.73 million. Gigamon had a negative net margin of 0.32% and a negative return on equity of 0.55%. Gigamon’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.36 EPS. sell-side analysts expect that Gigamon Inc. will post -0.12 earnings per share for the current year.
In other Gigamon news, SVP Paul B. Shinn sold 2,072 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $38.55, for a total transaction of $79,875.60. Following the completion of the sale, the senior vice president now owns 28,185 shares in the company, valued at approximately $1,086,531.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ted C. Ho sold 30,000 shares of the business’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $42.99, for a total transaction of $1,289,700.00. Following the sale, the director now owns 16,919 shares of the company’s stock, valued at approximately $727,347.81. The disclosure for this sale can be found here. Insiders have sold a total of 92,072 shares of company stock valued at $3,866,776 in the last 90 days. 4.50% of the stock is currently owned by company insiders.
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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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