Gigamon Inc. (NYSE:GIMO) Director Ted C. Ho sold 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $54.66, for a total transaction of $3,279,600.00. Following the completion of the sale, the director now owns 11,837 shares of the company’s stock, valued at $647,010.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Gigamon Inc. (NYSE:GIMO) opened at 51.48 on Monday. The firm has a market capitalization of $1.82 billion, a PE ratio of 44.53 and a beta of 1.76. Gigamon Inc. has a 52-week low of $19.86 and a 52-week high of $56.38. The stock’s 50 day moving average is $49.29 and its 200-day moving average is $38.78.
Gigamon (NYSE:GIMO) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. Gigamon had a net margin of 16.46% and a return on equity of 6.28%. The company earned $75.10 million during the quarter, compared to analyst estimates of $70.10 million. During the same period in the prior year, the firm earned $0.16 earnings per share. The business’s quarterly revenue was up 46.1% on a year-over-year basis. Equities analysts expect that Gigamon Inc. will post $1.16 earnings per share for the current year.
GIMO has been the subject of a number of recent analyst reports. TheStreet upgraded shares of Gigamon from a “hold” rating to a “buy” rating in a report on Thursday, July 28th. Rosenblatt Securities initiated coverage on shares of Gigamon in a report on Monday, August 1st. They issued a “buy” rating and a $55.00 target price for the company. Northland Securities initiated coverage on shares of Gigamon in a report on Wednesday, June 22nd. They issued an “outperform” rating and a $50.00 target price for the company. Zacks Investment Research upgraded shares of Gigamon from a “hold” rating to a “strong-buy” rating and set a $48.00 target price for the company in a report on Wednesday, July 27th. Finally, Stifel Nicolaus initiated coverage on shares of Gigamon in a report on Tuesday, August 30th. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $53.00.
Institutional investors have recently modified their holdings of the stock. Advisor Group Inc. acquired a new position in shares of Gigamon during the second quarter worth $112,000. BNP Paribas Arbitrage SA increased its position in shares of Gigamon by 150.4% in the third quarter. BNP Paribas Arbitrage SA now owns 3,175 shares of the company’s stock worth $174,000 after buying an additional 1,907 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of 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. Legal & General Group Plc increased its position in shares of Gigamon by 3.9% in the second quarter. Legal & General Group Plc now owns 4,360 shares of the company’s stock worth $159,000 after buying an additional 164 shares in the last quarter. Finally, Gerstein Fisher acquired a new position in shares of Gigamon during the second quarter worth $206,000. Institutional investors own 78.33% of the company’s stock.
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.
Receive News & Ratings for Gigamon Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gigamon Inc. and related companies with MarketBeat.com's FREE daily email newsletter.