Gigamon Inc. (NYSE:GIMO) CFO Mike Burns sold 1,000 shares of the stock in a transaction on Monday, September 19th. The shares were sold at an average price of $52.10, for a total value of $52,100.00. Following the completion of the transaction, the chief financial officer now directly owns 77,637 shares in the company, valued at approximately $4,044,887.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Mike Burns also recently made the following trade(s):

  • On Monday, August 22nd, Mike Burns sold 2,068 shares of Gigamon stock. The shares were sold at an average price of $45.00, for a total value of $93,060.00.
  • On Thursday, August 18th, Mike Burns sold 3,480 shares of Gigamon stock. The shares were sold at an average price of $45.16, for a total value of $157,156.80.
  • On Monday, August 1st, Mike Burns sold 3,068 shares of Gigamon stock. The shares were sold at an average price of $45.41, for a total value of $139,317.88.
  • On Monday, July 11th, Mike Burns sold 16,000 shares of Gigamon stock. The shares were sold at an average price of $40.00, for a total value of $640,000.00.

Gigamon Inc. (NYSE:GIMO) opened at 52.02 on Wednesday. The company’s 50 day moving average price is $46.08 and its 200-day moving average price is $36.61. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 45.00 and a beta of 1.83. Gigamon Inc. has a 12-month low of $18.93 and a 12-month high of $55.00.

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Gigamon (NYSE:GIMO) last posted its earnings results on Thursday, July 28th. The company reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.06. The business had revenue of $75.10 million for the quarter, compared to analyst estimates of $70.10 million. Gigamon had a net margin of 16.46% and a return on equity of 6.28%. The business’s quarterly revenue was up 46.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.16 EPS. On average, analysts forecast that Gigamon Inc. will post $1.17 EPS for the current year.

Institutional investors have recently bought and sold shares of the stock. Advisor Group Inc. purchased a new position in shares of Gigamon during the second quarter worth approximately $112,000. Teacher Retirement System of Texas raised 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 raised 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. Gerstein Fisher purchased a new position in shares of Gigamon during the second quarter worth approximately $206,000. Finally, Bank of Nova Scotia purchased a new position in shares of Gigamon during the second quarter worth approximately $225,000. Institutional investors and hedge funds own 78.33% of the company’s stock.

Several research firms recently commented on GIMO. Needham & Company LLC reissued a “buy” rating and issued a $50.00 target price (up previously from $40.00) on shares of Gigamon in a report on Monday, July 18th. Zacks Investment Research lowered Gigamon from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. William Blair reaffirmed an “outperform” rating on shares of Gigamon in a report on Wednesday, September 14th. Stifel Nicolaus began coverage on Gigamon in a report on Tuesday, August 30th. They set a “hold” rating on the stock. Finally, Northland Securities began coverage on Gigamon in a report on Wednesday, June 22nd. They set an “outperform” rating and a $50.00 price objective on the stock. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $49.00.

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.

5 Day Chart for NYSE:GIMO

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