Gigamon Inc. (NYSE:GIMO) has received an average rating of “Hold” from the sixteen brokerages that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $42.05.

Several research firms have issued reports on GIMO. Dougherty & Co upgraded Gigamon from a “neutral” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Monday, July 31st. Needham & Company LLC set a $50.00 price objective on Gigamon and gave the stock a “buy” rating in a report on Saturday, July 29th. Stifel Nicolaus restated a “buy” rating and set a $48.00 price objective on shares of Gigamon in a report on Sunday, July 30th. DA Davidson boosted their price objective on Gigamon from $40.00 to $41.00 and gave the stock a “neutral” rating in a report on Friday, July 28th. Finally, BidaskClub downgraded Gigamon from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th.

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Shares of Gigamon (NYSE GIMO) traded up 1.02% during midday trading on Friday, reaching $39.50. 387,071 shares of the company were exchanged. The company has a market capitalization of $1.48 billion, a PE ratio of 500.00 and a beta of 1.53. The firm’s 50 day moving average is $39.42 and its 200-day moving average is $36.68. Gigamon 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, July 27th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.12. The company had revenue of $69.10 million for the quarter, compared to analyst estimates of $71.36 million. Gigamon had a return on equity of 0.41% and a net margin of 0.95%. Gigamon’s quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 EPS. On average, equities analysts forecast that Gigamon will post $0.79 earnings per share for the current fiscal year.

In related news, Director Ted C. Ho sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $40.68, for a total value of $1,220,400.00. Following the completion of the sale, the director now owns 16,919 shares of the company’s stock, valued at approximately $688,264.92. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ted C. Ho sold 60,000 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $41.58, for a total value of $2,494,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 178,964 shares of company stock worth $7,198,298. Company insiders own 4.50% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. purchased a new stake in shares of Gigamon during the first quarter valued at approximately $100,000. Creative Planning boosted its stake in shares of Gigamon by 8.7% in the first quarter. Creative Planning now owns 3,500 shares of the technology company’s stock valued at $124,000 after buying an additional 279 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Gigamon by 154.0% in the first quarter. BNP Paribas Arbitrage SA now owns 3,693 shares of the technology company’s stock valued at $131,000 after buying an additional 2,239 shares during the last quarter. Pinebridge Investments L.P. purchased a new stake in shares of Gigamon during the second quarter valued at approximately $162,000. Finally, LS Investment Advisors LLC purchased a new stake in shares of Gigamon during the second quarter valued at approximately $172,000. 80.77% of the stock is owned by institutional investors and hedge funds.

Gigamon Company Profile

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.

Analyst Recommendations for Gigamon (NYSE:GIMO)

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