Gigamon Inc. (NYSE:GIMO) insider Paul B. Shinn sold 2,706 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $39.63, for a total value of $107,238.78. Following the sale, the insider now directly owns 32,985 shares in the company, valued at approximately $1,307,195.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Gigamon Inc. (NYSE:GIMO) traded up 0.64% during trading on Friday, reaching $39.50. 303,556 shares of the company’s stock traded hands. The company has a market cap of $1.48 billion, a P/E ratio of 500.00 and a beta of 1.53. Gigamon Inc. has a 12 month low of $28.50 and a 12 month high of $61.25. The firm’s 50 day moving average is $39.37 and its 200 day moving average is $36.94.

Gigamon (NYSE:GIMO) last posted its earnings results on Thursday, July 27th. The technology company reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.12. The firm had revenue of $69.10 million during 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%. The company’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same quarter last year, the business posted $0.30 earnings per share. Analysts anticipate that Gigamon Inc. will post $0.79 EPS for the current year.

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Several research firms have issued reports on GIMO. Stifel Nicolaus reaffirmed a “buy” rating and issued a $48.00 price target on shares of Gigamon in a report on Sunday, July 30th. Dougherty & Co raised Gigamon from a “neutral” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Monday, July 31st. Vetr cut Gigamon from a “strong-buy” rating to a “hold” rating and set a $42.50 price target on the stock. in a report on Monday, May 8th. Needham & Company LLC set a $50.00 price target on Gigamon and gave the company a “buy” rating in a report on Saturday, July 29th. Finally, Bank of America Corporation reaffirmed a “neutral” rating and issued a $43.00 price target (up previously from $33.00) on shares of Gigamon in a report on Thursday, June 22nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $45.38.

A number of large investors have recently bought and sold shares of GIMO. BlackRock Inc. raised its stake in Gigamon by 95.7% in the second quarter. BlackRock Inc. now owns 3,940,796 shares of the technology company’s stock valued at $155,072,000 after buying an additional 1,927,607 shares during the period. Vanguard Group Inc. raised its stake in Gigamon by 15.5% in the second quarter. Vanguard Group Inc. now owns 2,949,083 shares of the technology company’s stock valued at $116,046,000 after buying an additional 394,726 shares during the period. Elliott Management Corp purchased a new stake in Gigamon during the second quarter valued at $103,546,000. Credit Suisse AG raised its stake in Gigamon by 3,567.2% in the first quarter. Credit Suisse AG now owns 1,525,774 shares of the technology company’s stock valued at $54,241,000 after buying an additional 1,484,168 shares during the period. Finally, Nomura Holdings Inc. purchased a new stake in Gigamon during the second quarter valued at $55,350,000. Institutional investors own 78.19% of the company’s stock.

About Gigamon

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.

Insider Buying and Selling by Quarter for Gigamon (NYSE:GIMO)

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