Gigamon Inc. (NYSE:GIMO)‘s stock had its “buy” rating reiterated by equities researchers at Stifel Nicolaus in a report released on Tuesday. They presently have a $48.00 price target on the technology company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 10.34% from the company’s previous close.

Other research analysts have also issued reports about the company. Dougherty & Co upgraded Gigamon from a “neutral” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Monday, July 31st. 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. BidaskClub upgraded Gigamon from a “sell” rating to a “hold” rating in a report on Wednesday, August 30th. ValuEngine upgraded Gigamon from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, DA Davidson boosted their price target on Gigamon from $40.00 to $41.00 and gave the company a “neutral” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $45.38.

Shares of Gigamon (GIMO) traded up 1.84% during midday trading on Tuesday, hitting $44.30. The stock had a trading volume of 659,752 shares. The firm’s 50-day moving average price is $40.61 and its 200-day moving average price is $37.89. Gigamon has a one year low of $28.50 and a one year high of $61.25. The firm has a market capitalization of $1.66 billion, a PE ratio of 560.76 and a beta of 1.51.

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 business had revenue of $69.10 million for the quarter, compared to the consensus estimate of $71.36 million. Gigamon had a return on equity of 0.41% and a net margin of 0.95%. The business’s revenue was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 earnings per share. On average, equities analysts predict that Gigamon will post $0.79 EPS for the current year.

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In related news, Director Ted C. Ho sold 30,000 shares of Gigamon stock in a transaction dated 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 sale, the director now owns 16,919 shares of the company’s stock, valued at $688,264.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul B. Shinn sold 2,706 shares of Gigamon stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $39.63, for a total value of $107,238.78. Following the completion of the sale, the insider now directly owns 32,985 shares in the company, valued at approximately $1,307,195.55. The disclosure for this sale can be found here. In the last ninety days, insiders sold 107,706 shares of company stock worth $4,252,339. 4.50% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC acquired a new stake in shares of Gigamon in the second quarter valued at about $9,070,000. Disciplined Growth Investors Inc. MN increased its position in shares of Gigamon by 21.2% in the second quarter. Disciplined Growth Investors Inc. MN now owns 1,340,215 shares of the technology company’s stock valued at $52,737,000 after acquiring an additional 234,752 shares during the last quarter. Verition Fund Management LLC acquired a new stake in shares of Gigamon in the second quarter valued at about $334,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Gigamon in the second quarter valued at about $266,000. Finally, Ameritas Investment Partners Inc. increased its position in shares of Gigamon by 13.0% in the second quarter. Ameritas Investment Partners Inc. now owns 3,172 shares of the technology company’s stock valued at $125,000 after acquiring an additional 365 shares during the last quarter. 97.97% of the stock is currently 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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