Gigamon Inc. (NYSE:GIMO) has earned a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $39.14.

GIMO has been the subject of a number of recent research reports. Needham & Company LLC restated a “buy” rating and issued a $50.00 target price on shares of Gigamon in a research note on Thursday, August 31st. ValuEngine upgraded Gigamon from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Stifel Nicolaus restated a “buy” rating and issued a $48.00 target price on shares of Gigamon in a research note on Monday, September 25th. BidaskClub upgraded Gigamon from a “sell” rating to a “hold” rating in a research note on Wednesday, August 30th. Finally, JMP Securities lowered Gigamon from an “outperform” rating to a “market perform” rating in a research note on Friday, October 6th.

In other news, SVP Paul B. Shinn sold 2,072 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $38.55, for a total transaction of $79,875.60. Following the sale, the senior vice president now owns 28,185 shares in the company, valued at $1,086,531.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ted C. Ho sold 30,000 shares of the stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $42.63, for a total value of $1,278,900.00. The disclosure for this sale can be found here. Insiders sold 92,072 shares of company stock worth $3,866,776 over the last quarter. Company insiders own 4.50% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Piedmont Investment Advisors LLC grew its holdings in shares of Gigamon by 20.7% during the third quarter. Piedmont Investment Advisors LLC now owns 8,151 shares of the technology company’s stock worth $344,000 after purchasing an additional 1,397 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Gigamon during the third quarter valued at $460,000. Granahan Investment Management Inc. MA lifted its stake in shares of Gigamon by 5.2% during the third quarter. Granahan Investment Management Inc. MA now owns 156,724 shares of the technology company’s stock valued at $6,606,000 after acquiring an additional 7,691 shares during the period. Segall Bryant & Hamill LLC lifted its stake in shares of Gigamon by 26.5% during the third quarter. Segall Bryant & Hamill LLC now owns 201,414 shares of the technology company’s stock valued at $8,490,000 after acquiring an additional 42,171 shares during the period. Finally, Senvest Management LLC lifted its stake in shares of Gigamon by 6.8% during the third quarter. Senvest Management LLC now owns 938,492 shares of the technology company’s stock valued at $39,557,000 after acquiring an additional 60,000 shares during the period. Institutional investors own 96.79% of the company’s stock.

Shares of Gigamon (GIMO) traded up $0.10 during midday trading on Thursday, hitting $38.65. The company had a trading volume of 737,400 shares, compared to its average volume of 1,098,872. Gigamon has a twelve month low of $28.50 and a twelve month high of $49.00.

Gigamon (NYSE:GIMO) last issued its earnings results on Thursday, October 26th. The technology company reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. The business had revenue of $79.20 million during the quarter, compared to analyst estimates of $84.73 million. Gigamon had a negative return on equity of 0.55% and a negative net margin of 0.32%. Gigamon’s revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 earnings per share. research analysts predict that Gigamon will post -0.12 EPS for the current fiscal year.

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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.

Analyst Recommendations for Gigamon (NYSE:GIMO)

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