Thrivent Financial For Lutherans Invests $743,000 in Gigamon Inc. (GIMO)

Thrivent Financial For Lutherans purchased a new position in Gigamon Inc. (NYSE:GIMO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 18,885 shares of the technology company’s stock, valued at approximately $743,000. Thrivent Financial For Lutherans owned about 0.05% of Gigamon at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in GIMO. Ameritas Investment Partners Inc. purchased a new position in shares of Gigamon in the 1st quarter worth $100,000. BNP Paribas Arbitrage SA boosted its stake in shares of Gigamon by 154.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,693 shares of the technology company’s stock worth $131,000 after buying an additional 2,239 shares during the last quarter. Creative Planning boosted its stake in shares of Gigamon by 16.3% in the 2nd quarter. Creative Planning now owns 4,070 shares of the technology company’s stock worth $160,000 after buying an additional 570 shares during the last quarter. LS Investment Advisors LLC purchased a new position in shares of Gigamon in the 2nd quarter worth $172,000. Finally, FNY Managed Accounts LLC purchased a new position in shares of Gigamon in the 1st quarter worth $213,000. Hedge funds and other institutional investors own 97.84% of the company’s stock.

Shares of Gigamon Inc. (GIMO) opened at 38.80 on Wednesday. The firm’s 50-day moving average price is $42.40 and its 200-day moving average price is $39.22. The company has a market capitalization of $1.45 billion, a PE ratio of 491.14 and a beta of 1.50. Gigamon Inc. has a 12-month low of $28.50 and a 12-month high of $61.25.

Gigamon (NYSE:GIMO) last posted its earnings results on Thursday, July 27th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.12). Gigamon had a return on equity of 0.41% and a net margin of 0.95%. The firm had revenue of $69.10 million for the quarter, compared to analysts’ expectations of $71.36 million. During the same period in the previous year, the company earned $0.30 earnings per share. The company’s revenue was down 8.0% compared to the same quarter last year. On average, analysts expect that Gigamon Inc. will post $0.79 EPS for the current fiscal year.

In other news, insider Paul B. Shinn sold 2,706 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $39.63, for a total transaction of $107,238.78. Following the sale, the insider now directly owns 32,985 shares of the company’s stock, valued at approximately $1,307,195.55. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ted C. Ho sold 15,000 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $42.54, for a total transaction of $638,100.00. Following the sale, the director now directly owns 16,919 shares in the company, valued at $719,734.26. The disclosure for this sale can be found here. Over the last three months, insiders have sold 122,706 shares of company stock worth $5,144,239. Corporate insiders own 4.50% of the company’s stock.

A number of equities analysts recently commented on GIMO shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 target price on shares of Gigamon in a report on Monday, June 19th. BidaskClub raised Gigamon from a “sell” rating to a “hold” rating in a report on Wednesday, August 30th. ValuEngine raised Gigamon from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $48.00 target price on shares of Gigamon in a report on Tuesday, September 12th. Finally, Bank of America Corporation reaffirmed a “neutral” rating and issued a $43.00 target price (up from $33.00) on shares of Gigamon in a report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Gigamon currently has a consensus rating of “Hold” and a consensus target price of $45.95.

ILLEGAL ACTIVITY WARNING: “Thrivent Financial For Lutherans Invests $743,000 in Gigamon Inc. (GIMO)” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at https://ledgergazette.com/2017/10/11/thrivent-financial-for-lutherans-invests-743000-in-gigamon-inc-gimo.html.

Gigamon Profile

Gigamon Inc offers a solution that delivers visibility and control of

Several other hedge funds have also recently added to or reduced their stakes in GIMO. Ameritas Investment Partners Inc. purchased a new position in shares of Gigamon in the 1st quarter worth $100,000. BNP Paribas Arbitrage SA boosted its stake in shares of Gigamon by 154.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,693 shares of the technology company’s stock worth $131,000 after buying an additional 2,239 shares during the last quarter. Creative Planning boosted its stake in shares of Gigamon by 16.3% in the 2nd quarter. Creative Planning now owns 4,070 shares of the technology company’s stock worth $160,000 after buying an additional 570 shares during the last quarter. LS Investment Advisors LLC purchased a new position in shares of Gigamon in the 2nd quarter worth $172,000. Finally, FNY Managed Accounts LLC purchased a new position in shares of Gigamon in the 1st quarter worth $213,000. Hedge funds and other institutional investors own 97.84% of the company’s stock.

Shares of Gigamon Inc. (GIMO) opened at 38.80 on Wednesday. The firm’s 50-day moving average price is $42.40 and its 200-day moving average price is $39.22. The company has a market capitalization of $1.45 billion, a PE ratio of 491.14 and a beta of 1.50. Gigamon Inc. has a 12-month low of $28.50 and a 12-month high of $61.25.

Gigamon (NYSE:GIMO) last posted its earnings results on Thursday, July 27th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.12). Gigamon had a return on equity of 0.41% and a net margin of 0.95%. The firm had revenue of $69.10 million for the quarter, compared to analysts’ expectations of $71.36 million. During the same period in the previous year, the company earned $0.30 earnings per share. The company’s revenue was down 8.0% compared to the same quarter last year. On average, analysts expect that Gigamon Inc. will post $0.79 EPS for the current fiscal year.

In other news, insider Paul B. Shinn sold 2,706 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $39.63, for a total transaction of $107,238.78. Following the sale, the insider now directly owns 32,985 shares of the company’s stock, valued at approximately $1,307,195.55. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ted C. Ho sold 15,000 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $42.54, for a total transaction of $638,100.00. Following the sale, the director now directly owns 16,919 shares in the company, valued at $719,734.26. The disclosure for this sale can be found here. Over the last three months, insiders have sold 122,706 shares of company stock worth $5,144,239. Corporate insiders own 4.50% of the company’s stock.

A number of equities analysts recently commented on GIMO shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 target price on shares of Gigamon in a report on Monday, June 19th. BidaskClub raised Gigamon from a “sell” rating to a “hold” rating in a report on Wednesday, August 30th. ValuEngine raised Gigamon from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $48.00 target price on shares of Gigamon in a report on Tuesday, September 12th. Finally, Bank of America Corporation reaffirmed a “neutral” rating and issued a $43.00 target price (up from $33.00) on shares of Gigamon in a report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Gigamon currently has a consensus rating of “Hold” and a consensus target price of $45.95.

ILLEGAL ACTIVITY WARNING: “Thrivent Financial For Lutherans Invests $743,000 in Gigamon Inc. (GIMO)” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at https://ledgergazette.com/2017/10/11/thrivent-financial-for-lutherans-invests-743000-in-gigamon-inc-gimo.html.

Gigamon 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.

Institutional Ownership by Quarter for Gigamon (NYSE:GIMO)

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