Crossmark Global Holdings Inc. acquired a new stake in Gigamon Inc. (NYSE:GIMO) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 14,190 shares of the technology company’s stock, valued at approximately $598,000.
Several other large investors also recently added to or reduced their stakes in GIMO. Teachers Advisors LLC increased its holdings in shares of Gigamon by 1.4% in the first quarter. Teachers Advisors LLC now owns 363,290 shares of the technology company’s stock valued at $12,915,000 after purchasing an additional 4,973 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Gigamon by 11.7% in the first quarter. Legal & General Group Plc now owns 12,723 shares of the technology company’s stock valued at $451,000 after purchasing an additional 1,328 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Gigamon by 0.5% in the first quarter. Geode Capital Management LLC now owns 231,166 shares of the technology company’s stock valued at $8,217,000 after purchasing an additional 1,173 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Gigamon by 5.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 129,996 shares of the technology company’s stock valued at $4,622,000 after purchasing an additional 6,657 shares during the last quarter. Finally, Capstone Asset Management Co. acquired a new position in shares of Gigamon in the second quarter valued at $491,000. Hedge funds and other institutional investors own 98.69% of the company’s stock.
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In other news, Director Ted C. Ho sold 15,000 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $38.68, for a total value of $580,200.00. Following the completion of the transaction, the director now owns 16,919 shares of the company’s stock, valued at $654,426.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ted C. Ho sold 30,000 shares of the stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $42.63, for a total transaction of $1,278,900.00. The disclosure for this sale can be found here. Insiders have sold 90,000 shares of company stock valued at $3,786,900 in the last ninety days. 4.50% of the stock is currently owned by company insiders.
GIMO has been the subject of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and issued a $50.00 target price on shares of Gigamon in a research report on Thursday, August 31st. ValuEngine raised shares of Gigamon from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Stifel Nicolaus reissued a “buy” rating and issued a $48.00 target price on shares of Gigamon in a research report on Monday, September 25th. BidaskClub raised shares of Gigamon from a “sell” rating to a “hold” rating in a research report on Wednesday, August 30th. Finally, Dougherty & Co raised shares of Gigamon from a “neutral” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Monday, July 31st. 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’s stock. Gigamon currently has a consensus rating of “Hold” and a consensus target price of $45.09.
Shares of Gigamon Inc. (NYSE GIMO) opened at $38.60 on Friday. Gigamon Inc. 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, October 26th. The technology company reported $0.23 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.23. Gigamon had a negative net margin of 0.32% and a negative return on equity of 0.55%. The business had revenue of $79.20 million during the quarter, compared to analysts’ expectations of $84.73 million. During the same quarter in the prior year, the business posted $0.36 earnings per share. Gigamon’s revenue was down 5.1% compared to the same quarter last year. equities analysts anticipate that Gigamon Inc. will post -0.12 earnings per share for the current year.
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.
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