Rhumbline Advisers Increases Stake in Gigamon Inc. (GIMO)

Rhumbline Advisers lifted its stake in shares of Gigamon Inc. (NYSE:GIMO) by 10.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,702 shares of the technology company’s stock after purchasing an additional 6,815 shares during the period. Rhumbline Advisers owned approximately 0.19% of Gigamon worth $3,064,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Alps Advisors Inc. lifted its position in shares of Gigamon by 0.3% during the second quarter. Alps Advisors Inc. now owns 13,980 shares of the technology company’s stock worth $550,000 after purchasing an additional 36 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Gigamon by 1.3% during the second quarter. Nisa Investment Advisors LLC now owns 11,310 shares of the technology company’s stock worth $432,000 after purchasing an additional 150 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Gigamon by 13.0% during the second quarter. Ameritas Investment Partners Inc. now owns 3,172 shares of the technology company’s stock worth $125,000 after purchasing an additional 365 shares in the last quarter. Creative Planning lifted its position in shares of Gigamon by 16.3% during the second quarter. Creative Planning now owns 4,070 shares of the technology company’s stock worth $160,000 after purchasing an additional 570 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its position in shares of Gigamon by 2.7% during the second quarter. New York State Common Retirement Fund now owns 49,249 shares of the technology company’s stock worth $1,938,000 after purchasing an additional 1,317 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

In other Gigamon news, SVP Paul B. Shinn sold 2,072 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $38.55, for a total value of $79,875.60. Following the completion of the sale, the senior vice president now owns 28,185 shares of the company’s stock, valued at $1,086,531.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ted C. Ho sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $42.99, for a total transaction of $1,289,700.00. Following the completion of the sale, the director now directly owns 16,919 shares of the company’s stock, valued at approximately $727,347.81. The disclosure for this sale can be found here. Insiders sold 92,072 shares of company stock valued at $3,866,776 in the last ninety days. Insiders own 4.50% of the company’s stock.

Gigamon Inc. (NYSE GIMO) opened at $38.55 on Friday. Gigamon Inc. has a twelve month low of $28.50 and a twelve month high of $50.35.

Gigamon (NYSE:GIMO) last issued its earnings results on Thursday, October 26th. The technology company reported $0.23 EPS for the quarter, meeting 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 firm had revenue of $79.20 million during the quarter, compared to the consensus estimate of $84.73 million. During the same quarter in the prior year, the firm earned $0.36 earnings per share. The business’s quarterly revenue was down 5.1% on a year-over-year basis. equities analysts forecast that Gigamon Inc. will post -0.12 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on GIMO shares. ValuEngine upgraded shares of Gigamon from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Needham & Company LLC restated a “buy” rating and issued a $50.00 price objective on shares of Gigamon in a report on Thursday, August 31st. BidaskClub upgraded shares of Gigamon from a “sell” rating to a “hold” rating in a report on Wednesday, August 30th. Stifel Nicolaus restated a “buy” rating and issued a $48.00 price objective on shares of Gigamon in a report on Tuesday, September 12th. Finally, JMP Securities lowered shares of Gigamon from an “outperform” rating to a “market perform” rating in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $45.09.

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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.

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Institutional Ownership by Quarter for Gigamon (NYSE:GIMO)

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