1,402,590 Shares in Gigamon Inc. (GIMO) Purchased by Nomura Holdings Inc.

Nomura Holdings Inc. purchased a new position in shares of Gigamon Inc. (NYSE:GIMO) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 1,402,590 shares of the technology company’s stock, valued at approximately $55,350,000. Nomura Holdings Inc. owned approximately 3.75% of Gigamon at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new stake in shares of Gigamon during the 2nd quarter worth about $100,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Gigamon during the 1st quarter worth about $100,000. BNP Paribas Arbitrage SA raised its stake in shares of Gigamon by 154.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,693 shares of the technology company’s stock worth $131,000 after purchasing an additional 2,239 shares in the last quarter. Creative Planning raised its stake in shares of Gigamon by 16.3% during the 2nd 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, Pinebridge Investments L.P. purchased a new stake in shares of Gigamon during the 2nd quarter worth about $162,000. 97.84% of the stock is owned by institutional investors.

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In other Gigamon news, Director Ted C. Ho sold 30,000 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $688,264.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ted C. Ho sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $40.66, for a total value of $609,900.00. Following the completion of the sale, the director now owns 16,919 shares in the company, valued at approximately $687,926.54. The disclosure for this sale can be found here. Insiders sold 122,706 shares of company stock worth $5,144,239 in the last 90 days. Corporate insiders own 4.50% of the company’s stock.

A number of equities research analysts have recently weighed in on GIMO shares. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price target on shares of Gigamon in a research note on Monday, June 19th. BidaskClub downgraded Gigamon from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Bank of America Corporation reaffirmed a “neutral” rating and set a $43.00 price target (up from $33.00) on shares of Gigamon in a research note on Thursday, June 22nd. DA Davidson raised their price objective on Gigamon from $40.00 to $41.00 and gave the company a “neutral” rating in a research note on Friday, July 28th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $48.00 price objective on shares of Gigamon in a research note on Sunday, July 30th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $45.95.

Shares of Gigamon Inc. (GIMO) traded down 2.26% on Tuesday, hitting $38.90. The company had a trading volume of 343,504 shares. The firm has a market capitalization of $1.46 billion, a P/E ratio of 492.41 and a beta of 1.50. Gigamon Inc. has a 12-month low of $28.50 and a 12-month high of $61.25. The firm has a 50 day moving average of $42.42 and a 200-day moving average of $39.19.

Gigamon (NYSE:GIMO) last released its quarterly earnings data 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). The business had revenue of $69.10 million during the quarter, compared to the consensus estimate of $71.36 million. Gigamon had a net margin of 0.95% and a return on equity of 0.41%. Gigamon’s quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 EPS. On average, equities analysts predict that Gigamon Inc. will post $0.79 EPS for the current year.

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.

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Institutional Ownership by Quarter for Gigamon (NYSE:GIMO)

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