American Capital Management Inc. grew its holdings in shares of Gigamon Inc. (NYSE:GIMO) by 2.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,150,382 shares of the technology company’s stock after buying an additional 32,267 shares during the period. Gigamon accounts for about 3.0% of American Capital Management Inc.’s investment portfolio, making the stock its 11th biggest holding. American Capital Management Inc. owned 3.07% of Gigamon worth $48,489,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new position in shares of Gigamon during the second quarter valued at approximately $100,000. Ameritas Investment Partners Inc. increased its stake 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 valued at $125,000 after acquiring an additional 365 shares during the period. Creative Planning increased its stake in shares of Gigamon by 16.3% during the second quarter. Creative Planning now owns 4,070 shares of the technology company’s stock valued at $160,000 after acquiring an additional 570 shares during the period. Pinebridge Investments L.P. acquired a new position in shares of Gigamon during the second quarter valued at approximately $162,000. Finally, LS Investment Advisors LLC acquired a new position in shares of Gigamon during the second quarter valued at approximately $172,000. 99.11% of the stock is currently owned by institutional investors.
Gigamon Inc. (NYSE GIMO) traded up 0.584% on Wednesday, reaching $38.725. 335,383 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $40.23 and its 200 day moving average price is $39.43. The firm has a market capitalization of $1.45 billion, a PE ratio of 490.190 and a beta of 1.50. Gigamon Inc. has a 52-week low of $28.50 and a 52-week high of $61.25.
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. On average, analysts predict that Gigamon Inc. will post $0.77 EPS for the current fiscal year.
In other news, insider Paul B. Shinn sold 2,706 shares of the stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $39.63, for a total transaction of $107,238.78. Following the completion of the sale, the insider now owns 32,985 shares of the company’s stock, valued at $1,307,195.55. The sale was disclosed in a legal filing 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 on Tuesday, August 8th. The stock was sold at an average price of $40.68, for a total transaction of $1,220,400.00. Following the sale, the director now directly owns 16,919 shares of the company’s stock, valued at approximately $688,264.92. The disclosure for this sale can be found here. Insiders sold 122,706 shares of company stock valued at $5,144,239 in the last ninety days. Insiders own 4.50% of the company’s stock.
A number of research firms recently commented on GIMO. Needham & Company LLC lowered shares of Gigamon from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Dougherty & Co lowered shares of Gigamon from a “buy” rating to a “neutral” rating in a research note on Friday, October 27th. Stifel Nicolaus reiterated a “buy” rating and set a $48.00 price objective on shares of Gigamon in a research note on Monday, September 25th. BidaskClub lowered shares of Gigamon from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Finally, DA Davidson raised their price objective on shares of Gigamon from $40.00 to $41.00 and gave the company a “neutral” rating in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $45.09.
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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