Gigamon Inc. (NYSE:GIMO) CFO Mike Burns sold 2,068 shares of Gigamon stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $54.24, for a total value of $112,168.32. Following the completion of the transaction, the chief financial officer now owns 78,705 shares in the company, valued at $4,268,959.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Mike Burns also recently made the following trade(s):
On Monday, September 19th, Mike Burns sold 1,000 shares of Gigamon stock. The stock was sold at an average price of $52.10, for a total value of $52,100.00.
On Monday, August 22nd, Mike Burns sold 2,068 shares of Gigamon stock. The stock was sold at an average price of $45.00, for a total value of $93,060.00.
On Thursday, August 18th, Mike Burns sold 3,480 shares of Gigamon stock. The stock was sold at an average price of $45.16, for a total value of $157,156.80.
On Monday, August 1st, Mike Burns sold 3,068 shares of Gigamon stock. The stock was sold at an average price of $45.41, for a total value of $139,317.88.
On Monday, July 11th, Mike Burns sold 16,000 shares of Gigamon stock. The stock was sold at an average price of $40.00, for a total value of $640,000.00.
Shares of Gigamon Inc. (NYSE:GIMO) opened at 53.60 on Friday. Gigamon Inc. has a 52-week low of $18.93 and a 52-week high of $55.00. The company’s 50-day moving average price is $46.89 and its 200-day moving average price is $37.04. The firm has a market cap of $1.89 billion, a PE ratio of 46.37 and a beta of 1.83.
Gigamon (NYSE:GIMO) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.06. Gigamon had a return on equity of 6.28% and a net margin of 16.46%. The firm had revenue of $75.10 million for the quarter, compared to the consensus estimate of $70.10 million. During the same quarter in the prior year, the business earned $0.16 EPS. The business’s revenue for the quarter was up 46.1% compared to the same quarter last year. Equities analysts expect that Gigamon Inc. will post $1.17 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on the company. William Blair restated an “outperform” rating on shares of Gigamon in a report on Wednesday, September 14th. Needham & Company LLC restated a “buy” rating and issued a $52.00 target price on shares of Gigamon in a report on Wednesday, September 7th. Stifel Nicolaus initiated coverage on Gigamon in a report on Tuesday, August 30th. They set a “hold” rating on the stock. Zacks Investment Research downgraded Gigamon from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Finally, Rosenblatt Securities initiated coverage on Gigamon in a report on Monday, August 1st. They set a “buy” rating and a $55.00 price target on the stock. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Gigamon currently has an average rating of “Buy” and a consensus price target of $49.00.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. HBK Investments L P increased its position in Gigamon by 96.5% in the first quarter. HBK Investments L P now owns 56,600 shares of the company’s stock worth $1,756,000 after buying an additional 27,789 shares during the period. Friess Associates LLC bought a new position in Gigamon during the first quarter worth $4,188,000. Geode Capital Management LLC increased its position in Gigamon by 13.8% in the first quarter. Geode Capital Management LLC now owns 187,204 shares of the company’s stock worth $5,806,000 after buying an additional 22,694 shares during the period. Nicholas Investment Partners LP bought a new position in Gigamon during the first quarter worth $2,305,000. Finally, UBS Asset Management Americas Inc. increased its position in Gigamon by 37.2% in the first quarter. UBS Asset Management Americas Inc. now owns 526,032 shares of the company’s stock worth $16,318,000 after buying an additional 142,519 shares during the period. 78.33% of the stock is currently owned by institutional investors.
Gigamon Company Profile
Gigamon Inc offers solutions that deliver visibility and control of traffic across networks. The Company’s Visibility Fabric solution consists of a distributed system of nodes that enable a level of visibility, modification and control of network traffic. Its GigaSECURE Security Delivery Platform enables the delivery of network, data as a service, for multiple security tools.