Could Gigamon Inc Rise More? The Stock Had Bearish Options Activity

 Could Gigamon Inc Rise More? The Stock Had Bearish Options Activity

In today’s session Gigamon Inc (GIMO) recorded an unusually high (726) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious GIMO decrease. With 726 contracts traded and 9484 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: GIMO161118P00040000 closed last at: $1 or 25% up. About 343,944 shares traded hands. Gigamon Inc (NYSE:GIMO) has risen 72.82% since March 29, 2016 and is uptrending. It has outperformed by 69.35% the S&P500.

Gigamon Inc (NYSE:GIMO) Ratings Coverage

Out of 6 analysts covering Gigamon (NYSE:GIMO), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. $59 is the highest target while $52 is the lowest. The $58.50 average target is 7.24% above today’s ($54.55) stock price. Gigamon has been the topic of 8 analyst reports since March 30, 2016 according to StockzIntelligence Inc. The stock of Gigamon Inc (NYSE:GIMO) has “Neutral” rating given on Wednesday, October 5 by DA Davidson. The company was initiated on Tuesday, August 30 by Stifel Nicolaus. The firm has “Market Perform” rating given on Thursday, October 6 by JMP Securities. The stock of Gigamon Inc (NYSE:GIMO) earned “Buy” rating by Needham on Friday, July 29. The stock of Gigamon Inc (NYSE:GIMO) earned “Buy” rating by Needham on Monday, October 24. The company was downgraded on Wednesday, October 5 by Raymond James. Stifel Nicolaus initiated the shares of GIMO in a report on Wednesday, March 30 with “Hold” rating. Bank of America upgraded the stock to “Buy” rating in Thursday, October 13 report.

According to Zacks Investment Research, “Gigamon Inc. is engaged in providing intelligent Traffic Visibility solutions for enterprises, data centers and service providers. Its products consist of GigaVUE, GigaSECURE, GigaSMART and GigaTAP products. The Company’s fabric enables information technology organizations to forward traffic from network infrastructure to management, analysis, and compliance and security tools. It has operations primarily in the United States, the rest of North America, Europe, the Middle East, Africa, and the Asia Pacific. Gigamon Inc. is headquartered in Milpitas, California.”

Insitutional Activity: The institutional sentiment decreased to 1.18 in 2016 Q2. Its down 0.12, from 1.3 in 2016Q1. The ratio dropped, as 24 funds sold all Gigamon Inc shares owned while 60 reduced positions. 35 funds bought stakes while 64 increased positions. They now own 27.20 million shares or 0.57% less from 27.35 million shares in 2016Q1.
Fairfield Bush And has 0.21% invested in the company for 15,800 shares. Springbok Capital Mgmt Ltd Llc owns 2,989 shares or 0.02% of their US portfolio. Moreover, Lord Abbett And Commerce Limited Liability Company has 0.03% invested in Gigamon Inc (NYSE:GIMO) for 225,587 shares. Millennium Mngmt Ltd Liability Com, a New York-based fund reported 689,901 shares. Principal Grp Inc, a Iowa-based fund reported 7,475 shares. Moreover, United Services Automobile Association has 0.02% invested in Gigamon Inc (NYSE:GIMO) for 139,016 shares. American Century accumulated 197,263 shares or 0.01% of the stock. Century Capital Management Limited Liability Com accumulated 1.13% or 273,469 shares. Orinda Asset Mgmt Ltd last reported 0.14% of its portfolio in the stock. Paradigm Asset Mgmt Communication Lc last reported 3,900 shares in the company. Harvest Strategies Llc holds 1.89% of its portfolio in Gigamon Inc (NYSE:GIMO) for 360,000 shares. Granahan Mgmt Inc Ma has 1.59% invested in the company for 1.17M shares. Qs Invsts Limited Liability Corporation has 0.06% invested in the company for 182,670 shares. Picton Mahoney Asset Mngmt last reported 38,900 shares in the company. Farmers & Merchants Investments Inc has invested 0% of its portfolio in Gigamon Inc (NYSE:GIMO).

Insider Transactions: Since May 2, 2016, the stock had 0 buys, and 21 insider sales for $26.22 million net activity. BURNS MIKE sold $706,609 worth of stock. Sambandan Sachi sold 4,457 shares worth $138,430. 60,000 shares were sold by Ho Ted C, worth $2.76M. Hooper Paul had sold 45,000 shares worth $2.02 million. Wilke Helmut sold $248,719 worth of stock or 8,000 shares. Another trade for 3,818 shares valued at $172,714 was made by Merchant Shehzad on Friday, August 19. Shinn Paul B sold 132,978 shares worth $6.08 million.

Gigamon Inc. offers solutions that deliver visibility and control of traffic across networks. The company has a market cap of $2.23 billion. 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. It has a 44.66 P/E ratio. The Company’s GigaSECURE Security Delivery Platform enables the delivery of network, data as a service, for multiple security tools.

GIMO Company Profile

Gigamon Inc., incorporated on January 2, 2009, 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. The Visibility Fabric solution is consisted of data center and central office physical appliances, virtual nodes in virtualized or private cloud environments and small form-factor remote site appliances that enable pervasive visibility of network infrastructures. The Company’s Visibility Fabric enables organizations to improve their cyber-security posture by leveraging the power of network visibility to establish visibility within the perimeter of their information technology (IT) infrastructure; mobile service providers to gain visibility into their IT infrastructure enabling them to reduce operational costs, and provide services for the subscribers, and IT departments to enhance the performance of their network management, analysis and compliance tools. The Visibility Fabric is deployed using its GigaVUE family of products. It has presence in the United States; Rest of Americas; Europe, Middle East and Africa, and Asia Pacific.

More news for Gigamon Inc (NYSE:GIMO) were recently published by: Fool.com, which released: “Why Gigamon Inc. Stock Spiked Today” on October 28, 2016. Schaeffersresearch.com‘s article titled: “Analyst Update: Twitter Inc, Synaptics, Incorporated, and Gigamon Inc” and published on October 28, 2016 is yet another important article.

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