The stock of Gigamon Inc (NYSE:GIMO) is a huge mover today! The stock increased 7.03% or $3.8 during the last trading session, hitting $57.85. About 1.19 million shares traded hands or 28.62% up from the average. Gigamon Inc (NYSE:GIMO) has risen 75.03% since April 5, 2016 and is uptrending. It has outperformed by 73.08% the S&P500.
The move comes after 7 months positive chart setup for the $1.95 billion company. It was reported on Nov, 7 by Barchart.com. We have $90.82 PT which if reached, will make NYSE:GIMO worth $1.11B more.
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. Gigamon has been the topic of 8 analyst reports since March 30, 2016 according to StockzIntelligence Inc. The firm has “Hold” rating given on Tuesday, August 30 by Stifel Nicolaus. The company was initiated on Thursday, October 6 by JMP Securities. The rating was downgraded by Raymond James on Wednesday, October 5 to “Mkt Perform”. The stock of Gigamon Inc (NYSE:GIMO) has “Buy” rating given on Friday, July 29 by Needham. The stock has “Buy” rating given by Bank of America on Thursday, October 13. Needham maintained Gigamon Inc (NYSE:GIMO) on Monday, October 24 with “Buy” rating. The stock of Gigamon Inc (NYSE:GIMO) has “Hold” rating given on Wednesday, March 30 by Stifel Nicolaus. The firm earned “Neutral” rating on Wednesday, October 5 by DA Davidson.
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 turned negative, 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 & owns 15,800 shares or 0.21% of their US portfolio. Oberweis Asset Management accumulated 3.17% or 285,270 shares. Tudor Invest Et Al holds 17,105 shares or 0.01% of its portfolio. Nordea Inv Ab has 0% invested in the company for 15,103 shares. Blackrock Institutional Trust Com Na, a California-based fund reported 878,818 shares. Moreover, Geode Cap Management Ltd has 0% invested in Gigamon Inc (NYSE:GIMO) for 199,248 shares. Strs Ohio has 16,800 shares for 0% of their US portfolio. Woodstock accumulated 0.08% or 10,071 shares. Renaissance Ltd Com reported 1.26M shares or 0.09% of all its holdings. National Bank & Trust Of Nova Scotia, a Ontario – Canada-based fund reported 6,015 shares. Da Davidson And Commerce holds 0% or 840 shares in its portfolio. Shellback Capital Lp has 0.47% invested in the company for 97,518 shares. Panagora Asset, a Massachusetts-based fund reported 279,048 shares. Envestnet Asset Mgmt has 0% invested in the company for 6,056 shares. Renaissance Gp last reported 0.02% of its portfolio in the stock.
Insider Transactions: Since May 23, 2016, the stock had 0 buys, and 21 insider sales for $28.56 million net activity. 8,000 shares were sold by Wilke Helmut, worth $248,719 on Thursday, May 26. Shares for $139,318 were sold by BURNS MIKE on Monday, August 1. Shares for $2.76 million were sold by Ho Ted C on Thursday, September 8. Shinn Paul B sold $6.08M worth of stock or 132,978 shares. $172,714 worth of Gigamon Inc (NYSE:GIMO) shares were sold by Merchant Shehzad. 4,457 Gigamon Inc (NYSE:GIMO) shares with value of $138,430 were sold by Sambandan Sachi. Shares for $2.02M were sold by Hooper Paul on Monday, August 1.
Another recent and important Gigamon Inc (NYSE:GIMO) news was published by Fool.com which published an article titled: “Why Gigamon Inc. Stock Spiked Today” on October 28, 2016.
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.
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