The stock of Gigamon Inc (NYSE:GIMO) reached all time high today, Nov, 7 and still has $76.85 target or 34.00% above today’s $57.35 share price. This indicates more upside for the $1.94 billion company. This technical setup was reported by Barchart.com. If the $76.85 PT is reached, the company will be worth $659.60M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 795,189 shares traded hands. Gigamon Inc (NYSE:GIMO) has risen 75.03% since April 5, 2016 and is uptrending. It has outperformed by 73.08% 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. Gigamon has been the topic of 8 analyst reports since March 30, 2016 according to StockzIntelligence Inc. The rating was initiated by Stifel Nicolaus on Wednesday, March 30 with “Hold”. Needham maintained it with “Buy” rating and $58 target price in Monday, October 24 report. JMP Securities initiated Gigamon Inc (NYSE:GIMO) on Thursday, October 6 with “Market Perform” rating. Stifel Nicolaus initiated the stock with “Hold” rating in Tuesday, August 30 report. The rating was downgraded by Raymond James to “Mkt Perform” on Wednesday, October 5. The company was upgraded on Thursday, October 13 by Bank of America. The firm has “Buy” rating by Needham given on Friday, July 29. The stock has “Neutral” rating given by DA Davidson on Wednesday, October 5.
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.
Usa Financial Portformulas last reported 14,701 shares in the company. Morgan Stanley owns 111,326 shares or 0% of their US portfolio. Dana Invest has 0.11% invested in the company for 65,011 shares. Pitcairn holds 0.03% or 6,828 shares in its portfolio. Awm Investment Co accumulated 1.19% or 149,277 shares. Axa accumulated 0.01% or 70,000 shares. Moreover, Acadian Asset Ltd Co has 0.1% invested in Gigamon Inc (NYSE:GIMO) for 528,345 shares. Alyeska Investment Group L P holds 0.14% or 378,134 shares in its portfolio. Voya Management Limited Co accumulated 0% or 13,339 shares. Hood River Capital Ltd Company last reported 0.66% of its portfolio in the stock. Bancorp Of America Corp De accumulated 529,326 shares or 0% of the stock. Ao Asset Mngmt Llc holds 553,500 shares or 5.42% of its portfolio. The New York-based American Interest Inc has invested 0% in Gigamon Inc (NYSE:GIMO). Oberweis Asset Mngmt reported 285,270 shares or 3.17% of all its holdings. Dupont Capital Corp, a Delaware-based fund reported 12,241 shares.
Insider Transactions: Since May 23, 2016, the stock had 0 insider purchases, and 21 selling transactions for $28.56 million net activity. $180,950 worth of Gigamon Inc (NYSE:GIMO) was sold by Wilke Helmut. $93,060 worth of Gigamon Inc (NYSE:GIMO) shares were sold by BURNS MIKE. On Thursday, August 4 the insider Ho Ted C sold $2.92M. $3.25M worth of Gigamon Inc (NYSE:GIMO) was sold by Merchant Shehzad on Thursday, August 4. Shinn Paul B sold $6.08M worth of stock or 132,978 shares. 45,000 Gigamon Inc (NYSE:GIMO) shares with value of $2.02M were sold by Hooper Paul. The insider Sambandan Sachi sold 14,400 shares worth $446,820.
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. Streetinsider.com‘s article titled: “Form 4 Gigamon Inc. For: Nov 01 Filed by: Ho Ted C” and published on November 03, 2016 is yet another important article.
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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