Gigamon Inc (GIMO) : Strs Ohio reduced its stake in Gigamon Inc by 15.23% during the most recent quarter end. The investment management company now holds a total of 25,600 shares of Gigamon Inc which is valued at $802,048 after selling 4,600 shares in Gigamon Inc , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Gigamon Inc makes up approximately 0.05% of Strs Ohio’s portfolio.
Gigamon Inc closed down -0.18 points or -0.58% at $30.98 with 3,95,193 shares getting traded on Wednesday. Post opening the session at $30.82, the shares hit an intraday low of $30.5601 and an intraday high of $31.22 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Boston Advisors added GIMO to its portfolio by purchasing 21,525 company shares during the most recent quarter which is valued at $674,378. Gigamon Inc makes up approx 0.02% of Boston Advisors’s portfolio.Acadian Asset Management boosted its stake in GIMO in the latest quarter, The investment management firm added 454,494 additional shares and now holds a total of 1,042,373 shares of Gigamon Inc which is valued at $30,270,512. Gigamon Inc makes up approx 0.15% of Acadian Asset Management’s portfolio.Hamilton Lane Advisors reduced its stake in GIMO by selling 19,274 shares or 66.85% in the most recent quarter. The Hedge Fund company now holds 9,559 shares of GIMO which is valued at $277,593. Gigamon Inc makes up approx 0.13% of Hamilton Lane Advisors’s portfolio. Central Trust Co added GIMO to its portfolio by purchasing 1,665 company shares during the most recent quarter which is valued at $48,352. Creative Planning added GIMO to its portfolio by purchasing 134 company shares during the most recent quarter which is valued at $3,929.
On the company’s financial health, Gigamon Inc reported $0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $0.23. The company had revenue of $67.02 million for the quarter, compared to analysts expectations of $62.76 million. The company’s revenue was up 30.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.
Many Wall Street Analysts have commented on Gigamon Inc. Gigamon Inc was Initiated by Stifel to “Hold” on Mar 30, 2016.
Gigamon Inc. offers a solution that delivers visibility and control of traffic across networks. The Company’s Unified Visibility Fabric solution consists of a distributed system of nodes (or a Fabric) that enables a level of visibility modification and control of network traffic. The Visibility Fabric spans physical appliances virtual nodes and traffic from remote sites to enable visibility of network infrastructures. Its Fabric enables IT organizations to gain visibility into infrastructure by forwarding selected traffic of interest from network and server infrastructure to management analysis compliance and security tools. Its product offering includes a single product family comprising its GigaVUE GigaSECURE GigaSMART and GigaTAP products. Its GigaSMART platform provides a range of software applications to modify manipulate transform filter correlate and sample network traffic.