Ruggie Capital Group adds Gigamon Inc (GIMO) to its portfolio

Gigamon Inc (GIMO) : Ruggie Capital Group added new position in Gigamon Inc during the most recent quarter end. The investment management firm now holds 830 shares of Gigamon Inc which is valued at $38,105 , the company said in a statement filed on Aug 10, 2016 with the SEC.Gigamon Inc makes up approximately 0.03% of Ruggie Capital Group’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in GIMO in the latest quarter, The investment management firm added 194,041 additional shares and now holds a total of 2,882,870 shares of Gigamon Inc which is valued at $132,352,562. Gigamon Inc makes up approx 0.01% of Vanguard Group Inc’s portfolio. Penserra Capital Management added GIMO to its portfolio by purchasing 27,480 company shares during the most recent quarter which is valued at $1,250,615. Gigamon Inc makes up approx 0.16% of Penserra Capital Management’s portfolio.Teacher Retirement System Of Texas boosted its stake in GIMO in the latest quarter, The investment management firm added 1,777 additional shares and now holds a total of 3,870 shares of Gigamon Inc which is valued at $173,337.Lebenthal Lisanti Capital Growth boosted its stake in GIMO in the latest quarter, The investment management firm added 9,400 additional shares and now holds a total of 37,870 shares of Gigamon Inc which is valued at $1,707,180. Gigamon Inc makes up approx 2.37% of Lebenthal Lisanti Capital Growth’s portfolio.

Gigamon Inc closed down -0.04 points or -0.09% at $45.13 with 3,91,250 shares getting traded on Friday. Post opening the session at $44.96, the shares hit an intraday low of $44.7325 and an intraday high of $45.77 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Gigamon Inc reported $0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.24. The company had revenue of $75.10 million for the quarter, compared to analysts expectations of $70.10 million. The company’s revenue was up 46.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.

Many Wall Street Analysts have commented on Gigamon Inc. Rosenblatt Initiated Gigamon Inc on Aug 1, 2016 to “Buy”, Price Target of the shares are set at $55.Company shares were Reiterated by Needham on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 52 from a previous price target of $50 .Company shares were Reiterated by Needham on Jul 18, 2016 to “Buy”, Firm has raised the Price Target to $ 50 from a previous price target of $40 .

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.

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