Timpani Capital Management buys $6,062,324 stake in Gigamon Inc (GIMO)

Gigamon Inc (GIMO) : Timpani Capital Management scooped up 25,661 additional shares in Gigamon Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 132,048 shares of Gigamon Inc which is valued at $6,062,324.Gigamon Inc makes up approximately 2.42% of Timpani Capital Management’s portfolio.

Other Hedge Funds, Including , Picton Mahoney Asset Management added GIMO to its portfolio by purchasing 38,900 company shares during the most recent quarter which is valued at $1,785,899. Gigamon Inc makes up approx 0.12% of Picton Mahoney Asset Management’s portfolio.Blackrock Investment Management boosted its stake in GIMO in the latest quarter, The investment management firm added 22,236 additional shares and now holds a total of 122,687 shares of Gigamon Inc which is valued at $5,632,560. Gigamon Inc makes up approx 0.01% of Blackrock Investment Management’s portfolio. Los Angeles Capital Management Equity Research Inc added GIMO to its portfolio by purchasing 15,892 company shares during the most recent quarter which is valued at $723,245. Gigamon Inc makes up approx 0.01% of Los Angeles Capital Management Equity Research Inc’s portfolio.Woodstock Corp reduced its stake in GIMO by selling 4 shares or 0.04% in the most recent quarter. The Hedge Fund company now holds 10,071 shares of GIMO which is valued at $443,930. Gigamon Inc makes up approx 0.09% of Woodstock Corp’s portfolio.

Gigamon Inc opened for trading at $45.41 and hit $46 on the upside on Tuesday, eventually ending the session at $45.48, with a gain of 1.27% or 0.57 points. The heightened volatility saw the trading volume jump to 5,07,066 shares. Company has a market cap of $1,604 M.

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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