Schwab Charles Investment Management Inc. raised its position in Gigamon Inc. (NYSE:GIMO) by 5.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,996 shares of the technology company’s stock after buying an additional 6,657 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Gigamon were worth $4,622,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Ameritas Investment Partners Inc. purchased a new position in Gigamon during the first quarter valued at about $100,000. Creative Planning increased its position in Gigamon by 8.7% in the first quarter. Creative Planning now owns 3,500 shares of the technology company’s stock valued at $124,000 after buying an additional 279 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Gigamon by 154.0% in the first quarter. BNP Paribas Arbitrage SA now owns 3,693 shares of the technology company’s stock valued at $131,000 after buying an additional 2,239 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Gigamon by 28.4% in the first quarter. Envestnet Asset Management Inc. now owns 6,105 shares of the technology company’s stock valued at $216,000 after buying an additional 1,350 shares in the last quarter. Finally, Juncture Wealth Strategies LLC purchased a new position in Gigamon during the first quarter valued at about $232,000. Institutional investors and hedge funds own 80.77% of the company’s stock.

Gigamon Inc. (NYSE:GIMO) traded up 1.02% on Friday, hitting $39.50. The stock had a trading volume of 387,071 shares. Gigamon Inc. has a 1-year low of $28.50 and a 1-year high of $61.25. The company’s 50 day moving average is $39.40 and its 200-day moving average is $36.73. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 500.00 and a beta of 1.53.

Gigamon (NYSE:GIMO) last issued its quarterly earnings results on Thursday, July 27th. The technology company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.12. The business had revenue of $69.10 million for the quarter, compared to analyst estimates of $71.36 million. Gigamon had a return on equity of 0.41% and a net margin of 0.95%. Gigamon’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 EPS. On average, analysts forecast that Gigamon Inc. will post $0.79 EPS for the current year.

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GIMO has been the topic of several research reports. Zacks Investment Research downgraded Gigamon from a “hold” rating to a “sell” rating in a report on Wednesday, June 14th. Bank of America Corporation reaffirmed a “neutral” rating and set a $43.00 price objective (up previously from $33.00) on shares of Gigamon in a report on Thursday, June 22nd. Needham & Company LLC upped their price objective on Gigamon from $34.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, June 5th. William Blair downgraded Gigamon from an “outperform” rating to a “market perform” rating in a report on Friday, April 28th. Finally, Rosenblatt Securities reaffirmed a “hold” rating and set a $40.00 price objective on shares of Gigamon in a report on Sunday, April 30th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $45.38.

In other news, insider Paul B. Shinn sold 3,185 shares of Gigamon stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $38.90, for a total transaction of $123,896.50. Following the transaction, the insider now owns 35,974 shares in the company, valued at $1,399,388.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ted C. Ho sold 15,000 shares of Gigamon stock in a transaction on Monday, August 7th. The stock was sold at an average price of $40.66, for a total transaction of $609,900.00. Following the transaction, the director now owns 16,919 shares in the company, valued at approximately $687,926.54. The disclosure for this sale can be found here. In the last quarter, insiders have sold 178,964 shares of company stock worth $7,198,298. 4.50% of the stock is owned by company insiders.

About Gigamon

Gigamon Inc offers a solution that delivers visibility and control of data-in-motion traversing enterprise, federal and service provider networks. The Company’s Visibility Platform consists of a distributed system of nodes (that in combination establish a Visibility Fabric). The Visibility Platform includes physical appliances and virtual nodes that can be deployed in data centers, central offices, virtualized/private cloud/public cloud environments, and small form-factor remote site appliances, which in combination enable pervasive visibility of network infrastructures.

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Institutional Ownership by Quarter for Gigamon (NYSE:GIMO)

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