California State Teachers Retirement System trimmed its stake in shares of Gigamon Inc (NYSE:GIMO) by 8.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,932 shares of the technology company’s stock after selling 5,131 shares during the period. California State Teachers Retirement System owned about 0.16% of Gigamon worth $2,484,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new position in shares of Gigamon in the second quarter valued at approximately $100,000. Ameritas Investment Partners Inc. increased its holdings in shares of Gigamon by 13.0% in the second quarter. Ameritas Investment Partners Inc. now owns 3,172 shares of the technology company’s stock valued at $125,000 after purchasing an additional 365 shares during the last quarter. Pinebridge Investments L.P. acquired a new stake in shares of Gigamon in the second quarter valued at approximately $162,000. Tiedemann Wealth Management LLC increased its holdings in shares of Gigamon by 38.7% in the third quarter. Tiedemann Wealth Management LLC now owns 17,025 shares of the technology company’s stock valued at $184,000 after purchasing an additional 4,750 shares during the last quarter. Finally, FNY Partners Fund LP acquired a new stake in shares of Gigamon in the third quarter valued at approximately $197,000. 97.86% of the stock is currently owned by hedge funds and other institutional investors.
GIMO has been the subject of several recent research reports. Needham & Company LLC cut Gigamon from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Stifel Nicolaus cut Gigamon from a “buy” rating to a “hold” rating and cut their price target for the company from $48.00 to $38.50 in a report on Friday, October 27th. Dougherty & Co cut Gigamon from a “buy” rating to a “neutral” rating in a research note on Friday, October 27th. Finally, BidaskClub cut Gigamon from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. Gigamon currently has an average rating of “Hold” and an average price target of $41.10.
In other news, Director Ted C. Ho sold 30,000 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $38.51, for a total value of $1,155,300.00. Following the completion of the sale, the director now directly owns 16,919 shares of the company’s stock, valued at approximately $651,550.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ted C. Ho sold 15,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $38.68, for a total value of $580,200.00. Following the completion of the sale, the director now directly owns 16,919 shares of the company’s stock, valued at $654,426.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,072 shares of company stock valued at $1,815,376. 4.50% of the stock is currently owned by company insiders.
Gigamon Inc (NYSE GIMO) traded down $0.05 during trading hours on Monday, reaching $38.50. The company had a trading volume of 2,703,500 shares, compared to its average volume of 1,094,929. Gigamon Inc has a 52-week low of $28.50 and a 52-week high of $48.25.
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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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