Kingdon Capital Management L.l.c. buys $30,716,591 stake in Gigamon Inc (GIMO)

Gigamon Inc (GIMO) : Kingdon Capital Management L.l.c. scooped up 39,061 additional shares in Gigamon Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 669,061 shares of Gigamon Inc which is valued at $30,716,591.Gigamon Inc makes up approximately 2.34% of Kingdon Capital Management L.l.c.’s portfolio.

Other Hedge Funds, Including , Arrowstreet Capital Limited Partnership sold out all of its stake in GIMO during the most recent quarter. The investment firm sold 179,882 shares of GIMO which is valued $8,258,383.Tower Research Capital (trc) boosted its stake in GIMO in the latest quarter, The investment management firm added 1,906 additional shares and now holds a total of 2,106 shares of Gigamon Inc which is valued at $96,686. Gigamon Inc makes up approx 0.01% of Tower Research Capital (trc)’s portfolio. Peak6 Investments added GIMO to its portfolio by purchasing 8,215 company shares during the most recent quarter which is valued at $377,151. Gigamon Inc makes up approx 0.02% of Peak6 Investments’s portfolio. Argent Capital Management added GIMO to its portfolio by purchasing 38,950 company shares during the most recent quarter which is valued at $1,772,615. Gigamon Inc makes up approx 0.08% of Argent Capital Management’s portfolio.

Gigamon Inc closed down -0.64 points or -1.45% at $43.56 with 7,91,076 shares getting traded on Thursday. Post opening the session at $44.01, the shares hit an intraday low of $43.27 and an intraday high of $44.38 and the price fluctuated in this range throughout the day.Shares ended Thursday 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. Gigamon Inc was Resumed by Stifel to “Hold” on Aug 30, 2016. 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 .

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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