In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Gigamon Inc. (NYSE:GIMO) reported that Elliott Associates, L.p. has picked up 842,048 of common stock as of 2017-05-08.
The acquisition brings the aggregate amount owned by Elliott Associates, L.p. to a total of 842,048 representing less than 2.3% stake in the company.
For those not familiar with the company, 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. Its GigaSECURE Security Delivery Platform enables security teams and information technology (IT) personnel to gain visibility into their IT infrastructure by forwarding selected traffic of interest from network, server and remote location infrastructure to security, management, analysis and compliance tools in a manner that is optimized for specific uses or functions.
A glance at Gigamon Inc. (NYSE:GIMO)’s key stats reveals a current market capitalization of 1.58 Billion based on 36.74 Million shares outstanding and a price at last close of $40.55 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-02-27, Zamarian picked up 5,706 at a purchase price of $35.05. This brings their total holding to 15,206 as of the date of the filing.
On the sell side, the most recent transaction saw Ho unload 15,000 shares at a sale price of $30.68. This brings their total holding to 160,919.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Gigamon Inc. (NYSE:GIMO) as things move forward to see if its progress aligns with these transactions.
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