Form SC 13D Gigamon Inc. Filed by: ELLIOTT ASSOCIATES, L.P.
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Gigamon (GIMO) PT Raised to $45 at Stifel Following Activist Stake
May 8, 2017 12:32 PM EDTStifel raised its price target on Gigamon (NYSE: GIMO) to $45.00 (from $39.00) while maintaining a Buy rating after Elliott Associates disclosed a 15.3% stake.
Analyst Patrick Newton notes the acquisition of a large stake could explain the recent appreciation of shares, which have increased... More
Gigamon (GIMO) Gains as Elliott Takes New 15.3% Stake
May 8, 2017 9:41 AM EDTShares of Gigamon (NYSE: GIMO) are up 11% in early trade Monday after activist hedge fund Elliott Associates disclosed a 15.3% stake in the company, including derivatives.
Item 4. Purpose of Transaction.
The Reporting Persons believe the securities of the Issuer are significantly undervalued and represent an... More
