Stifel analyst Patrick Newton raised his price target on Gigamon after activist investor Elliott Associates announced that it had obtained a 15.3% stake in the company. Newton says that "a number of companies" in which Elliott obtained a stake were later sold. He thinks that Elliott will push Gigamon to sell assets, and he says that "test and measurement companies and networking switch companies," along with private equity firms, are potential acquirers of Gigamon. The analyst raised his price target on the stock to $45 from $39 and keeps a Buy rating on the shares.