Tactile Systems Technology, Inc. (NASDAQ:TCMD) Shares Bought by Fmr LLC

Fmr LLC lifted its holdings in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 28.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 79,348 shares of the company’s stock after acquiring an additional 17,393 shares during the period. Fmr LLC’s holdings in Tactile Systems Technology were worth $1,159,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Arcadia Investment Management Corp MI purchased a new position in Tactile Systems Technology during the third quarter worth about $29,000. Gladius Capital Management LP purchased a new position in shares of Tactile Systems Technology during the 3rd quarter worth about $44,000. Quarry LP purchased a new position in shares of Tactile Systems Technology during the 2nd quarter worth about $46,000. Magnetar Financial LLC acquired a new stake in shares of Tactile Systems Technology in the second quarter worth approximately $130,000. Finally, SG Americas Securities LLC purchased a new stake in Tactile Systems Technology in the third quarter valued at approximately $156,000. Institutional investors and hedge funds own 83.43% of the company’s stock.

Tactile Systems Technology Price Performance

TCMD opened at $17.89 on Tuesday. Tactile Systems Technology, Inc. has a 52-week low of $11.12 and a 52-week high of $21.10. The company has a 50 day moving average of $16.06 and a two-hundred day moving average of $13.92. The company has a market cap of $429.31 million, a P/E ratio of 27.52 and a beta of 1.20. The company has a quick ratio of 3.80, a current ratio of 4.37 and a debt-to-equity ratio of 0.12.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TCMD shares. StockNews.com downgraded shares of Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 11th. Oppenheimer lowered Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 5th. BTIG Research downgraded Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 5th. Finally, B. Riley initiated coverage on Tactile Systems Technology in a research note on Thursday, September 26th. They set a “buy” rating and a $23.00 price target for the company.

Tactile Systems Technology Company Profile

Tactile Systems Technology, Inc, a medical technology company, develops and provides medical devices to treat underserved chronic diseases in the United States. It offers Flexitouch Plus system, a pneumatic compression device for the treatment of lymphedema in the home setting; and Entre Plus System, a portable pneumatic compression device for the at-home treatment of venous disorders, such as lymphedema and chronic venous insufficiency, including venous leg ulcers.