Tactile Systems Technology, Inc. (NASDAQ:TCMD) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 1.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 558,667 shares of the company’s stock after buying an additional 8,422 shares during the quarter. Geode Capital Management LLC’s holdings in Tactile Systems Technology were worth $8,164,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TCMD. Arcadia Investment Management Corp MI purchased a new stake in shares of Tactile Systems Technology in the 3rd quarter valued at $29,000. ClariVest Asset Management LLC boosted its holdings in Tactile Systems Technology by 2.9% in the second quarter. ClariVest Asset Management LLC now owns 83,195 shares of the company’s stock valued at $993,000 after purchasing an additional 2,326 shares during the last quarter. Gladius Capital Management LP acquired a new stake in 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 valued at about $46,000. Finally, Rhumbline Advisers grew its holdings in Tactile Systems Technology by 11.6% during the second quarter. Rhumbline Advisers now owns 39,318 shares of the company’s stock worth $469,000 after acquiring an additional 4,099 shares during the period. 83.43% of the stock is owned by hedge funds and other institutional investors.

Tactile Systems Technology Price Performance

TCMD stock opened at $17.12 on Friday. Tactile Systems Technology, Inc. has a 1 year low of $11.12 and a 1 year high of $21.10. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.37 and a quick ratio of 3.80. The firm has a market capitalization of $410.83 million, a PE ratio of 26.34 and a beta of 1.20. The business has a 50 day simple moving average of $16.84 and a 200-day simple moving average of $14.35.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TCMD. B. Riley began coverage on shares of Tactile Systems Technology in a research note on Thursday, September 26th. They set a “buy” rating and a $23.00 price objective on the stock. Oppenheimer downgraded shares of Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 5th. StockNews.com cut Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Finally, BTIG Research lowered Tactile Systems Technology from a “buy” rating to a “neutral” rating in a report on Tuesday, November 5th.

Tactile Systems Technology 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.