Tactile Systems Technology, Inc. (NASDAQ:TCMD) Shares Bought by Barclays PLC

Barclays PLC raised its stake in Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 56.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 66,885 shares of the company’s stock after acquiring an additional 24,188 shares during the period. Barclays PLC’s holdings in Tactile Systems Technology were worth $977,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Bank of New York Mellon Corp lifted its holdings in Tactile Systems Technology by 14.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 182,752 shares of the company’s stock worth $2,182,000 after buying an additional 23,296 shares during the last quarter. Rhumbline Advisers boosted its holdings in Tactile Systems Technology by 11.6% in the second quarter. Rhumbline Advisers now owns 39,318 shares of the company’s stock worth $469,000 after purchasing an additional 4,099 shares during the period. American Century Companies Inc. increased its stake in Tactile Systems Technology by 59.7% during the second quarter. American Century Companies Inc. now owns 25,711 shares of the company’s stock valued at $307,000 after purchasing an additional 9,608 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of Tactile Systems Technology by 26.5% in the 2nd quarter. Federated Hermes Inc. now owns 433,660 shares of the company’s stock worth $5,178,000 after buying an additional 90,960 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new position in shares of Tactile Systems Technology in the 2nd quarter valued at about $706,000. Institutional investors own 83.43% of the company’s stock.

Tactile Systems Technology Trading Up 1.5 %

Shares of NASDAQ:TCMD opened at $17.46 on Wednesday. Tactile Systems Technology, Inc. has a twelve month low of $11.12 and a twelve month high of $21.10. The company has a current ratio of 4.37, a quick ratio of 3.80 and a debt-to-equity ratio of 0.12. The firm has a market cap of $418.99 million, a P/E ratio of 26.86 and a beta of 1.21. The company has a 50 day moving average of $17.32 and a 200-day moving average of $14.73.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TCMD shares. BTIG Research cut Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 5th. Oppenheimer downgraded Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 5th. B. Riley began coverage on Tactile Systems Technology in a research report on Thursday, September 26th. They issued a “buy” rating and a $23.00 target price on the stock. Finally, StockNews.com upgraded Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 8th.

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.