Fmr LLC Grows Stock Holdings in Tactile Systems Technology, Inc. (NASDAQ:TCMD)

Fmr LLC boosted its stake in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 28.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 79,348 shares of the company’s stock after buying an additional 17,393 shares during the quarter. Fmr LLC owned 0.33% of Tactile Systems Technology worth $1,159,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its stake in shares of Tactile Systems Technology by 8.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 127,175 shares of the company’s stock worth $1,858,000 after acquiring an additional 9,485 shares in the last quarter. Gladius Capital Management LP acquired a new position in Tactile Systems Technology during the third quarter worth $44,000. Royce & Associates LP boosted its position in Tactile Systems Technology by 2.5% during the third quarter. Royce & Associates LP now owns 612,979 shares of the company’s stock worth $8,956,000 after purchasing an additional 14,780 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in Tactile Systems Technology in the third quarter valued at $180,000. Finally, Los Angeles Capital Management LLC increased its position in shares of Tactile Systems Technology by 36.6% in the third quarter. Los Angeles Capital Management LLC now owns 135,796 shares of the company’s stock valued at $1,984,000 after buying an additional 36,409 shares in the last quarter. 83.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TCMD has been the topic of several recent research reports. StockNews.com lowered shares of Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 11th. Oppenheimer downgraded shares of Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 5th. BTIG Research cut shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 5th. Finally, B. Riley started coverage on Tactile Systems Technology in a research report on Thursday, September 26th. They set a “buy” rating and a $23.00 price objective for the company.

Tactile Systems Technology Trading Down 0.1 %

Tactile Systems Technology stock opened at $17.89 on Tuesday. The stock has a 50-day moving average price of $16.06 and a 200 day moving average price of $13.92. Tactile Systems Technology, Inc. has a 52 week low of $11.12 and a 52 week high of $21.10. The stock has a market cap of $429.31 million, a PE ratio of 27.52 and a beta of 1.20. The company has a current ratio of 4.37, a quick ratio of 3.80 and a debt-to-equity ratio of 0.12.

About Tactile Systems Technology

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.