Tactile Systems Technology, Inc. (NASDAQ:TCMD) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 8.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 127,175 shares of the company’s stock after buying an additional 9,485 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.53% of Tactile Systems Technology worth $1,858,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Paradigm Capital Management Inc. NY increased its holdings in shares of Tactile Systems Technology by 90.1% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,183,800 shares of the company’s stock valued at $14,135,000 after acquiring an additional 561,073 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of Tactile Systems Technology by 2.5% in the 3rd quarter. Royce & Associates LP now owns 612,979 shares of the company’s stock valued at $8,956,000 after buying an additional 14,780 shares during the period. Federated Hermes Inc. grew its position in shares of Tactile Systems Technology by 26.5% during the 2nd quarter. Federated Hermes Inc. now owns 433,660 shares of the company’s stock valued at $5,178,000 after buying an additional 90,960 shares during the last quarter. Pinnacle Associates Ltd. raised its stake in Tactile Systems Technology by 324.9% during the second quarter. Pinnacle Associates Ltd. now owns 317,024 shares of the company’s stock worth $3,785,000 after acquiring an additional 242,413 shares during the period. Finally, AQR Capital Management LLC grew its holdings in shares of Tactile Systems Technology by 1.9% during the second quarter. AQR Capital Management LLC now owns 269,431 shares of the company’s stock valued at $3,217,000 after purchasing an additional 4,961 shares during the last quarter. Institutional investors and hedge funds own 83.43% of the company’s stock.

Tactile Systems Technology Stock Down 0.1 %

TCMD stock opened at $17.89 on Tuesday. The company has a market capitalization of $429.31 million, a price-to-earnings 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. Tactile Systems Technology, Inc. has a 52 week low of $11.12 and a 52 week high of $21.10. The firm’s 50-day moving average is $16.06 and its two-hundred day moving average is $13.92.

Wall Street Analyst Weigh In

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