Jane Street Group LLC Cuts Position in Tactile Systems Technology, Inc. (NASDAQ:TCMD)

Jane Street Group LLC reduced its position in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 54.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,557 shares of the company’s stock after selling 25,854 shares during the period. Jane Street Group LLC owned about 0.09% of Tactile Systems Technology worth $315,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of TCMD. Arcadia Investment Management Corp MI purchased a new position in Tactile Systems Technology during the 3rd quarter valued at about $29,000. ClariVest Asset Management LLC increased its stake in Tactile Systems Technology by 2.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 83,195 shares of the company’s stock worth $993,000 after buying an additional 2,326 shares during the period. Gladius Capital Management LP acquired a new stake in Tactile Systems Technology during the 3rd quarter worth approximately $44,000. Quarry LP purchased a new position in Tactile Systems Technology in the 2nd quarter valued at approximately $46,000. Finally, Rhumbline Advisers increased its position in shares of 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 institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on TCMD shares. Oppenheimer cut Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research note 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 on the stock. StockNews.com upgraded shares of Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Finally, BTIG Research downgraded shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 5th.

Tactile Systems Technology Price Performance

Shares of TCMD opened at $17.57 on Friday. The firm has a fifty day moving average price of $17.14 and a 200 day moving average price of $14.56. The stock has a market cap of $421.63 million, a PE ratio of 27.03 and a beta of 1.21. 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.

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.