37,326 Shares in Tactile Systems Technology, Inc. (NASDAQ:TCMD) Acquired by Axa S.A.

Axa S.A. bought a new stake in Tactile Systems Technology, Inc. (NASDAQ:TCMD) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 37,326 shares of the company’s stock, valued at approximately $446,000. Axa S.A. owned 0.16% of Tactile Systems Technology as of its most recent SEC filing.

Several other large investors have also modified their holdings of TCMD. Palisade Asset Management LLC purchased a new stake in Tactile Systems Technology in the 1st quarter valued at about $32,000. Magnetar Financial LLC acquired a new stake in shares of Tactile Systems Technology during the second quarter valued at about $130,000. RiverPark Advisors LLC raised its stake in shares of Tactile Systems Technology by 802.5% in the 1st quarter. RiverPark Advisors LLC now owns 8,610 shares of the company’s stock valued at $140,000 after acquiring an additional 7,656 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of Tactile Systems Technology in the 1st quarter worth approximately $166,000. Finally, Cornerstone Investment Partners LLC purchased a new position in shares of Tactile Systems Technology during the 1st quarter worth approximately $167,000. Institutional investors and hedge funds own 83.43% of the company’s stock.

Tactile Systems Technology Trading Down 2.1 %

NASDAQ TCMD opened at $14.30 on Wednesday. Tactile Systems Technology, Inc. has a one year low of $9.69 and a one year high of $16.95. The firm has a 50 day simple moving average of $13.25 and a 200-day simple moving average of $13.40. The firm has a market cap of $339.77 million, a price-to-earnings ratio of 11.92 and a beta of 1.17. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.89 and a current ratio of 4.44.

Tactile Systems Technology (NASDAQ:TCMD) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.10 by $0.10. The business had revenue of $73.22 million during the quarter, compared to the consensus estimate of $72.62 million. Tactile Systems Technology had a net margin of 11.57% and a return on equity of 16.94%. Equities research analysts anticipate that Tactile Systems Technology, Inc. will post 0.64 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. StockNews.com raised Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 20th. B. Riley began coverage on Tactile Systems Technology in a report on Thursday, September 26th. They issued a “buy” rating and a $23.00 price objective on the stock.

Tactile Systems Technology Company 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.