Creative Planning Invests $187,000 in Tactile Systems Technology, Inc. (NASDAQ:TCMD)

Creative Planning acquired a new position in Tactile Systems Technology, Inc. (NASDAQ:TCMD) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 12,783 shares of the company’s stock, valued at approximately $187,000. Creative Planning owned approximately 0.05% of Tactile Systems Technology as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Paradigm Capital Management Inc. NY raised its position in shares of Tactile Systems Technology by 90.1% during the second quarter. Paradigm Capital Management Inc. NY now owns 1,183,800 shares of the company’s stock worth $14,135,000 after purchasing an additional 561,073 shares during the period. Pinnacle Associates Ltd. raised its position in Tactile Systems Technology by 324.9% during the second quarter. Pinnacle Associates Ltd. now owns 317,024 shares of the company’s stock valued at $3,785,000 after buying an additional 242,413 shares during the period. Essex Investment Management Co. LLC acquired a new position in Tactile Systems Technology during the third quarter valued at $1,803,000. Los Angeles Capital Management LLC acquired a new position in Tactile Systems Technology during the second quarter valued at $1,187,000. Finally, Federated Hermes Inc. raised its position in Tactile Systems Technology by 26.5% during the second 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 period. Institutional investors own 83.43% of the company’s stock.

Wall Street Analysts Forecast Growth

TCMD has been the topic of several recent analyst reports. B. Riley initiated coverage on Tactile Systems Technology in a research report on Thursday, September 26th. They set a “buy” rating and a $23.00 price target on the stock. BTIG Research lowered Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 5th. StockNews.com raised Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 20th. Finally, Oppenheimer downgraded Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 5th.

Tactile Systems Technology Stock Performance

TCMD opened at $15.96 on Tuesday. The company has a market cap of $383.04 million, a PE ratio of 23.80 and a beta of 1.17. The stock has a 50-day moving average of $14.13 and a 200-day moving average of $13.20. Tactile Systems Technology, Inc. has a 52-week low of $10.47 and a 52-week high of $16.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.89 and a current ratio of 4.37.

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.