Victory Capital Management Inc. Makes New $180,000 Investment in Tactile Systems Technology, Inc. (NASDAQ:TCMD)

Victory Capital Management Inc. purchased a new stake in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,298 shares of the company’s stock, valued at approximately $180,000. Victory Capital Management Inc. owned approximately 0.05% of Tactile Systems Technology at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of TCMD. Vanguard Group Inc. grew its position in Tactile Systems Technology by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 1,383,366 shares of the company’s stock valued at $22,480,000 after purchasing an additional 13,350 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Tactile Systems Technology by 7.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,371 shares of the company’s stock valued at $283,000 after acquiring an additional 1,159 shares in the last quarter. Janus Henderson Group PLC bought a new stake in shares of Tactile Systems Technology during the first quarter valued at approximately $815,000. Tidal Investments LLC purchased a new position in Tactile Systems Technology in the 1st quarter worth approximately $189,000. Finally, Accredited Investors Inc. lifted its position in Tactile Systems Technology by 3.7% in the 2nd quarter. Accredited Investors Inc. now owns 115,335 shares of the company’s stock valued at $1,377,000 after acquiring an additional 4,142 shares in the last quarter. Hedge funds and other institutional investors own 83.43% of the company’s stock.

Tactile Systems Technology Stock Performance

TCMD stock opened at $19.54 on Friday. 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, Inc. has a 1 year low of $11.12 and a 1 year high of $21.10. The company has a market cap of $468.90 million, a P/E ratio of 30.06 and a beta of 1.17. The stock’s fifty day moving average price is $15.15 and its 200-day moving average price is $13.51.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. StockNews.com downgraded Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a report on Monday, November 25th. BTIG Research cut shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 5th. B. Riley began coverage on shares of Tactile Systems Technology in a report on Thursday, September 26th. They set a “buy” rating and a $23.00 price target on the stock. Finally, Oppenheimer cut shares of Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a 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.