Barclays PLC Boosts Stake in Tactile Systems Technology, Inc. (NASDAQ:TCMD)

Barclays PLC raised its holdings in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 56.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,885 shares of the company’s stock after buying an additional 24,188 shares during the quarter. Barclays PLC owned about 0.28% of Tactile Systems Technology worth $977,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Arcadia Investment Management Corp MI purchased a new position in Tactile Systems Technology during the third quarter worth about $29,000. Gladius Capital Management LP purchased a new position in Tactile Systems Technology during the third quarter worth about $44,000. Quarry LP purchased a new position in shares of Tactile Systems Technology in the 2nd quarter worth about $46,000. SG Americas Securities LLC purchased a new position in shares of Tactile Systems Technology in the 3rd quarter worth about $156,000. Finally, Magnetar Financial LLC purchased a new position in shares of Tactile Systems Technology in the 2nd quarter worth about $130,000. 83.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Oppenheimer cut Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 5th. B. Riley initiated coverage on Tactile Systems Technology in a report on Thursday, September 26th. They issued a “buy” rating and a $23.00 price objective for the company. StockNews.com raised Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 20th. Finally, BTIG Research lowered Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 5th.

Tactile Systems Technology Trading Down 0.1 %

TCMD opened at $17.23 on Tuesday. The business has a 50 day simple moving average of $16.66 and a two-hundred day simple moving average of $14.28. The firm has a market capitalization of $413.47 million, a price-to-earnings ratio of 26.51 and a beta of 1.20. 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 one year low of $11.12 and a one year high of $21.10.

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.