Tactile Systems Technology, Inc. (NASDAQ:TCMD) Shares Purchased by Barclays PLC

Barclays PLC raised its stake in Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 56.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,885 shares of the company’s stock after acquiring an additional 24,188 shares during the quarter. Barclays PLC owned approximately 0.28% of Tactile Systems Technology worth $977,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Hohimer Wealth Management LLC acquired a new stake in Tactile Systems Technology during the third quarter worth approximately $320,000. Geode Capital Management LLC boosted its holdings in shares of Tactile Systems Technology by 1.5% during the third quarter. Geode Capital Management LLC now owns 558,667 shares of the company’s stock worth $8,164,000 after purchasing an additional 8,422 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Tactile Systems Technology in the third quarter valued at $163,000. Virtus Investment Advisers Inc. increased its stake in Tactile Systems Technology by 77.8% in the third quarter. Virtus Investment Advisers Inc. now owns 16,001 shares of the company’s stock valued at $234,000 after purchasing an additional 7,000 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in Tactile Systems Technology by 29.4% during the third quarter. Janus Henderson Group PLC now owns 65,316 shares of the company’s stock worth $954,000 after buying an additional 14,837 shares during the period. 83.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TCMD has been the topic of several recent analyst reports. BTIG Research lowered shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a report on Tuesday, November 5th. StockNews.com upgraded Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 8th. 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 for the company. Finally, Oppenheimer cut Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 5th.

Tactile Systems Technology Stock Performance

Shares of TCMD stock opened at $17.46 on Wednesday. Tactile Systems Technology, Inc. has a 12 month low of $11.12 and a 12 month high of $21.10. The firm has a market capitalization of $418.99 million, a P/E ratio of 26.86 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.37 and a quick ratio of 3.80. The company’s fifty day moving average price is $17.32 and its two-hundred day moving average price is $14.73.

About Tactile Systems Technology

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.