Cadence Capital Management LLC grew its stake in Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 5.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,436 shares of the company’s stock after buying an additional 2,246 shares during the period. Cadence Capital Management LLC owned 0.26% of Tactile Systems Technology worth $1,437,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of Tactile Systems Technology by 39.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,435 shares of the company’s stock valued at $127,000 after buying an additional 1,252 shares in the last quarter. Bank of America Corp DE raised its position in Tactile Systems Technology by 1,118.5% in the 1st quarter. Bank of America Corp DE now owns 6,982 shares of the company’s stock valued at $133,000 after purchasing an additional 6,409 shares during the last quarter. Bank of Montreal Can purchased a new stake in Tactile Systems Technology in the 2nd quarter valued at $146,000. Nationwide Fund Advisors raised its position in Tactile Systems Technology by 201.8% in the 2nd quarter. Nationwide Fund Advisors now owns 5,170 shares of the company’s stock valued at $148,000 after purchasing an additional 3,457 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Tactile Systems Technology by 10,882.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,468 shares of the company’s stock valued at $213,000 after purchasing an additional 7,400 shares during the last quarter. Institutional investors and hedge funds own 71.27% of the company’s stock.

In other Tactile Systems Technology news, COO Robert J. Folkes sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $33.67, for a total transaction of $50,505.00. Following the sale, the chief operating officer now directly owns 131,837 shares of the company’s stock, valued at approximately $4,438,951.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Radius Venture Partners Iii, L sold 1,000,500 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $31.02, for a total transaction of $31,035,510.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,082,205 shares of company stock worth $33,290,101. 49.90% of the stock is owned by corporate insiders.

TCMD has been the subject of several research reports. BTIG Research upgraded shares of Tactile Systems Technology from a “neutral” rating to a “buy” rating in a research report on Thursday, November 9th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Tactile Systems Technology from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Thursday, August 10th. Canaccord Genuity restated a “buy” rating and set a $37.00 price objective (up previously from $28.00) on shares of Tactile Systems Technology in a research report on Tuesday, August 8th. Guggenheim assumed coverage on shares of Tactile Systems Technology in a research report on Thursday, October 12th. They set a “buy” rating and a $47.00 price objective for the company. Finally, Northland Securities restated a “hold” rating and set a $31.50 price objective on shares of Tactile Systems Technology in a research report on Monday, October 16th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Tactile Systems Technology presently has a consensus rating of “Buy” and an average target price of $34.25.

Tactile Systems Technology, Inc. (NASDAQ TCMD) opened at $29.12 on Friday. Tactile Systems Technology, Inc. has a 12 month low of $14.37 and a 12 month high of $37.88. The firm has a market cap of $515.48 and a price-to-earnings ratio of 198.87.

Tactile Systems Technology (NASDAQ:TCMD) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.02. The business had revenue of $28.28 million for the quarter, compared to analysts’ expectations of $27.66 million. Tactile Systems Technology had a net margin of 5.84% and a return on equity of 4.75%. The business’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.01 EPS. research analysts predict that Tactile Systems Technology, Inc. will post 0.31 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This report was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another site, it was copied illegally and reposted in violation of international trademark and copyright law. The correct version of this report can be read at https://www.watchlistnews.com/tactile-systems-technology-inc-tcmd-shares-bought-by-cadence-capital-management-llc/1740745.html.

About Tactile Systems Technology

Tactile Systems Technology, Inc is a medical technology company that develops and provides medical devices for the treatment of chronic diseases at home. The Company is a manufacturer and distributor of the Flexitouch and Entre Systems, medical devices that help control symptoms of lymphedema, a chronic and progressive medical condition that is often an unintended consequence of cancer treatment, and the ACTitouch System, a medical device used to treat venous leg ulcers and chronic venous insufficiency.

Institutional Ownership by Quarter for Tactile Systems Technology (NASDAQ:TCMD)

Receive News & Ratings for Tactile Systems Technology Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tactile Systems Technology Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.