Tactile Systems Technology, Inc. (TCMD) Shares Bought by Teachers Advisors LLC
Teachers Advisors LLC raised its position in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 274.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,511 shares of the company’s stock after acquiring an additional 12,101 shares during the quarter. Teachers Advisors LLC owned approximately 0.10% of Tactile Systems Technology worth $472,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in TCMD. JPMorgan Chase & Co. increased its holdings in shares of Tactile Systems Technology by 39.3% in the second quarter. JPMorgan Chase & Co. now owns 4,435 shares of the company’s stock valued at $127,000 after purchasing an additional 1,252 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Tactile Systems Technology by 1,118.5% in the first 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 acquired a new stake in shares of Tactile Systems Technology in the second quarter valued at approximately $146,000. White Pine Capital LLC acquired a new stake in shares of Tactile Systems Technology in the second quarter valued at approximately $254,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Tactile Systems Technology by 33.7% in the first quarter. Bank of New York Mellon Corp now owns 13,805 shares of the company’s stock valued at $262,000 after purchasing an additional 3,480 shares during the last quarter. 49.63% of the stock is owned by institutional investors and hedge funds.
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Shares of Tactile Systems Technology, Inc. (NASDAQ TCMD) opened at $25.23 on Monday. The stock has a market capitalization of $446.62, a price-to-earnings ratio of 168.20, a price-to-earnings-growth ratio of 4.85 and a beta of -0.57. Tactile Systems Technology, Inc. has a one year low of $14.37 and a one year high of $37.88.
Tactile Systems Technology (NASDAQ:TCMD) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. Tactile Systems Technology had a return on equity of 4.75% and a net margin of 5.84%. The business had revenue of $28.28 million during the quarter, compared to analyst estimates of $27.66 million. During the same period last year, the business posted $0.01 earnings per share. The company’s quarterly revenue was up 25.0% on a year-over-year basis. research analysts anticipate that Tactile Systems Technology, Inc. will post 0.26 earnings per share for the current fiscal year.
Several equities research analysts recently commented on TCMD shares. Northland Securities reaffirmed a “hold” rating and issued a $31.50 price target on shares of Tactile Systems Technology in a report on Monday, October 16th. ValuEngine raised Tactile Systems Technology from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Zacks Investment Research cut Tactile Systems Technology from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Canaccord Genuity reissued a “buy” rating and set a $37.00 target price (up previously from $28.00) on shares of Tactile Systems Technology in a research note on Tuesday, August 8th. Finally, BTIG Research raised Tactile Systems Technology from a “neutral” rating to a “buy” rating in a research note on Thursday. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $34.25.
In other news, Director Kevin H. Roche sold 25,000 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $32.37, for a total transaction of $809,250.00. Following the completion of the transaction, the director now directly owns 145,772 shares in the company, valued at $4,718,639.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Bryan Rishe sold 1,500 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $27.21, for a total value of $40,815.00. Following the transaction, the vice president now owns 105,307 shares of the company’s stock, valued at $2,865,403.47. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,048,547 shares of company stock valued at $32,560,274. Company insiders own 49.90% of the company’s stock.
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.
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