Tactile Systems Technology, Inc. (TCMD) Stake Increased by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC grew its holdings in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 6.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 466,903 shares of the company’s stock after acquiring an additional 29,912 shares during the period. Gilder Gagnon Howe & Co. LLC owned about 2.65% of Tactile Systems Technology worth $14,451,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Menta Capital LLC grew its stake in shares of Tactile Systems Technology by 66.9% during the second quarter. Menta Capital LLC now owns 28,186 shares of the company’s stock valued at $806,000 after acquiring an additional 11,300 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Tactile Systems Technology by 17.2% during the first quarter. Geode Capital Management LLC now owns 70,704 shares of the company’s stock worth $1,339,000 after purchasing an additional 10,377 shares during the last quarter. Nicholas Investment Partners LP bought a new position in shares of Tactile Systems Technology during the second quarter worth about $1,723,000. Peregrine Capital Management LLC bought a new position in shares of Tactile Systems Technology during the third quarter worth about $16,984,000. Finally, EAM Investors LLC lifted its position in shares of Tactile Systems Technology by 153.1% during the second quarter. EAM Investors LLC now owns 178,275 shares of the company’s stock worth $5,095,000 after purchasing an additional 107,826 shares during the last quarter. Institutional investors own 49.63% of the company’s stock.

Shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) traded up $0.53 during midday trading on Tuesday, reaching $25.76. 129,100 shares of the company’s stock were exchanged, compared to its average volume of 180,245. Tactile Systems Technology, Inc. has a 1 year low of $14.37 and a 1 year high of $37.88. The company has a market capitalization of $454.14 and a PE ratio of 168.20.

Tactile Systems Technology (NASDAQ:TCMD) last issued its earnings results on Tuesday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.02. Tactile Systems Technology had a net margin of 5.84% and a return on equity of 4.75%. The firm had revenue of $28.28 million for the quarter, compared to analysts’ expectations of $27.66 million. During the same quarter last year, the company posted $0.01 earnings per share. Tactile Systems Technology’s revenue was up 25.0% on a year-over-year basis. analysts forecast that Tactile Systems Technology, Inc. will post 0.26 EPS for the current year.

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In other Tactile Systems Technology news, COO Robert J. Folkes sold 4,455 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $28.32, for a total value of $126,165.60. The sale was disclosed in a legal filing 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 dated Friday, November 3rd. The stock was sold at an average price of $27.21, for a total transaction of $40,815.00. Following the completion of the transaction, the vice president now directly owns 105,307 shares in the company, valued at approximately $2,865,403.47. The disclosure for this sale can be found here. Insiders sold 1,048,547 shares of company stock worth $32,560,274 in the last three months. 49.90% of the stock is currently owned by corporate insiders.

TCMD has been the topic of several research analyst reports. Zacks Investment Research raised shares of Tactile Systems Technology from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Thursday, August 10th. Piper Jaffray Companies increased their price target on shares of Tactile Systems Technology from $30.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 8th. Guggenheim initiated 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 target on the stock. Northland Securities initiated coverage on shares of Tactile Systems Technology in a research report on Tuesday, October 17th. They set a “market perform” rating on the stock. Finally, BTIG Research cut shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research report on Monday, September 18th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Tactile Systems Technology has a consensus rating of “Buy” and a consensus target price of $34.25.

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)

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