Thrivent Financial for Lutherans lifted its holdings in Tactile Systems Technology Inc. (NASDAQ:TCMD) by 1.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 488,303 shares of the company’s stock after purchasing an additional 6,267 shares during the quarter. Thrivent Financial for Lutherans owned 2.71% of Tactile Systems Technology worth $15,528,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in TCMD. BlackRock Inc. lifted its position in shares of Tactile Systems Technology by 197.1% in the fourth quarter. BlackRock Inc. now owns 1,705,703 shares of the company’s stock worth $49,431,000 after purchasing an additional 1,131,497 shares in the last quarter. Cortina Asset Management LLC lifted its position in shares of Tactile Systems Technology by 280.0% in the fourth quarter. Cortina Asset Management LLC now owns 681,966 shares of the company’s stock worth $19,763,000 after purchasing an additional 502,497 shares in the last quarter. Fort Washington Investment Advisors Inc. OH bought a new stake in shares of Tactile Systems Technology in the first quarter worth $15,105,000. Fred Alger Management Inc. bought a new stake in shares of Tactile Systems Technology in the fourth quarter worth $11,653,000. Finally, Alliancebernstein L.P. lifted its position in shares of Tactile Systems Technology by 69.8% in the fourth quarter. Alliancebernstein L.P. now owns 956,008 shares of the company’s stock worth $27,705,000 after purchasing an additional 392,987 shares in the last quarter. 92.49% of the stock is currently owned by institutional investors and hedge funds.
TCMD has been the topic of several analyst reports. BidaskClub raised shares of Tactile Systems Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, April 4th. ValuEngine raised shares of Tactile Systems Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Canaccord Genuity upped their price target on shares of Tactile Systems Technology from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Piper Jaffray raised shares of Tactile Systems Technology to a “buy” rating and set a $36.00 price target on the stock in a research report on Tuesday, February 20th. Finally, Zacks Investment Research lowered shares of Tactile Systems Technology from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 11th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $42.90.
In other news, SVP Bryan Rishe sold 1,500 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $31.07, for a total value of $46,605.00. Following the transaction, the senior vice president now directly owns 90,145 shares of the company’s stock, valued at $2,800,805.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William W. Burke sold 700 shares of the stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $45.86, for a total transaction of $32,102.00. Following the completion of the transaction, the director now directly owns 7,679 shares in the company, valued at $352,158.94. The disclosure for this sale can be found here. Insiders have sold 149,871 shares of company stock worth $5,092,284 over the last ninety days. Insiders own 8.70% of the company’s stock.
Tactile Systems Technology opened at $45.99 on Friday, according to Marketbeat.com. Tactile Systems Technology Inc. has a 1 year low of $22.45 and a 1 year high of $46.89. The firm has a market cap of $836.11 million, a price-to-earnings ratio of 219.00, a PEG ratio of 6.43 and a beta of 0.39.
Tactile Systems Technology (NASDAQ:TCMD) last posted its quarterly earnings results on Monday, May 7th. The company reported $0.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.13. Tactile Systems Technology had a net margin of 6.29% and a return on equity of 7.86%. The firm had revenue of $26.85 million for the quarter, compared to analyst estimates of $23.72 million. During the same period in the prior year, the firm posted ($0.09) earnings per share. The company’s quarterly revenue was up 35.3% compared to the same quarter last year. equities analysts anticipate that Tactile Systems Technology Inc. will post 0.36 EPS for the current fiscal year.
Tactile Systems Technology Company Profile
Tactile Systems Technology, Inc, a medical technology company, develops and provides medical devices for the treatment of chronic diseases in the United States. The company offers proprietary Flexitouch system, an at-home solution for lymphedema patients; and ACTitouch system, a home-based solution for chronic venous insufficiency patients.
Receive News & Ratings for Tactile Systems Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tactile Systems Technology and related companies with MarketBeat.com's FREE daily email newsletter.