Martingale Asset Management L P Buys 6,709 Shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD)

Martingale Asset Management L P boosted its stake in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 16.6% in the third quarter, Holdings Channel reports. The institutional investor owned 47,105 shares of the company’s stock after purchasing an additional 6,709 shares during the period. Martingale Asset Management L P’s holdings in Tactile Systems Technology were worth $688,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its stake in shares of Tactile Systems Technology by 16.4% in the third quarter. BNP Paribas Financial Markets now owns 45,374 shares of the company’s stock worth $663,000 after acquiring an additional 6,401 shares during the last quarter. FMR LLC boosted its stake in Tactile Systems Technology by 28.1% in the 3rd quarter. FMR LLC now owns 79,348 shares of the company’s stock worth $1,159,000 after purchasing an additional 17,393 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Tactile Systems Technology by 8.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 127,175 shares of the company’s stock valued at $1,858,000 after purchasing an additional 9,485 shares during the last quarter. Gladius Capital Management LP purchased a new stake in Tactile Systems Technology during the 3rd quarter valued at about $44,000. Finally, Royce & Associates LP raised its holdings in Tactile Systems Technology by 2.5% in the third quarter. Royce & Associates LP now owns 612,979 shares of the company’s stock worth $8,956,000 after buying an additional 14,780 shares during the last quarter. Hedge funds and other institutional investors own 83.43% of the company’s stock.

Analyst Upgrades and Downgrades

TCMD has been the topic of several analyst reports. B. Riley started coverage on shares of Tactile Systems Technology in a research note on Thursday, September 26th. They issued a “buy” rating and a $23.00 target price on the stock. BTIG Research cut Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 5th. Oppenheimer lowered Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 5th. Finally, StockNews.com raised Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a report on Tuesday.

Tactile Systems Technology Stock Down 4.9 %

TCMD opened at $18.59 on Tuesday. Tactile Systems Technology, Inc. has a twelve month low of $11.12 and a twelve month high of $21.10. The company has a quick ratio of 3.80, a current ratio of 4.37 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average price of $15.23 and a 200-day moving average price of $13.54. The stock has a market capitalization of $446.16 million, a price-to-earnings ratio of 28.60 and a beta of 1.17.

Tactile Systems Technology Profile

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.