Tactile Systems Technology Inc. (TCMD) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in Tactile Systems Technology Inc. (NASDAQ:TCMD) by 7.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 124,703 shares of the company’s stock after acquiring an additional 8,777 shares during the quarter. Geode Capital Management LLC owned approximately 0.70% of Tactile Systems Technology worth $3,613,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TCMD. BlackRock Inc. boosted its stake in Tactile Systems Technology by 197.1% in the fourth quarter. BlackRock Inc. now owns 1,705,703 shares of the company’s stock valued at $49,431,000 after acquiring an additional 1,131,497 shares during the last quarter. Cortina Asset Management LLC boosted its stake in Tactile Systems Technology by 280.0% in the fourth quarter. Cortina Asset Management LLC now owns 681,966 shares of the company’s stock valued at $19,763,000 after acquiring an additional 502,497 shares during the last quarter. Northpointe Capital LLC purchased a new position in Tactile Systems Technology in the fourth quarter valued at about $4,971,000. Bank of New York Mellon Corp boosted its stake in Tactile Systems Technology by 118.5% in the fourth quarter. Bank of New York Mellon Corp now owns 173,181 shares of the company’s stock valued at $5,018,000 after acquiring an additional 93,934 shares during the last quarter. Finally, Carlson Capital Management boosted its stake in Tactile Systems Technology by 406.2% in the fourth quarter. Carlson Capital Management now owns 112,907 shares of the company’s stock valued at $3,272,000 after acquiring an additional 90,603 shares during the last quarter. Hedge funds and other institutional investors own 89.59% of the company’s stock.

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NASDAQ TCMD opened at $34.94 on Friday. Tactile Systems Technology Inc. has a 12-month low of $17.96 and a 12-month high of $37.88. The company has a market capitalization of $634.59, a PE ratio of 166.38, a price-to-earnings-growth ratio of 6.52 and a beta of 0.42.

Tactile Systems Technology (NASDAQ:TCMD) last posted its quarterly earnings results on Monday, February 26th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.04. Tactile Systems Technology had a net margin of 5.36% and a return on equity of 6.09%. The company had revenue of $34.89 million for the quarter, compared to analyst estimates of $34.30 million. sell-side analysts expect that Tactile Systems Technology Inc. will post 0.27 EPS for the current year.

A number of research analysts have weighed in on TCMD shares. Zacks Investment Research raised shares of Tactile Systems Technology from a “sell” rating to a “hold” rating in a research report on Wednesday, March 14th. Canaccord Genuity reissued a “buy” rating and issued a $37.00 price target on shares of Tactile Systems Technology in a research report on Wednesday, January 3rd. BidaskClub raised shares of Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 17th. Northland Securities lowered shares of Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 27th. Finally, 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. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $36.90.

In related news, COO Robert J. Folkes sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $30.48, for a total transaction of $45,720.00. Following the sale, the chief operating officer now owns 118,277 shares of the company’s stock, valued at approximately $3,605,082.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gerald R. Mattys sold 2,833 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $32.05, for a total transaction of $90,797.65. Following the sale, the chief executive officer now directly owns 307,203 shares in the company, valued at approximately $9,845,856.15. The disclosure for this sale can be found here. In the last three months, insiders sold 211,609 shares of company stock worth $6,850,789. Insiders own 8.70% of the company’s stock.

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Tactile Systems Technology Company Profile

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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