Jupiter Asset Management Ltd. purchased a new position in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 32,336 shares of the company’s stock, valued at approximately $454,000. Jupiter Asset Management Ltd. owned about 0.14% of Tactile Systems Technology as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. O Shaughnessy Asset Management LLC grew its position in Tactile Systems Technology by 4.3% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 13,140 shares of the company’s stock worth $328,000 after purchasing an additional 544 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Tactile Systems Technology by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 52,092 shares of the company’s stock valued at $598,000 after buying an additional 1,010 shares during the last quarter. Rhumbline Advisers increased its position in shares of Tactile Systems Technology by 2.5% in the 2nd quarter. Rhumbline Advisers now owns 46,654 shares of the company’s stock valued at $1,163,000 after acquiring an additional 1,122 shares during the period. UBS Group AG increased its position in shares of Tactile Systems Technology by 25.1% in the 3rd quarter. UBS Group AG now owns 6,349 shares of the company’s stock valued at $50,000 after acquiring an additional 1,274 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in Tactile Systems Technology by 219.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,016 shares of the company’s stock worth $40,000 after acquiring an additional 1,385 shares during the last quarter. Institutional investors and hedge funds own 85.97% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 16th.
Tactile Systems Technology Trading Up 3.8 %
Shares of Tactile Systems Technology stock opened at $15.70 on Monday. The stock has a market cap of $368.95 million, a PE ratio of 14.54 and a beta of 1.20. The firm has a fifty day moving average price of $14.25 and a 200 day moving average price of $14.79. Tactile Systems Technology, Inc. has a 1 year low of $9.69 and a 1 year high of $26.11. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.33 and a quick ratio of 2.81.
About Tactile Systems Technology
Tactile Systems Technology, Inc, a medical technology company, develops and provides medical devices for the treatment of underserved chronic diseases in the United States. It offers Flexitouch Plus system, a pneumatic compression device for the treatment of lymphedema; Entre 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; Kylee, a mobile application to help patients learn about lymphedema, track their symptoms, treatment, and share their progress with their doctor; and AffloVest, a portable high frequency chest wall oscillation vest for the treatment of retained pulmonary secretions, such as bronchiectasis, cystic fibrosis, and various neuromuscular disorders.
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