Tactile Systems Technology, Inc. (NASDAQ:TCMD) Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its holdings in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 163.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 52,227 shares of the company’s stock after purchasing an additional 32,378 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Tactile Systems Technology were worth $895,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in shares of Tactile Systems Technology by 28.1% during the 3rd quarter. FMR LLC now owns 79,348 shares of the company’s stock worth $1,159,000 after acquiring an additional 17,393 shares during the period. Principal Financial Group Inc. increased its position in Tactile Systems Technology by 9.9% during the fourth quarter. Principal Financial Group Inc. now owns 20,401 shares of the company’s stock worth $349,000 after purchasing an additional 1,836 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in Tactile Systems Technology during the fourth quarter worth approximately $1,328,000. Geode Capital Management LLC boosted its holdings in shares of Tactile Systems Technology by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 558,667 shares of the company’s stock valued at $8,164,000 after purchasing an additional 8,422 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Tactile Systems Technology by 56.7% during the 3rd quarter. Barclays PLC now owns 66,885 shares of the company’s stock valued at $977,000 after buying an additional 24,188 shares during the period. 83.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Tactile Systems Technology

In related news, CFO Elaine M. Birkemeyer sold 3,778 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $14.70, for a total value of $55,536.60. Following the transaction, the chief financial officer now owns 104,098 shares in the company, valued at approximately $1,530,240.60. The trade was a 3.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Kristie Burns sold 4,830 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $14.65, for a total value of $70,759.50. Following the sale, the vice president now owns 84,008 shares of the company’s stock, valued at approximately $1,230,717.20. This trade represents a 5.44 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,546 shares of company stock valued at $285,444. Corporate insiders own 0.96% of the company’s stock.

Tactile Systems Technology Stock Performance

NASDAQ:TCMD opened at $13.27 on Friday. Tactile Systems Technology, Inc. has a twelve month low of $11.12 and a twelve month high of $21.10. The firm has a market capitalization of $314.05 million, a price-to-earnings ratio of 18.96 and a beta of 1.21. The company has a current ratio of 4.36, a quick ratio of 3.80 and a debt-to-equity ratio of 0.11. The firm’s fifty day simple moving average is $14.47 and its 200 day simple moving average is $15.75.

Tactile Systems Technology (NASDAQ:TCMD) last announced its earnings results on Tuesday, February 18th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.31 by $0.09. The business had revenue of $85.59 million for the quarter, compared to the consensus estimate of $85.39 million. Tactile Systems Technology had a return on equity of 9.37% and a net margin of 5.79%. As a group, equities research analysts expect that Tactile Systems Technology, Inc. will post 0.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TCMD has been the topic of a number of research analyst reports. B. Riley cut Tactile Systems Technology from a “buy” rating to a “neutral” rating and reduced their target price for the company from $23.00 to $18.00 in a report on Wednesday, February 19th. StockNews.com cut Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 29th.

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.