WINTON GROUP Ltd Buys 3087 Shares of Tactile Systems Technology Inc (TCMD)

WINTON GROUP Ltd lifted its position in Tactile Systems Technology Inc (NASDAQ:TCMD) by 63.4% in the fourth quarter, according to its most recent …

Tactile Systems Technology logoWINTON GROUP Ltd lifted its position in Tactile Systems Technology Inc (NASDAQ:TCMD) by 63.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,953 shares of the company’s stock after purchasing an additional 3,087 shares during the quarter. WINTON GROUP Ltd’s holdings in Tactile Systems Technology were worth $362,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Bank of Montreal Can lifted its position in shares of Tactile Systems Technology by 3.4% during the fourth quarter. Bank of Montreal Can now owns 4,987 shares of the company’s stock worth $227,000 after purchasing an additional 162 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Tactile Systems Technology by 4.1% in the fourth quarter. State of Alaska Department of Revenue now owns 5,621 shares of the company’s stock valued at $256,000 after acquiring an additional 220 shares in the last quarter. New York State Teachers Retirement System raised its holdings in Tactile Systems Technology by 2.8% in the fourth quarter. New York State Teachers Retirement System now owns 15,633 shares of the company’s stock valued at $712,000 after acquiring an additional 422 shares in the last quarter. Rehmann Capital Advisory Group raised its holdings in Tactile Systems Technology by 611.9% in the third quarter. Rehmann Capital Advisory Group now owns 1,075 shares of the company’s stock valued at $76,000 after acquiring an additional 924 shares in the last quarter. Finally, Texas Permanent School Fund increased its stake in Tactile Systems Technology by 9.7% in the third quarter. Texas Permanent School Fund now owns 10,496 shares of the company’s stock valued at $746,000 after purchasing an additional 931 shares during the last quarter. 98.90% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have commented on TCMD. Zacks Investment Research lowered shares of Tactile Systems Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 5th. BidaskClub lowered shares of Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Canaccord Genuity raised their target price on shares of Tactile Systems Technology from $55.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. ValuEngine lowered shares of Tactile Systems Technology from a “buy” rating to a “hold” rating in a research report on Friday, December 7th. Finally, Northland Securities reaffirmed a “hold” rating and set a $38.00 price target on shares of Tactile Systems Technology in a report on Friday, January 11th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $70.00.

Shares of NASDAQ TCMD traded up $0.26 during mid-day trading on Friday, hitting $63.19. 427,211 shares of the company were exchanged, compared to its average volume of 274,320. Tactile Systems Technology Inc has a 1-year low of $30.21 and a 1-year high of $76.63. The company has a market cap of $1.18 billion, a PE ratio of 225.68, a P/E/G ratio of 10.02 and a beta of 2.36.

In other news, COO Robert J. Folkes sold 2,500 shares of Tactile Systems Technology stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $70.36, for a total transaction of $175,900.00. Following the completion of the transaction, the chief operating officer now owns 111,654 shares of the company’s stock, valued at approximately $7,855,975.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gerald R. Mattys sold 27,302 shares of Tactile Systems Technology stock in a transaction on Friday, March 1st. The stock was sold at an average price of $71.53, for a total value of $1,952,912.06. Following the transaction, the chief executive officer now directly owns 288,432 shares of the company’s stock, valued at approximately $20,631,540.96. The disclosure for this sale can be found here. In the last three months, insiders sold 133,727 shares of company stock valued at $8,835,265. 8.70% of the stock is owned by corporate insiders.

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About Tactile Systems Technology

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.

Further Reading: What is the price-to-earnings growth (PEG) ratio?

Institutional Ownership by Quarter for Tactile Systems Technology (NASDAQ:TCMD)

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AQR Capital Management LLC Purchases 5963 Shares of Tactile Systems Technology Inc …

AQR Capital Management LLC increased its position in shares of Tactile Systems Technology Inc (NASDAQ:TCMD) by 39.3% during the 3rd quarter, …

Tactile Systems Technology logoAQR Capital Management LLC increased its position in shares of Tactile Systems Technology Inc (NASDAQ:TCMD) by 39.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,137 shares of the company’s stock after purchasing an additional 5,963 shares during the quarter. AQR Capital Management LLC owned approximately 0.11% of Tactile Systems Technology worth $1,502,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Riverhead Capital Management LLC bought a new position in Tactile Systems Technology in the 3rd quarter worth $156,000. SG Americas Securities LLC bought a new position in shares of Tactile Systems Technology in the 2nd quarter worth about $175,000. First Mercantile Trust Co. increased its stake in shares of Tactile Systems Technology by 57.1% in the 3rd quarter. First Mercantile Trust Co. now owns 2,696 shares of the company’s stock worth $192,000 after acquiring an additional 980 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Tactile Systems Technology in the 2nd quarter worth about $208,000. Finally, Dorsey & Whitney Trust CO LLC bought a new position in shares of Tactile Systems Technology in the 3rd quarter worth about $223,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Several brokerages recently commented on TCMD. Zacks Investment Research downgraded shares of Tactile Systems Technology from a “strong-buy” rating to a “hold” rating in a research report on Saturday, October 27th. BidaskClub downgraded shares of Tactile Systems Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, November 21st. ValuEngine downgraded shares of Tactile Systems Technology from a “buy” rating to a “hold” rating in a research report on Friday, December 7th. Northland Securities reaffirmed a “hold” rating and set a $38.00 price target on shares of Tactile Systems Technology in a report on Friday, January 11th. Finally, BTIG Research reaffirmed a “hold” rating on shares of Tactile Systems Technology in a report on Tuesday, November 6th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Tactile Systems Technology currently has an average rating of “Buy” and an average target price of $65.50.

Shares of TCMD traded up $1.43 on Tuesday, reaching $70.62. The company’s stock had a trading volume of 247,877 shares, compared to its average volume of 238,375. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 336.29, a PEG ratio of 15.92 and a beta of 2.35. Tactile Systems Technology Inc has a 12-month low of $28.88 and a 12-month high of $73.24.

In other news, COO Robert J. Folkes sold 23,190 shares of Tactile Systems Technology stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $53.18, for a total transaction of $1,233,244.20. Following the sale, the chief operating officer now owns 127,551 shares in the company, valued at $6,783,162.18. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Bryan Rishe sold 3,000 shares of Tactile Systems Technology stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $56.66, for a total transaction of $169,980.00. The disclosure for this sale can be found here. In the last three months, insiders sold 82,840 shares of company stock worth $4,501,336. 8.70% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY WARNING: This article was originally published by Modern Readers and is the property of of Modern Readers. If you are reading this article on another website, it was stolen and republished in violation of international copyright laws. The correct version of this article can be accessed at https://www.modernreaders.com/news/2019/02/12/aqr-capital-management-llc-has-1-50-million-stake-in-tactile-systems-technology-inc-tcmd.html.

About Tactile Systems Technology

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.

Further Reading: What is the return on assets formula?

Institutional Ownership by Quarter for Tactile Systems Technology (NASDAQ:TCMD)

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Tactile Systems Technology (TCMD) Receives “Hold” Rating from Northland Securities

A number of other equities analysts have also issued reports on the stock. Zacks Investment Research raised shares of Tactile Systems Technology …

Tactile Systems Technology Inc logoNorthland Securities restated their hold rating on shares of Tactile Systems Technology (NASDAQ:TCMD) in a report released on Friday. They currently have a $38.00 price objective on the stock.

“We await further details on the quarterly call, and will adjust our ratings / PT accordingly. Key Points Here are the key things we look forward to gleaning from the quarterly call: What was the contribution from the large contracted payor signed up earlier? Were there any pull-forward” sales? Were there any bulk purchases from any segment, including the VA? How did OpEx stack up in the quarter? How does Q4 growth reconcile with implied guidance in company commentary from the Q3-18 call? We have accordingly tweaked our FY19 and FY20 numbers. For the time being, we maintain our rating & PT. Once we have a better understanding of the stability of Q4 growth drivers, we will accordingly make changes.”,” the firm’s analyst commented.

A number of other equities analysts have also issued reports on the stock. Zacks Investment Research raised shares of Tactile Systems Technology from a hold rating to a strong-buy rating and set a $69.00 target price on the stock in a research report on Friday. BidaskClub lowered shares of Tactile Systems Technology from a hold rating to a sell rating in a research report on Thursday, December 20th. Finally, ValuEngine raised shares of Tactile Systems Technology from a hold rating to a buy rating in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Tactile Systems Technology has a consensus rating of Buy and an average target price of $65.50.

Shares of Tactile Systems Technology stock traded up $0.69 on Friday, reaching $62.13. The stock had a trading volume of 433,583 shares, compared to its average volume of 393,248. Tactile Systems Technology has a fifty-two week low of $27.87 and a fifty-two week high of $73.24. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 295.86, a PEG ratio of 13.87 and a beta of 1.74.

Tactile Systems Technology (NASDAQ:TCMD) last issued its quarterly earnings data on Monday, November 5th. The company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.04. Tactile Systems Technology had a net margin of 4.92% and a return on equity of 8.53%. The business had revenue of $36.30 million during the quarter, compared to analysts’ expectations of $34.22 million. During the same period in the previous year, the company earned $0.07 earnings per share. Tactile Systems Technology’s revenue for the quarter was up 28.3% on a year-over-year basis. On average, equities research analysts anticipate that Tactile Systems Technology will post 0.24 EPS for the current year.

In other Tactile Systems Technology news, SVP Bryan Rishe sold 3,000 shares of the business’s stock in a transaction on Monday, October 15th. The shares were sold at an average price of $61.72, for a total value of $185,160.00. Following the sale, the senior vice president now owns 70,328 shares of the company’s stock, valued at approximately $4,340,644.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Brent Moen purchased 900 shares of the stock in a transaction on Tuesday, November 20th. The stock was acquired at an average cost of $54.22 per share, for a total transaction of $48,798.00. The disclosure for this purchase can be found here. Insiders sold a total of 116,822 shares of company stock worth $6,725,674 in the last three months. Insiders own 8.70% of the company’s stock.

A number of institutional investors have recently made changes to their positions in TCMD. Bank of New York Mellon Corp boosted its stake in shares of Tactile Systems Technology by 22.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 264,521 shares of the company’s stock valued at $13,756,000 after purchasing an additional 49,350 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Tactile Systems Technology in the 2nd quarter valued at $175,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Tactile Systems Technology by 17.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 82,575 shares of the company’s stock valued at $4,294,000 after purchasing an additional 12,441 shares in the last quarter. Swiss National Bank boosted its stake in shares of Tactile Systems Technology by 11.3% in the 2nd quarter. Swiss National Bank now owns 26,700 shares of the company’s stock valued at $1,388,000 after purchasing an additional 2,700 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Tactile Systems Technology in the 2nd quarter valued at $341,000. 95.59% of the stock is currently owned by hedge funds and other institutional investors.

Tactile Systems Technology Company Profile

Tactile Systems Technology, Inc is a medical technology company, which develops and provides innovative medical devices for the treatment of chronic diseases at home. The company focus on advancing the standard of care in treating chronic diseases in the home setting to improve patient outcomes and quality of life and help control rising healthcare expenditures.

Featured Article: How to calculate the intrinsic value of a stock

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Tactile Systems Technology Inc (TCMD) Stake Increased by BlackRock Inc.

BlackRock Inc. grew its stake in Tactile Systems Technology Inc (NASDAQ:TCMD) by 10.7% in the third quarter, according to the company in its most …

Tactile Systems Technology logoBlackRock Inc. grew its stake in Tactile Systems Technology Inc (NASDAQ:TCMD) by 10.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,601,804 shares of the company’s stock after acquiring an additional 250,504 shares during the quarter. BlackRock Inc. owned 14.09% of Tactile Systems Technology worth $184,857,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in TCMD. SG Americas Securities LLC bought a new stake in shares of Tactile Systems Technology in the 2nd quarter valued at about $175,000. First Mercantile Trust Co. increased its stake in shares of Tactile Systems Technology by 57.1% in the 3rd quarter. First Mercantile Trust Co. now owns 2,696 shares of the company’s stock valued at $192,000 after acquiring an additional 980 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Tactile Systems Technology in the 2nd quarter valued at about $208,000. Dorsey & Whitney Trust CO LLC bought a new stake in shares of Tactile Systems Technology in the 3rd quarter valued at about $223,000. Finally, AMS Capital Ltda bought a new stake in shares of Tactile Systems Technology in the 3rd quarter valued at about $247,000. 95.59% of the stock is owned by institutional investors.

A number of research firms recently issued reports on TCMD. Canaccord Genuity increased their target price on Tactile Systems Technology from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, September 6th. BidaskClub raised Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 2nd. Piper Jaffray Companies reissued an “overweight” rating and set a $77.00 target price on shares of Tactile Systems Technology in a research note on Monday, September 10th. BTIG Research reissued a “hold” rating on shares of Tactile Systems Technology in a research note on Tuesday, November 6th. Finally, Zacks Investment Research cut Tactile Systems Technology from a “strong-buy” rating to a “hold” rating in a research note on Saturday, October 27th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $67.33.

In other news, COO Robert J. Folkes sold 23,190 shares of the firm’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $53.18, for a total transaction of $1,233,244.20. Following the completion of the transaction, the chief operating officer now directly owns 127,551 shares of the company’s stock, valued at approximately $6,783,162.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Bryan Rishe sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, December 14th. The stock was sold at an average price of $51.22, for a total transaction of $153,660.00. Following the transaction, the senior vice president now directly owns 64,328 shares of the company’s stock, valued at $3,294,880.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 98,029 shares of company stock valued at $5,846,740. 8.70% of the stock is owned by company insiders.

NASDAQ TCMD opened at $41.79 on Wednesday. Tactile Systems Technology Inc has a 52-week low of $27.04 and a 52-week high of $73.24. The company has a market cap of $780.47 million, a P/E ratio of 199.00, a price-to-earnings-growth ratio of 9.18 and a beta of 1.30.

Tactile Systems Technology (NASDAQ:TCMD) last posted its earnings results on Monday, November 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.04. Tactile Systems Technology had a return on equity of 8.53% and a net margin of 4.92%. The business had revenue of $36.30 million during the quarter, compared to analysts’ expectations of $34.22 million. During the same period in the prior year, the business earned $0.07 EPS. Tactile Systems Technology’s revenue for the quarter was up 28.3% compared to the same quarter last year. On average, analysts anticipate that Tactile Systems Technology Inc will post 0.23 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Tactile Systems Technology Inc (TCMD) Stake Increased by BlackRock Inc.” was originally reported by Modern Readers and is the sole property of of Modern Readers. If you are reading this article on another site, it was copied illegally and republished in violation of international trademark & copyright law. The original version of this article can be accessed at https://www.modernreaders.com/news/2018/12/26/tactile-systems-technology-inc-tcmd-stake-increased-by-blackrock-inc.html.

About Tactile Systems Technology

Tactile Systems Technology, Inc is a medical technology company, which develops and provides innovative medical devices for the treatment of chronic diseases at home. The company focus on advancing the standard of care in treating chronic diseases in the home setting to improve patient outcomes and quality of life and help control rising healthcare expenditures.

Featured Story: Stock Symbols and CUSIP Explained

Institutional Ownership by Quarter for Tactile Systems Technology (NASDAQ:TCMD)

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BlackRock Inc. Purchases 78716 Shares of Tactile Systems Technology Inc (TCMD)

BlackRock Inc. lifted its position in shares of Tactile Systems Technology Inc (NASDAQ:TCMD) by 4.6% during the 1st quarter, according to the …

Tactile Systems Technology logoBlackRock Inc. lifted its position in shares of Tactile Systems Technology Inc (NASDAQ:TCMD) by 4.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,784,419 shares of the company’s stock after acquiring an additional 78,716 shares during the quarter. BlackRock Inc. owned approximately 9.90% of Tactile Systems Technology worth $56,743,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sterling Capital Management LLC acquired a new position in Tactile Systems Technology during the 4th quarter worth about $1,464,000. Rhumbline Advisers lifted its holdings in Tactile Systems Technology by 11.4% during the 1st quarter. Rhumbline Advisers now owns 31,907 shares of the company’s stock worth $1,015,000 after buying an additional 3,273 shares during the period. Bank of New York Mellon Corp lifted its holdings in Tactile Systems Technology by 118.5% during the 4th quarter. Bank of New York Mellon Corp now owns 173,181 shares of the company’s stock worth $5,018,000 after buying an additional 93,934 shares during the period. Swiss National Bank acquired a new position in Tactile Systems Technology during the 4th quarter worth about $696,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Tactile Systems Technology by 4.6% in the 4th quarter. Wells Fargo & Company MN now owns 145,333 shares of the company’s stock valued at $4,212,000 after purchasing an additional 6,434 shares during the period. 92.03% of the stock is currently owned by institutional investors.

In related news, SVP Bryan Rishe sold 3,000 shares of the business’s stock in a transaction dated Friday, June 15th. The stock was sold at an average price of $55.35, for a total value of $166,050.00. Following the completion of the sale, the senior vice president now directly owns 85,928 shares of the company’s stock, valued at approximately $4,756,114.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Robert J. Folkes sold 3,044 shares of the business’s stock in a transaction dated Tuesday, April 10th. The shares were sold at an average price of $31.90, for a total value of $97,103.60. Following the completion of the sale, the chief operating officer now directly owns 122,447 shares of the company’s stock, valued at $3,906,059.30. The disclosure for this sale can be found here. Insiders sold a total of 90,494 shares of company stock valued at $4,488,356 over the last ninety days. 8.70% of the stock is currently owned by corporate insiders.

A number of research analysts have recently issued reports on the company. BidaskClub raised Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Canaccord Genuity boosted their price objective on Tactile Systems Technology from $56.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, June 25th. Northland Securities downgraded Tactile Systems Technology from a “market perform” rating to an “under perform” rating in a research note on Monday, June 4th. BTIG Research downgraded Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research note on Monday, June 4th. They noted that the move was a valuation call. Finally, Piper Jaffray Companies boosted their price objective on Tactile Systems Technology to $53.00 and gave the company an “overweight” rating in a research note on Friday, June 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Tactile Systems Technology presently has a consensus rating of “Buy” and a consensus price target of $48.30.

Shares of Tactile Systems Technology opened at $56.08 on Friday, Marketbeat reports. The stock has a market capitalization of $1.00 billion, a PE ratio of 267.05, a price-to-earnings-growth ratio of 7.71 and a beta of 0.86. Tactile Systems Technology Inc has a 1 year low of $22.72 and a 1 year high of $57.60.

Tactile Systems Technology (NASDAQ:TCMD) last issued its earnings results on Monday, May 7th. The company reported $0.00 EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.13. Tactile Systems Technology had a return on equity of 7.86% and a net margin of 6.29%. The business had revenue of $26.85 million during the quarter, compared to analyst estimates of $23.72 million. During the same period in the previous year, the company posted ($0.09) EPS. The firm’s revenue was up 35.3% compared to the same quarter last year. sell-side analysts predict that Tactile Systems Technology Inc will post 0.36 earnings per share for the current fiscal year.

About Tactile Systems Technology

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.

Institutional Ownership by Quarter for Tactile Systems Technology (NASDAQ:TCMD)

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