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

Martingale Asset Management L P increased its stake in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 16.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,105 shares of the company’s stock after acquiring an additional 6,709 shares during the quarter. Martingale Asset Management L P owned approximately 0.20% of Tactile Systems Technology worth $688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Tactile Systems Technology by 1.0% in the first quarter. Vanguard Group Inc. now owns 1,383,366 shares of the company’s stock worth $22,480,000 after purchasing an additional 13,350 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Tactile Systems Technology by 7.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,371 shares of the company’s stock valued at $283,000 after acquiring an additional 1,159 shares during the period. Janus Henderson Group PLC bought a new position in shares of Tactile Systems Technology during the first quarter valued at about $815,000. Tidal Investments LLC purchased a new position in Tactile Systems Technology during the 1st quarter valued at about $189,000. Finally, Accredited Investors Inc. raised its position in Tactile Systems Technology by 3.7% during the 2nd quarter. Accredited Investors Inc. now owns 115,335 shares of the company’s stock valued at $1,377,000 after purchasing an additional 4,142 shares during the last quarter. 83.43% of the stock is owned by hedge funds and other institutional investors.

Tactile Systems Technology Price Performance

Shares of TCMD stock opened at $18.59 on Tuesday. 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 stock has a market cap of $446.16 million, a price-to-earnings ratio of 28.60 and a beta of 1.17. The business’s fifty day moving average is $15.23 and its 200 day moving average is $13.54. Tactile Systems Technology, Inc. has a twelve month low of $11.12 and a twelve month high of $21.10.

Analyst Ratings Changes

Several research firms have recently issued reports on TCMD. StockNews.com raised Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Oppenheimer downgraded shares of Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 5th. B. Riley assumed coverage on shares of Tactile Systems Technology in a research report on Thursday, September 26th. They issued a “buy” rating and a $23.00 target price for the company. Finally, BTIG Research cut shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 5th.

About Tactile Systems Technology

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.