Tactile Systems Technology Inc (TCMD) Holdings Lifted by Rhumbline Advisers

Rhumbline Advisers boosted its holdings in shares of Tactile Systems Technology Inc (NASDAQ:TCMD) by 200.9% during the 4th quarter, HoldingsChannel reports. The fund owned 28,634 shares of the company’s stock after purchasing an additional 19,119 shares during the period. Rhumbline Advisers’ holdings in Tactile Systems Technology were worth $830,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of TCMD. State Street Corp lifted its holdings in Tactile Systems Technology by 115.1% during the second quarter. State Street Corp now owns 121,255 shares of the company’s stock worth $3,466,000 after acquiring an additional 64,883 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Tactile Systems Technology by 10,882.4% during the second quarter. The Manufacturers Life Insurance Company now owns 7,468 shares of the company’s stock worth $213,000 after acquiring an additional 7,400 shares in the last quarter. California State Teachers Retirement System lifted its holdings in Tactile Systems Technology by 92.9% during the second quarter. California State Teachers Retirement System now owns 16,200 shares of the company’s stock worth $463,000 after acquiring an additional 7,800 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in Tactile Systems Technology by 77.9% during the third quarter. New York State Common Retirement Fund now owns 26,756 shares of the company’s stock worth $828,000 after acquiring an additional 11,716 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Tactile Systems Technology by 3.9% during the third quarter. Bank of New York Mellon Corp now owns 79,247 shares of the company’s stock worth $2,453,000 after acquiring an additional 2,992 shares in the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

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In other news, COO Robert J. Folkes sold 2,482 shares of the business’s stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $31.80, for a total value of $78,927.60. Following the sale, the chief operating officer now directly owns 121,885 shares in the company, valued at $3,875,943. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Bryan Rishe sold 1,500 shares of the company’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $28.67, for a total value of $43,005.00. Following the sale, the senior vice president now owns 94,645 shares in the company, valued at approximately $2,713,472.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 316,011 shares of company stock worth $9,899,787. Corporate insiders own 49.90% of the company’s stock.

TCMD has been the topic of a number of research reports. BidaskClub upgraded Tactile Systems Technology from a “sell” rating to a “hold” rating in a report on Saturday, January 20th. Piper Jaffray upgraded Tactile Systems Technology to a “buy” rating and set a $36.00 price target on the stock in a report on Tuesday, February 20th. Zacks Investment Research lowered Tactile Systems Technology from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Northland Securities lowered Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 27th. Finally, Canaccord Genuity boosted their price target on Tactile Systems Technology from $37.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Tactile Systems Technology presently has an average rating of “Hold” and a consensus target price of $36.90.

Shares of Tactile Systems Technology stock opened at $31.80 on Friday. The stock has a market capitalization of $573.45, a PE ratio of 151.43, a PEG ratio of 5.89 and a beta of 0.11. Tactile Systems Technology Inc has a one year low of $16.69 and a one year high of $37.88.

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About Tactile Systems Technology

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.

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

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