Charles Schwab Investment Management Inc. lessened its stake in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 1.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,381 shares of the company’s stock after selling 1,487 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.65% of Tactile Systems Technology worth $4,588,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of TCMD. Marshall Wace North America L.P. purchased a new stake in Tactile Systems Technology during the 1st quarter worth about $25,000. Advisor Group Holdings Inc. increased its position in Tactile Systems Technology by 56.5% during the 2nd quarter. Advisor Group Holdings Inc. now owns 1,138 shares of the company’s stock worth $47,000 after purchasing an additional 411 shares in the last quarter. UBS Group AG increased its position in Tactile Systems Technology by 116.8% during the 2nd quarter. UBS Group AG now owns 1,264 shares of the company’s stock worth $52,000 after purchasing an additional 681 shares in the last quarter. Private Advisor Group LLC purchased a new stake in Tactile Systems Technology during the 2nd quarter worth about $87,000. Finally, PNC Financial Services Group Inc. grew its holdings in Tactile Systems Technology by 242.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,623 shares of the company’s stock valued at $109,000 after buying an additional 1,856 shares during the period.
Several research firms have commented on TCMD. BidaskClub cut Tactile Systems Technology from a “buy” rating to a “hold” rating in a report on Tuesday, December 15th. Oppenheimer upgraded Tactile Systems Technology from a “market perform” rating to an “outperform” rating and set a $55.00 price target for the company in a report on Friday, November 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $64.20.
NASDAQ TCMD opened at $41.64 on Friday. The firm has a market capitalization of $808.86 million, a P/E ratio of -92.53 and a beta of 1.74. Tactile Systems Technology, Inc. has a 1-year low of $29.47 and a 1-year high of $71.05. The business’s 50-day simple moving average is $40.81 and its 200-day simple moving average is $38.48.
Tactile Systems Technology (NASDAQ:TCMD) last released its quarterly earnings data on Monday, November 2nd. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.18. The business had revenue of $49.09 million for the quarter, compared to analyst estimates of $46.68 million. Tactile Systems Technology had a positive return on equity of 1.39% and a negative net margin of 4.55%. On average, equities analysts expect that Tactile Systems Technology, Inc. will post -0.11 earnings per share for the current fiscal year.
Tactile Systems Technology Company Profile
Tactile Systems Technology, Inc, a medical technology company, develops and provides medical devices for chronic diseases in the United States. The company offers Flexitouch Plus system, a pneumatic compression device for the treatment of lymphedema; Entré System, a portable pneumatic compression device that is used for the at-home treatment of venous disorders, such as lymphedema and chronic venous insufficiency, including venous leg ulcers; and ACTitouch system, a medical device for the treatment of venous leg ulcers chronic venous insufficiency patients.
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