Vanguard Group increased its holdings in Tactile Systems Technology Inc. (NASDAQ:TCMD – free report ) by 1.0% during the first quarter, according to the latest 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought an additional 13,350 shares during the quarter, giving it a total holdings of 1,383,366 shares of the company's stock. Vanguard Group holds approximately 5.82% of Tactile Systems Technology Inc. shares worth $22,480,000 as of the latest SEC filing.
Several other large investors also modified their holdings in TCMD. Cadian Capital Management LP purchased a new stake in Tactile Systems Technology in the fourth quarter, valued at approximately $24,954,000. First Light Asset Management LLC increased its stake in Tactile Systems Technology by 38.1% in the fourth quarter. First Light Asset Management LLC now owns 2,859,954 shares of the company's stock, valued at $40,897,000. It purchased an additional 788,535 shares in the last quarter. Wasatch Advisors LP purchased a new stake in Tactile Systems Technology in the first quarter, valued at approximately $8,687,000. Russell Investments Group Ltd. increased its stake in Tactile Systems Technology by 63.3% in the fourth quarter. Russell Investments Group now owns 104,841 shares of the company's stock, valued at $1,499,000, after purchasing an additional 40,650 shares in the last quarter. Finally, Calamos Advisors increased its holdings in Tactile Systems Technology by 363.0% in the fourth quarter. Calamos Advisors now owns 50,667 shares of the company's stock, valued at $725,000, after purchasing an additional 39,724 shares in the last quarter. Institutional investors own 83.43% of the company's stock.
Haptic Systems Technology trade up 0.9%
Nasdaq TCMD opened trading at $13.31 on Friday. The company has a quick ratio of 3.63, a current ratio of 4.44 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $316.25 million, a price-to-earnings ratio (PE) of 11.09 and a beta of 1.18. The company's 50-day moving average price is $12.10 and its 200-day moving average price is $13.87. Tactile Systems Technology, Inc.'s 52-week low is $9.69 and its 52-week high is $19.80.
Analyst upgrades and downgrades
Meanwhile, StockNews.com raised shares of Tactile Systems Technology from a “buy” rating to a “strong buy” rating in a report on Tuesday, August 6th.
Get the latest analysis on TCMD
Insider trading
In related news, CFO Elaine M. Birkemeyer sold 3,041 shares of the company's stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $13.68, for a total transaction value of $41,600.88. Following the completion of the transaction, the CFO now owns 61,295 shares of the company's stock, valued at approximately $838,515.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.96% of the shares are now owned by company insiders.
Haptic Systems Technology Profile
(Free report)
Tactile Systems Technology, Inc., a medical technology company, develops and delivers medical devices to treat chronic, underserved conditions in the U.S. The company offers the Flexitouch Plus System, a pneumatic compression device for the home treatment of lymphedema, and the Entre Plus System, a portable pneumatic compression device for the home treatment of venous diseases such as lymphedema and chronic venous insufficiency, including venous leg ulcers.
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