Vanguard Group Inc. boosted its position in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD – Free Report) by 0.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,370,403 shares of the company’s stock after buying an additional 9,863 shares during the quarter. Vanguard Group Inc. owned 0.06% of Tactile Systems Technology worth $19,254,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the company. New York State Teachers Retirement System acquired a new position in shares of Tactile Systems Technology in the 3rd quarter valued at $29,000. Covestor Ltd boosted its holdings in shares of Tactile Systems Technology by 69.4% in the third quarter. Covestor Ltd now owns 2,872 shares of the company’s stock worth $40,000 after buying an additional 1,177 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Tactile Systems Technology by 219.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,016 shares of the company’s stock worth $40,000 after buying an additional 1,385 shares during the period. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Tactile Systems Technology in the third quarter worth about $43,000. Finally, UBS Group AG boosted its holdings in shares of Tactile Systems Technology by 25.1% in the third quarter. UBS Group AG now owns 6,349 shares of the company’s stock worth $50,000 after buying an additional 1,274 shares during the period. Institutional investors own 83.43% of the company’s stock.
Tactile Systems Technology Stock Performance
Shares of TCMD opened at $14.78 on Monday. Tactile Systems Technology, Inc. has a one year low of $9.69 and a one year high of $26.11. The company has a 50-day moving average of $15.50 and a two-hundred day moving average of $13.95. The stock has a market cap of $351.17 million, a price-to-earnings ratio of 12.32 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.54 and a quick ratio of 2.99.
Insider Transactions at Tactile Systems Technology
In other news, VP Kristie Burns sold 2,249 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $14.80, for a total value of $33,285.20. Following the completion of the sale, the vice president now directly owns 53,765 shares of the company’s stock, valued at $795,722. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Kristie Burns sold 2,249 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $14.80, for a total value of $33,285.20. Following the completion of the sale, the vice president now directly owns 53,765 shares of the company’s stock, valued at $795,722. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Daniel L. Reuvers sold 6,239 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $15.81, for a total transaction of $98,638.59. Following the completion of the sale, the chief executive officer now directly owns 244,112 shares of the company’s stock, valued at $3,859,410.72. The disclosure for this sale can be found here. Insiders sold 17,520 shares of company stock valued at $268,820 over the last three months. 0.96% of the stock is owned by corporate insiders.
Tactile Systems Technology Profile
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.
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