Tactile Systems Technology, Inc. (NASDAQ:TCMD) Holdings Lifted by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) 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.

Tactile Systems Technology (NASDAQ:TCMD) last announced its earnings results on Tuesday, February 20th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.13 by $0.25. Tactile Systems Technology had a net margin of 10.39% and a return on equity of 17.08%. The company had revenue of $77.65 million during the quarter, compared to analysts’ expectations of $78.85 million. During the same period last year, the company posted $0.29 earnings per share. On average, equities research analysts expect that Tactile Systems Technology, Inc. will post 0.56 earnings per share for the current year.

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.