Tactile Systems Technology, Inc. (NASDAQ:TCMD) Stock Position Trimmed by Kennedy Capital Management LLC

Kennedy Capital Management LLC decreased its position in Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 43.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 249,004 shares of the company’s stock after selling 192,186 shares during the period. Kennedy Capital Management LLC’s holdings in Tactile Systems Technology were worth $4,265,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TCMD. FMR LLC boosted its position in shares of Tactile Systems Technology by 28.1% during the third quarter. FMR LLC now owns 79,348 shares of the company’s stock worth $1,159,000 after buying an additional 17,393 shares during the period. Principal Financial Group Inc. boosted its position in Tactile Systems Technology by 9.9% during the 4th quarter. Principal Financial Group Inc. now owns 20,401 shares of the company’s stock worth $349,000 after acquiring an additional 1,836 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Tactile Systems Technology in the fourth quarter worth $1,328,000. Geode Capital Management LLC grew its stake in shares of Tactile Systems Technology by 1.5% in the third quarter. Geode Capital Management LLC now owns 558,667 shares of the company’s stock worth $8,164,000 after purchasing an additional 8,422 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Tactile Systems Technology by 56.7% during the third quarter. Barclays PLC now owns 66,885 shares of the company’s stock valued at $977,000 after purchasing an additional 24,188 shares during the period. Institutional investors and hedge funds own 83.43% of the company’s stock.

Insider Buying and Selling

In other news, Director Daniel L. Reuvers sold 10,938 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $14.55, for a total transaction of $159,147.90. Following the completion of the sale, the director now directly owns 242,942 shares of the company’s stock, valued at $3,534,806.10. This trade represents a 4.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Kristie Burns sold 4,830 shares of Tactile Systems Technology stock in a transaction on Monday, February 24th. The stock was sold at an average price of $14.65, for a total value of $70,759.50. Following the completion of the transaction, the vice president now owns 84,008 shares in the company, valued at $1,230,717.20. The trade was a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,546 shares of company stock worth $285,444. Corporate insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TCMD shares. StockNews.com lowered shares of Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 29th. B. Riley cut shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $23.00 to $18.00 in a report on Wednesday, February 19th.

Tactile Systems Technology Trading Down 1.0 %

Shares of Tactile Systems Technology stock opened at $13.27 on Friday. The business has a fifty day simple moving average of $14.47 and a 200-day simple moving average of $15.75. Tactile Systems Technology, Inc. has a fifty-two week low of $11.12 and a fifty-two week high of $21.10. The firm has a market cap of $314.05 million, a price-to-earnings ratio of 18.96 and a beta of 1.21. The company has a quick ratio of 3.80, a current ratio of 4.36 and a debt-to-equity ratio of 0.11.

Tactile Systems Technology (NASDAQ:TCMD) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.09. The company had revenue of $85.59 million during the quarter, compared to the consensus estimate of $85.39 million. Tactile Systems Technology had a net margin of 5.79% and a return on equity of 9.37%. On average, equities analysts forecast that Tactile Systems Technology, Inc. will post 0.7 EPS for the current fiscal year.

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.