BNP Paribas Financial Markets Acquires 6,401 Shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD)

BNP Paribas Financial Markets grew its position in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 16.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 45,374 shares of the company’s stock after acquiring an additional 6,401 shares during the quarter. BNP Paribas Financial Markets’ holdings in Tactile Systems Technology were worth $663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Arcadia Investment Management Corp MI bought a new position in shares of Tactile Systems Technology during the 3rd quarter valued at approximately $29,000. Gladius Capital Management LP bought a new position in Tactile Systems Technology in the third quarter worth approximately $44,000. Quarry LP bought a new stake in Tactile Systems Technology during the second quarter valued at about $46,000. SG Americas Securities LLC bought a new stake in shares of Tactile Systems Technology in the 3rd quarter valued at about $156,000. Finally, Magnetar Financial LLC purchased a new position in Tactile Systems Technology in the second quarter worth $130,000. 83.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on TCMD. BTIG Research downgraded shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a report on Tuesday, November 5th. StockNews.com cut shares of Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Oppenheimer cut Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 5th. Finally, B. Riley initiated coverage on Tactile Systems Technology in a research report on Thursday, September 26th. They issued a “buy” rating and a $23.00 price target for the company.

Tactile Systems Technology Stock Performance

Shares of Tactile Systems Technology stock opened at $18.13 on Friday. The firm’s 50 day moving average is $15.92 and its two-hundred day moving average is $13.83. The firm has a market capitalization of $435.07 million, a P/E ratio of 27.89 and a beta of 1.20. The company has a quick ratio of 3.80, a current ratio of 4.37 and a debt-to-equity ratio of 0.12. Tactile Systems Technology, Inc. has a 52 week low of $11.12 and a 52 week high of $21.10.

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.