Tactile Systems Technology, Inc. (NASDAQ:TCMD) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 8.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,175 shares of the company’s stock after acquiring an additional 9,485 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Tactile Systems Technology were worth $1,858,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Paradigm Capital Management Inc. NY lifted its holdings in shares of Tactile Systems Technology by 90.1% during the second quarter. Paradigm Capital Management Inc. NY now owns 1,183,800 shares of the company’s stock valued at $14,135,000 after purchasing an additional 561,073 shares during the last quarter. Royce & Associates LP lifted its position in shares of Tactile Systems Technology by 2.5% in the 3rd quarter. Royce & Associates LP now owns 612,979 shares of the company’s stock valued at $8,956,000 after acquiring an additional 14,780 shares in the last quarter. Federated Hermes Inc. grew its position in Tactile Systems Technology by 26.5% during the 2nd quarter. Federated Hermes Inc. now owns 433,660 shares of the company’s stock worth $5,178,000 after purchasing an additional 90,960 shares in the last quarter. Pinnacle Associates Ltd. grew its position in Tactile Systems Technology by 324.9% during the 2nd quarter. Pinnacle Associates Ltd. now owns 317,024 shares of the company’s stock worth $3,785,000 after purchasing an additional 242,413 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in Tactile Systems Technology by 1.9% during the 2nd quarter. AQR Capital Management LLC now owns 269,431 shares of the company’s stock valued at $3,217,000 after purchasing an additional 4,961 shares during the period. 83.43% of the stock is currently owned by institutional investors and hedge funds.

Tactile Systems Technology Trading Down 0.1 %

NASDAQ:TCMD opened at $17.89 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.80 and a current ratio of 4.37. The company has a market capitalization of $429.31 million, a P/E ratio of 27.52 and a beta of 1.20. Tactile Systems Technology, Inc. has a 52 week low of $11.12 and a 52 week high of $21.10. The stock’s 50 day moving average price is $16.06 and its 200 day moving average price is $13.92.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TCMD. BTIG Research cut Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 5th. Oppenheimer lowered Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 5th. StockNews.com downgraded Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 11th. Finally, B. Riley assumed coverage on shares of Tactile Systems Technology in a research report on Thursday, September 26th. They issued a “buy” rating and a $23.00 target price for the company.

About Tactile Systems Technology

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.