Dorsey & Whitney Trust CO LLC Invests $223,000 in Tactile Systems Technology Inc (TCMD) Stock

Dorsey & Whitney Trust CO LLC bought a new position in Tactile Systems Technology Inc (NASDAQ:TCMD) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,139 shares of the company’s stock, valued at approximately $223,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Engineers Gate Manager LP acquired a new stake in Tactile Systems Technology in the second quarter worth approximately $208,000. Rhumbline Advisers lifted its position in Tactile Systems Technology by 18.4% in the second quarter. Rhumbline Advisers now owns 37,780 shares of the company’s stock worth $1,965,000 after purchasing an additional 5,873 shares during the period. Allianz Asset Management GmbH lifted its position in Tactile Systems Technology by 2.4% in the first quarter. Allianz Asset Management GmbH now owns 174,121 shares of the company’s stock worth $5,537,000 after purchasing an additional 4,027 shares during the period. Sei Investments Co. lifted its position in Tactile Systems Technology by 992.7% in the second quarter. Sei Investments Co. now owns 26,663 shares of the company’s stock worth $1,386,000 after purchasing an additional 24,223 shares during the period. Finally, Swiss National Bank lifted its position in Tactile Systems Technology by 11.3% in the second quarter. Swiss National Bank now owns 26,700 shares of the company’s stock worth $1,388,000 after purchasing an additional 2,700 shares during the period. Hedge funds and other institutional investors own 95.65% of the company’s stock.

NASDAQ TCMD opened at $62.71 on Monday. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 298.62, a P/E/G ratio of 10.34 and a beta of 1.05. Tactile Systems Technology Inc has a 1 year low of $22.72 and a 1 year high of $73.24.



Tactile Systems Technology (NASDAQ:TCMD) last posted its quarterly earnings results on Monday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.09. The company had revenue of $34.10 million for the quarter, compared to analysts’ expectations of $31.49 million. Tactile Systems Technology had a return on equity of 8.41% and a net margin of 4.91%. The firm’s revenue was up 29.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 earnings per share. On average, equities research analysts forecast that Tactile Systems Technology Inc will post 0.3 EPS for the current fiscal year.

In other Tactile Systems Technology news, CEO Gerald R. Mattys sold 39,000 shares of the company’s stock in a transaction on Monday, October 22nd. The stock was sold at an average price of $64.26, for a total value of $2,506,140.00. Following the transaction, the chief executive officer now owns 333,129 shares of the company’s stock, valued at $21,406,869.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Bryan Rishe sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $57.52, for a total value of $172,560.00. Following the completion of the transaction, the senior vice president now directly owns 76,428 shares in the company, valued at approximately $4,396,138.56. The disclosure for this sale can be found here. Insiders sold 117,000 shares of company stock worth $7,386,400 in the last ninety days. 8.70% of the stock is owned by corporate insiders.

TCMD has been the subject of a number of research analyst reports. BidaskClub upgraded Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 7th. Canaccord Genuity restated a “buy” rating and issued a $65.00 target price (up from $60.00) on shares of Tactile Systems Technology in a research report on Tuesday, August 7th. Zacks Investment Research cut Tactile Systems Technology from a “hold” rating to a “sell” rating in a report on Friday, August 10th. TheStreet cut Tactile Systems Technology from a “c+” rating to a “d+” rating in a report on Monday, August 20th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $77.00 price target on shares of Tactile Systems Technology in a report on Monday, September 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Tactile Systems Technology currently has a consensus rating of “Hold” and an average price target of $67.33.

About Tactile Systems Technology

Tactile Systems Technology, Inc, a medical technology company, develops and provides medical devices for the treatment of chronic diseases in the United States. The company offers proprietary Flexitouch system, an at-home solution for lymphedema patients; and ACTitouch system, a home-based solution for chronic venous insufficiency patients.

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Institutional Ownership by Quarter for Tactile Systems Technology (NASDAQ:TCMD)

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