Weatherstone Capital Management bought a new stake in Tactile Systems Technology Inc (NASDAQ:TCMD) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,433 shares of the company’s stock, valued at approximately $315,000.
Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Tactile Systems Technology by 10.7% during the third quarter. BlackRock Inc. now owns 2,601,804 shares of the company’s stock worth $184,857,000 after purchasing an additional 250,504 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Tactile Systems Technology by 142.0% in the 3rd quarter. Wells Fargo & Company MN now owns 264,634 shares of the company’s stock valued at $18,803,000 after purchasing an additional 155,289 shares in the last quarter. Rehmann Capital Advisory Group boosted its holdings in Tactile Systems Technology by 50,481.5% in the 3rd quarter. Rehmann Capital Advisory Group now owns 76,378 shares of the company’s stock valued at $1,075,000 after purchasing an additional 76,227 shares in the last quarter. Castleark Management LLC purchased a new stake in Tactile Systems Technology in the 3rd quarter valued at approximately $4,885,000. Finally, Vanguard Group Inc boosted its stake in shares of Tactile Systems Technology by 6.8% during the 3rd quarter. Vanguard Group Inc now owns 1,010,783 shares of the company’s stock worth $71,816,000 after acquiring an additional 63,944 shares in the last quarter. Hedge funds and other institutional investors own 96.24% of the company’s stock.
Tactile Systems Technology stock traded up $1.94 during midday trading on Wednesday, reaching $76.05. The stock had a trading volume of 6,408 shares, compared to its average volume of 157,235. Tactile Systems Technology Inc has a twelve month low of $29.02 and a twelve month high of $75.46. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 362.52, a P/E/G ratio of 16.31 and a beta of 2.35.
TCMD has been the topic of a number of recent research reports. BidaskClub raised Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 14th. Northland Securities restated a “hold” rating and set a $38.00 price objective on shares of Tactile Systems Technology in a report on Friday, January 11th. Zacks Investment Research upgraded Tactile Systems Technology from a “hold” rating to a “strong-buy” rating and set a $69.00 price objective for the company in a report on Friday, January 11th. ValuEngine upgraded Tactile Systems Technology from a “hold” rating to a “buy” rating in a report on Wednesday, January 9th. Finally, Piper Jaffray Companies increased their price target on Tactile Systems Technology to $80.00 and gave the company a “positive” rating in a report on Monday, January 7th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. Tactile Systems Technology presently has a consensus rating of “Buy” and an average target price of $65.50.
Tactile Systems Technology Company Profile
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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