TIAA CREF Investment Management LLC raised its stake in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 237.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,897 shares of the company’s stock after purchasing an additional 17,512 shares during the period. TIAA CREF Investment Management LLC owned 0.15% of Tactile Systems Technology worth $712,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Tactile Systems Technology by 39.3% during the second quarter. JPMorgan Chase & Co. now owns 4,435 shares of the company’s stock valued at $127,000 after purchasing an additional 1,252 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of Tactile Systems Technology in the second quarter worth about $146,000. Bank of America Corp DE lifted its stake in shares of Tactile Systems Technology by 1,118.5% in the first quarter. Bank of America Corp DE now owns 6,982 shares of the company’s stock worth $133,000 after buying an additional 6,409 shares in the last quarter. White Pine Capital LLC purchased a new position in shares of Tactile Systems Technology in the second quarter worth about $254,000. Finally, Alliancebernstein L.P. purchased a new position in shares of Tactile Systems Technology in the second quarter worth about $266,000. 49.63% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on TCMD shares. ValuEngine raised shares of Tactile Systems Technology from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. Piper Jaffray Companies raised their price target on shares of Tactile Systems Technology from $30.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 8th. Canaccord Genuity reissued a “buy” rating and issued a $37.00 price target (up from $28.00) on shares of Tactile Systems Technology in a research note on Tuesday, August 8th. Zacks Investment Research raised shares of Tactile Systems Technology from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Thursday, August 10th. Finally, BTIG Research downgraded shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research note on Monday, September 18th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $34.25.

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Tactile Systems Technology, Inc. (TCMD) opened at $26.85 on Wednesday. Tactile Systems Technology, Inc. has a 52 week low of $14.37 and a 52 week high of $37.88. The company has a market cap of $456.00, a PE ratio of 171.73, a price-to-earnings-growth ratio of 4.95 and a beta of -0.57.

Tactile Systems Technology (NASDAQ:TCMD) last issued its earnings results on Tuesday, November 7th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. Tactile Systems Technology had a net margin of 5.84% and a return on equity of 4.75%. The company had revenue of $28.28 million for the quarter, compared to the consensus estimate of $27.66 million. During the same period in the previous year, the firm earned $0.01 earnings per share. Tactile Systems Technology’s quarterly revenue was up 25.0% compared to the same quarter last year. analysts predict that Tactile Systems Technology, Inc. will post 0.26 EPS for the current fiscal year.

In other Tactile Systems Technology news, VP Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $27.21, for a total transaction of $40,815.00. Following the completion of the sale, the vice president now directly owns 105,307 shares in the company, valued at $2,865,403.47. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Robert J. Folkes sold 2,955 shares of Tactile Systems Technology stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $32.46, for a total transaction of $95,919.30. Following the sale, the chief operating officer now owns 136,292 shares of the company’s stock, valued at $4,424,038.32. The disclosure for this sale can be found here. Insiders have sold 1,048,547 shares of company stock worth $32,560,274 over the last ninety days. 49.90% of the stock is owned by insiders.

About Tactile Systems Technology

Tactile Systems Technology, Inc is a medical technology company that develops and provides medical devices for the treatment of chronic diseases at home. The Company is a manufacturer and distributor of the Flexitouch and Entre Systems, medical devices that help control symptoms of lymphedema, a chronic and progressive medical condition that is often an unintended consequence of cancer treatment, and the ACTitouch System, a medical device used to treat venous leg ulcers and chronic venous insufficiency.

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

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