DE Burlo Group Inc. bought a new position in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 69,500 shares of the company’s stock, valued at approximately $2,151,000. DE Burlo Group Inc. owned 0.40% of Tactile Systems Technology as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Peregrine Capital Management LLC acquired a new stake in shares of Tactile Systems Technology during the third quarter worth $16,984,000. Russell Investments Group Ltd. acquired a new stake in shares of Tactile Systems Technology in the 2nd quarter worth about $13,304,000. Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of Tactile Systems Technology in the 2nd quarter worth about $12,489,000. Vanguard Group Inc. increased its holdings in shares of Tactile Systems Technology by 18.8% in the 2nd quarter. Vanguard Group Inc. now owns 376,161 shares of the company’s stock worth $10,750,000 after acquiring an additional 59,595 shares during the period. Finally, Lord Abbett & CO. LLC increased its holdings in shares of Tactile Systems Technology by 108.3% in the 2nd quarter. Lord Abbett & CO. LLC now owns 371,980 shares of the company’s stock worth $10,631,000 after acquiring an additional 193,429 shares during the period. 48.53% of the stock is currently owned by institutional investors.

Tactile Systems Technology, Inc. (NASDAQ TCMD) traded down $3.10 during mid-day trading on Wednesday, hitting $23.60. 547,514 shares of the company were exchanged, compared to its average volume of 211,948. Tactile Systems Technology, Inc. has a 1-year low of $14.37 and a 1-year high of $37.88. The firm has a market cap of $481.29, a PE ratio of 303.33, a PEG ratio of 5.61 and a beta of -0.57.

Tactile Systems Technology (NASDAQ:TCMD) last released its quarterly earnings data on Tuesday, November 7th. The company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.02. The business had revenue of $28.28 million for the quarter, compared to analysts’ expectations of $27.66 million. Tactile Systems Technology had a net margin of 4.97% and a return on equity of 3.05%. The company’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.01 EPS. sell-side analysts predict that Tactile Systems Technology, Inc. will post 0.24 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This news story was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another website, it was illegally stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/11/08/69500-shares-in-tactile-systems-technology-inc-tcmd-purchased-by-de-burlo-group-inc.html.

In related news, VP Bryan Rishe sold 1,500 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $27.21, for a total value of $40,815.00. Following the completion of the transaction, the vice president now owns 105,307 shares in the company, valued at approximately $2,865,403.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Robert J. Folkes sold 4,455 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $28.32, for a total transaction of $126,165.60. The disclosure for this sale can be found here. Insiders sold a total of 1,078,547 shares of company stock valued at $33,504,374 in the last quarter. 49.90% of the stock is currently owned by insiders.

A number of analysts recently weighed in on TCMD shares. Guggenheim started coverage on shares of Tactile Systems Technology in a report on Thursday, October 12th. They issued a “buy” rating and a $47.00 price objective on the stock. BTIG Research cut shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a report on Monday, September 18th. ValuEngine raised shares of Tactile Systems Technology from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Zacks Investment Research cut shares of Tactile Systems Technology from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, Northland Securities started coverage on shares of Tactile Systems Technology in a report on Tuesday, October 17th. They issued a “market perform” rating on the stock. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $35.75.

Tactile Systems Technology Profile

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.

Want to see what other hedge funds are holding TCMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tactile Systems Technology, Inc. (NASDAQ:TCMD).

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

Receive News & Stock Ratings for Tactile Systems Technology Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tactile Systems Technology Inc. and related stocks with our FREE daily email newsletter.