NumerixS Investment Technologies Inc boosted its stake in shares of Tactile Systems Technology Inc (NASDAQ:TCMD) by 240.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,700 shares of the company’s stock after buying an additional 1,200 shares during the period. NumerixS Investment Technologies Inc’s holdings in Tactile Systems Technology were worth $75,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. BlackRock Inc. raised its holdings in Tactile Systems Technology by 1.7% during the 4th quarter. BlackRock Inc. now owns 2,645,719 shares of the company’s stock worth $120,512,000 after buying an additional 43,915 shares during the period. Vanguard Group Inc. raised its holdings in 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 buying an additional 63,944 shares during the period. Vanguard Group Inc raised its holdings in 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 buying an additional 63,944 shares during the period. Fort Washington Investment Advisors Inc. OH raised its holdings in Tactile Systems Technology by 17.6% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 329,496 shares of the company’s stock worth $15,009,000 after buying an additional 49,342 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Tactile Systems Technology by 7.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 284,180 shares of the company’s stock worth $20,191,000 after buying an additional 19,659 shares during the period. Hedge funds and other institutional investors own 98.90% of the company’s stock.

In related news, COO Robert J. Folkes sold 2,500 shares of the firm’s stock in a transaction on Tuesday, January 15th. The shares were sold at an average price of $59.49, for a total value of $148,725.00. Following the completion of the transaction, the chief operating officer now directly owns 110,270 shares of the company’s stock, valued at $6,559,962.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gerald R. Mattys sold 27,302 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $71.53, for a total transaction of $1,952,912.06. Following the completion of the transaction, the chief executive officer now directly owns 288,432 shares of the company’s stock, valued at $20,631,540.96. The disclosure for this sale can be found here. Insiders sold 133,727 shares of company stock valued at $8,835,265 over the last three months. 8.70% of the stock is owned by company insiders.

NASDAQ:TCMD opened at $63.19 on Friday. Tactile Systems Technology Inc has a 1-year low of $30.21 and a 1-year high of $76.63. The firm has a market capitalization of $1.18 billion, a P/E ratio of 225.68, a PEG ratio of 10.02 and a beta of 2.36.

Several brokerages have commented on TCMD. Canaccord Genuity raised their target price on shares of Tactile Systems Technology from $55.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, March 1st. BTIG Research reaffirmed a “hold” rating on shares of Tactile Systems Technology in a research note on Tuesday, March 5th. Zacks Investment Research raised shares of Tactile Systems Technology from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a research note on Wednesday. BidaskClub cut shares of Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Finally, Northland Securities raised shares of Tactile Systems Technology from an “under perform” rating to a “market perform” rating in a research note on Wednesday, January 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Tactile Systems Technology currently has an average rating of “Buy” and an average price target of $70.00.

ILLEGAL ACTIVITY WARNING: “Tactile Systems Technology Inc (TCMD) Shares Bought by NumerixS Investment Technologies Inc” was first posted by Marea Informative and is owned by of Marea Informative. If you are reading this story on another publication, it was copied illegally and reposted in violation of international trademark & copyright law. The legal version of this story can be accessed at https://www.mareainformativa.com/news/2019/03/17/tactile-systems-technology-inc-tcmd-shares-bought-by-numerixs-investment-technologies-inc.html.

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.

Featured Story: What are the benefits of momentum investing?

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 & Ratings for Tactile Systems Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tactile Systems Technology and related companies with MarketBeat.com's FREE daily email newsletter.