Deutsche Bank AG Buys Shares of 172,782 Tactile Systems Technology, Inc. $TCMD

Deutsche Bank AG bought a new position in Tactile Systems Technology, Inc. (NASDAQ:TCMD - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 172,782 shares of the company's stock, valued at approximately $5,145,000. Deutsche Bank AG owned approximately 0.77% of Tactile Systems Technology at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of TCMD. LSV Asset Management increased its holdings in Tactile Systems Technology by 119.8% in the 4th quarter. LSV Asset Management now owns 323,004 shares of the company's stock worth $9,367,000 after buying an additional 176,059 shares in the last quarter. Vanguard Group Inc. lifted its stake in Tactile Systems Technology by 4.8% during the 4th quarter. Vanguard Group Inc. now owns 1,651,170 shares of the company's stock valued at $47,884,000 after acquiring an additional 76,198 shares during the period. RFG Advisory LLC purchased a new stake in shares of Tactile Systems Technology during the 4th quarter valued at about $1,529,000. Segall Bryant & Hamill LLC bought a new stake in shares of Tactile Systems Technology in the first quarter worth approximately $1,290,000. Finally, Janus Henderson Group PLC raised its holdings in shares of Tactile Systems Technology by 67.4% during the first quarter. Janus Henderson Group PLC now owns 317,695 shares of the company's stock valued at $8,301,000 after purchasing an additional 127,942 shares during the last quarter. Hedge funds and other institutional investors own 83.43% of the company's stock.

Insider Buying and Selling

In related news, CEO Sheri Louise Dodd sold 10,978 shares of Tactile Systems Technology stock in a transaction on Monday, August 10th. The stock was sold at an average price of $29.44, for a total transaction of $323,192.32. Following the transaction, the chief executive officer directly owned 232,907 shares in the company, valued at approximately $6,856,782.08. The trade was a 4.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 2.10% of the company's stock.

Tactile Systems Technology Trading Down 1.9%

Shares of TCMD stock opened at $23.36 on Tuesday. Tactile Systems Technology, Inc. has a 12 month low of $12.81 and a 12 month high of $37.77. The stock has a market cap of $529.10 million, a P/E ratio of 21.63 and a beta of 0.81. The company has a 50 day simple moving average of $27.80 and a two-hundred day simple moving average of $26.70.

Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.20. Tactile Systems Technology had a net margin of 7.10% and a return on equity of 11.49%. The business had revenue of $85.70 million for the quarter, compared to analysts' expectations of $85.52 million. As a group, equities analysts forecast that Tactile Systems Technology, Inc. will post 1.07 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on TCMD. Weiss Ratings upgraded shares of Tactile Systems Technology from a "hold (c-)" rating to a "hold (c+)" rating in a report on Monday, August 17th. B. Riley Financial raised Tactile Systems Technology from a "neutral" rating to a "buy" rating and increased their price target for the company from $32.00 to $36.00 in a report on Thursday, May 7th. Wall Street Zen downgraded Tactile Systems Technology from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 15th. Finally, BTIG Research cut their price objective on Tactile Systems Technology from $40.00 to $39.00 and set a "buy" rating for the company in a report on Tuesday, August 11th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $38.40.

About Tactile Systems Technology

Tactile Systems Technology, Inc, headquartered in Plymouth, Minnesota, is a medical device company specializing in the design, manufacture and marketing of home-use pneumatic compression therapy systems for the treatment of lymphedema and other chronic edema-related conditions. Using proprietary software and patented pump technologies, the company's platforms are designed to improve patient outcomes through sequential pressure treatment that promotes fluid mobilization and enhanced lymphatic function.

At the core of Tactile Systems' product portfolio is the Flexitouch® system, a programmable pneumatic pump and garment system approved for home use, and the Aria® device, which features an intuitive touchscreen interface and advanced garment design.

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 - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source