Nuveen LLC Purchases New Shares in Tactile Systems Technology, Inc. $TCMD

Nuveen LLC purchased a new stake in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 59,198 shares of the company's stock, valued at approximately $783,000. Nuveen LLC owned 0.25% of Tactile Systems Technology as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TCMD. Wells Fargo & Company MN lifted its position in Tactile Systems Technology by 29.2% during the 4th quarter. Wells Fargo & Company MN now owns 16,719 shares of the company's stock valued at $286,000 after acquiring an additional 3,775 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Tactile Systems Technology in the fourth quarter worth approximately $330,000. Dimensional Fund Advisors LP grew its stake in shares of Tactile Systems Technology by 8.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 901,551 shares of the company's stock worth $15,444,000 after acquiring an additional 67,934 shares during the period. State of Tennessee Department of Treasury bought a new stake in shares of Tactile Systems Technology in the fourth quarter worth approximately $145,000. Finally, Price T Rowe Associates Inc. MD grew its position in Tactile Systems Technology by 11.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,008 shares of the company's stock valued at $343,000 after buying an additional 2,006 shares during the period. Hedge funds and other institutional investors own 83.43% of the company's stock.

Insider Transactions at Tactile Systems Technology

In related news, CEO Sheri Louise Dodd sold 7,762 shares of Tactile Systems Technology stock in a transaction on Friday, August 8th. The shares were sold at an average price of $12.36, for a total value of $95,938.32. Following the sale, the chief executive officer owned 173,479 shares of the company's stock, valued at approximately $2,144,200.44. This trade represents a 4.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.50% of the company's stock.

Wall Street Analysts Forecast Growth

TCMD has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Tactile Systems Technology from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. William Blair upgraded shares of Tactile Systems Technology to a "strong-buy" rating in a research report on Tuesday, August 5th. Finally, B. Riley reiterated a "neutral" rating and set a $13.00 price objective (up previously from $12.00) on shares of Tactile Systems Technology in a research report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $13.50.

Tactile Systems Technology Stock Performance

Shares of Tactile Systems Technology stock traded up $0.04 during midday trading on Friday, hitting $13.46. The company had a trading volume of 138,415 shares, compared to its average volume of 205,553. The stock has a market cap of $300.02 million, a price-to-earnings ratio of 21.71 and a beta of 1.04. The company has a quick ratio of 3.36, a current ratio of 3.79 and a debt-to-equity ratio of 0.11. The company has a fifty day simple moving average of $11.41 and a 200 day simple moving average of $11.94. Tactile Systems Technology, Inc. has a 12-month low of $8.61 and a 12-month high of $21.10.

Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.05. The company had revenue of $78.91 million during the quarter, compared to analyst estimates of $73.93 million. Tactile Systems Technology had a net margin of 5.06% and a return on equity of 7.72%. Tactile Systems Technology has set its FY 2025 guidance at EPS. As a group, analysts predict that Tactile Systems Technology, Inc. will post 0.7 earnings per share for the current fiscal year.

About Tactile Systems Technology

Tactile Systems Technology, Inc, a medical technology company, develops and provides medical devices to treat underserved chronic diseases in the United States. It offers Flexitouch Plus system, a pneumatic compression device for the treatment of lymphedema in the home setting; and Entre Plus System, a portable pneumatic compression device for the at-home treatment of venous disorders, such as lymphedema and chronic venous insufficiency, including venous leg ulcers.