State Street Corp Has $7.87 Million Position in Tactile Systems Technology, Inc. (NASDAQ:TCMD)

State Street Corp reduced its position in Tactile Systems Technology, Inc. (NASDAQ:TCMD - Free Report) by 6.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 538,897 shares of the company's stock after selling 34,608 shares during the quarter. State Street Corp owned about 2.25% of Tactile Systems Technology worth $7,873,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TCMD. Arcadia Investment Management Corp MI acquired a new stake in shares of Tactile Systems Technology during the 3rd quarter worth approximately $29,000. ClariVest Asset Management LLC raised its stake in Tactile Systems Technology by 2.9% during the second quarter. ClariVest Asset Management LLC now owns 83,195 shares of the company's stock worth $993,000 after acquiring an additional 2,326 shares in the last quarter. Gladius Capital Management LP bought a new position in shares of Tactile Systems Technology in the third quarter worth about $44,000. Quarry LP acquired a new stake in shares of Tactile Systems Technology in the 2nd quarter valued at approximately $46,000. Finally, Rhumbline Advisers grew its holdings in shares of Tactile Systems Technology by 11.6% during the 2nd quarter. Rhumbline Advisers now owns 39,318 shares of the company's stock valued at $469,000 after purchasing an additional 4,099 shares during the last quarter. 83.43% of the stock is currently owned by institutional investors and hedge funds.

Tactile Systems Technology Trading Down 3.0 %

TCMD stock traded down $0.54 during midday trading on Friday, hitting $17.25. The stock had a trading volume of 438,013 shares, compared to its average volume of 258,690. The firm has a market cap of $413.95 million, a P/E ratio of 26.54 and a beta of 1.20. The business has a fifty day moving average price of $16.61 and a two-hundred day moving average price of $14.22. The company has a current ratio of 4.37, a quick ratio of 3.80 and a debt-to-equity ratio of 0.12. Tactile Systems Technology, Inc. has a 1-year low of $11.12 and a 1-year high of $21.10.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TCMD shares. B. Riley initiated coverage on shares of Tactile Systems Technology in a research note on Thursday, September 26th. They set a "buy" rating and a $23.00 target price on the stock. Oppenheimer cut Tactile Systems Technology from an "outperform" rating to a "market perform" rating in a report on Tuesday, November 5th. BTIG Research downgraded shares of Tactile Systems Technology from a "buy" rating to a "neutral" rating in a research report on Tuesday, November 5th. Finally, StockNews.com upgraded shares of Tactile Systems Technology from a "buy" rating to a "strong-buy" rating in a research report on Friday, December 20th.

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.