Calamos Advisors LLC Takes Position in Asante Solutions Inc (PUMP)

Calamos Advisors LLC acquired a new stake in Asante Solutions Inc (NASDAQ:PUMP) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 28,130 shares of the company’s stock, valued at approximately $634,000.

A number of other hedge funds also recently made changes to their positions in PUMP. United Services Automobile Association raised its holdings in shares of Asante Solutions by 0.8% during the fourth quarter. United Services Automobile Association now owns 598,224 shares of the company’s stock valued at $7,370,000 after acquiring an additional 4,780 shares in the last quarter. Strs Ohio raised its holdings in shares of Asante Solutions by 2.2% during the fourth quarter. Strs Ohio now owns 230,000 shares of the company’s stock valued at $2,833,000 after acquiring an additional 5,000 shares in the last quarter. Bremer Trust National Association bought a new position in shares of Asante Solutions during the fourth quarter valued at approximately $64,000. Arizona State Retirement System raised its holdings in shares of Asante Solutions by 6.2% during the fourth quarter. Arizona State Retirement System now owns 113,249 shares of the company’s stock valued at $1,395,000 after acquiring an additional 6,600 shares in the last quarter. Finally, LS Investment Advisors LLC raised its holdings in shares of Asante Solutions by 450.0% during the fourth quarter. LS Investment Advisors LLC now owns 10,411 shares of the company’s stock valued at $128,000 after acquiring an additional 8,518 shares in the last quarter.

In other news, Director Spencer D. Armour III sold 67,500 shares of the stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $17.15, for a total value of $1,157,625.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Spencer D. Armour III sold 22,500 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $19.24, for a total value of $432,900.00. The disclosure for this sale can be found here.

PUMP has been the subject of a number of recent analyst reports. Raymond James set a $24.00 target price on Asante Solutions and gave the company a “buy” rating in a report on Wednesday, January 23rd. Zacks Investment Research upgraded Asante Solutions from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Tuesday, January 8th. Tudor Pickering upgraded Asante Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, January 8th. Johnson Rice upgraded Asante Solutions from a “hold” rating to a “buy” rating in a report on Monday, January 7th. Finally, Royal Bank of Canada set a $24.00 price objective on Asante Solutions and gave the stock a “buy” rating in a report on Thursday, February 28th. One investment analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $23.88.

PUMP opened at $23.92 on Tuesday. Asante Solutions Inc has a 12-month low of $11.27 and a 12-month high of $24.27.

Asante Solutions (NASDAQ:PUMP) last posted its quarterly earnings data on Tuesday, February 26th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. The firm had revenue of $425.41 million during the quarter, compared to the consensus estimate of $423.45 million. During the same quarter last year, the company posted $0.12 EPS. Asante Solutions’s revenue for the quarter was up 35.6% compared to the same quarter last year.

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Asante Solutions Company Profile

Asante Solutions, Inc is a medical device company. The Company is a manufacturer of Asante Snap Insulin Pump System (Snap system), which is a pump featuring a modular design with pre-filled insulin cartridges and disposable pump bodies, utilized in combination with a controller. The Snap system comprises four components: the Snap system controller, a disposable pump body, disposable pre-filled insulin cartridges and disposable infusion sets.

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Institutional Ownership by Quarter for Asante Solutions (NASDAQ:PUMP)

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