Meeder Asset Management Inc. Acquires 4,284 Shares of Asante Solutions Inc (NASDAQ:PUMP)

Meeder Asset Management Inc. raised its holdings in shares of Asante Solutions Inc (NASDAQ:PUMP) by 25.2% in the second quarter, Holdings Channel.com reports. The firm owned 21,269 shares of the company’s stock after purchasing an additional 4,284 shares during the period. Meeder Asset Management Inc.’s holdings in Asante Solutions were worth $440,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. LS Investment Advisors LLC increased its stake in shares of Asante Solutions by 4.2% during the first quarter. LS Investment Advisors LLC now owns 10,846 shares of the company’s stock valued at $244,000 after purchasing an additional 435 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Asante Solutions by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 28,481 shares of the company’s stock valued at $642,000 after buying an additional 514 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Asante Solutions by 0.7% during the second quarter. Arizona State Retirement System now owns 115,272 shares of the company’s stock valued at $2,386,000 after buying an additional 822 shares during the last quarter. Mason Street Advisors LLC grew its holdings in shares of Asante Solutions by 4.3% during the first quarter. Mason Street Advisors LLC now owns 23,827 shares of the company’s stock valued at $537,000 after buying an additional 989 shares during the last quarter. Finally, Comerica Bank grew its holdings in shares of Asante Solutions by 2.8% during the first quarter. Comerica Bank now owns 73,716 shares of the company’s stock valued at $1,733,000 after buying an additional 1,988 shares during the last quarter.

A number of equities research analysts have recently commented on the stock. Citigroup cut shares of Asante Solutions from a “buy” rating to a “neutral” rating and cut their price target for the company from $25.00 to $17.60 in a report on Friday, August 9th. B. Riley assumed coverage on shares of Asante Solutions in a report on Friday, May 17th. They set a “buy” rating and a $29.00 price target on the stock. Stifel Nicolaus cut shares of Asante Solutions to a “buy” rating and set a $9.00 price target on the stock. in a report on Thursday, May 23rd. BidaskClub cut shares of Asante Solutions from a “sell” rating to a “strong sell” rating in a report on Saturday, July 27th. Finally, Evercore ISI reiterated a “buy” rating and set a $26.00 price target on shares of Asante Solutions in a report on Sunday, August 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $21.41.

In related news, Director Spencer D. Armour III sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $18.95, for a total value of $426,375.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Shares of PUMP stock opened at $11.08 on Friday. Asante Solutions Inc has a 12-month low of $10.91 and a 12-month high of $25.38. The firm’s 50 day moving average is $16.26 and its 200 day moving average is $19.49.

Asante Solutions (NASDAQ:PUMP) last issued its earnings results on Thursday, August 8th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.31). The company had revenue of $529.50 million for the quarter, compared to the consensus estimate of $525.58 million. During the same quarter in the prior year, the company earned $0.45 EPS. The company’s revenue was up 15.1% compared to the same quarter last year.

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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