Strs Ohio purchased a new position in Asante Solutions Inc (NASDAQ:PUMP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 150,000 shares of the company’s stock, valued at approximately $2,352,000. Strs Ohio owned approximately 0.18% of Asante Solutions as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Everence Capital Management Inc. acquired a new position in Asante Solutions in the second quarter worth about $170,000. Amalgamated Bank acquired a new position in Asante Solutions in the second quarter worth about $179,000. GW&K Investment Management LLC acquired a new position in Asante Solutions in the first quarter worth about $224,000. Municipal Employees Retirement System of Michigan acquired a new position in Asante Solutions in the second quarter worth about $317,000. Finally, Tiverton Asset Management LLC acquired a new position in Asante Solutions in the first quarter worth about $413,000.

Shares of Asante Solutions stock opened at $16.82 on Friday. Asante Solutions Inc has a fifty-two week low of $10.97 and a fifty-two week high of $22.88.

Asante Solutions (NASDAQ:PUMP) last issued its quarterly earnings results on Tuesday, August 7th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.09). The company had revenue of $459.89 million for the quarter, compared to analyst estimates of $422.64 million.

Several analysts have recently weighed in on the stock. Capital One Financial reaffirmed an “overweight” rating on shares of Asante Solutions in a report on Wednesday, August 8th. Jefferies Financial Group reaffirmed a “buy” rating and set a $20.00 price objective on shares of Asante Solutions in a report on Friday, August 10th. Royal Bank of Canada reaffirmed a “buy” rating and set a $19.00 price objective on shares of Asante Solutions in a report on Thursday, August 9th. Macquarie assumed coverage on shares of Asante Solutions in a report on Friday, June 8th. They set a “neutral” rating and a $17.00 price objective for the company. Finally, Tudor Pickering lowered shares of Asante Solutions from a “buy” rating to a “hold” rating in a report on Friday, June 8th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $21.55.

In related news, Director Pryor Blackwell purchased 13,404 shares of the stock in a transaction that occurred on Thursday, June 7th. The stock was acquired at an average price of $15.36 per share, with a total value of $205,885.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Asante Solutions 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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