Teachers Advisors LLC Raises Stake in Asante Solutions Inc (PUMP)

Teachers Advisors LLC grew its holdings in Asante Solutions Inc (NASDAQ:PUMP) by 122.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 101,541 shares of the company’s stock after acquiring an additional 55,941 shares during the period. Teachers Advisors LLC owned about 0.12% of Asante Solutions worth $2,047,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PUMP. Exane Derivatives purchased a new position in shares of Asante Solutions in the 4th quarter valued at $108,000. Quantitative Systematic Strategies LLC purchased a new stake in Asante Solutions during the 4th quarter worth $329,000. ETRADE Capital Management LLC purchased a new stake in Asante Solutions during the 4th quarter worth $738,000. American International Group Inc. increased its stake in Asante Solutions by 126.9% during the 4th quarter. American International Group Inc. now owns 38,425 shares of the company’s stock worth $775,000 after buying an additional 21,491 shares during the period. Finally, California State Teachers Retirement System increased its stake in Asante Solutions by 91.3% during the 4th quarter. California State Teachers Retirement System now owns 89,920 shares of the company’s stock worth $1,813,000 after buying an additional 42,914 shares during the period.

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Several research firms recently issued reports on PUMP. Royal Bank of Canada set a $20.00 price target on shares of Asante Solutions and gave the stock a “buy” rating in a research note on Wednesday, March 28th. Cowen began coverage on shares of Asante Solutions in a research note on Wednesday, February 7th. They set a “market perform” rating and a $17.00 price target on the stock. Stephens began coverage on shares of Asante Solutions in a research note on Tuesday, January 9th. They set an “overweight” rating and a $24.00 price target on the stock. Piper Jaffray set a $19.00 price target on shares of Asante Solutions and gave the stock a “buy” rating in a research note on Wednesday, March 28th. Finally, Jefferies Group set a $21.00 price target on shares of Asante Solutions and gave the stock a “buy” rating in a research note on Tuesday, March 27th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $21.58.

PUMP opened at $17.87 on Tuesday. Asante Solutions Inc has a 1-year low of $10.84 and a 1-year high of $22.88.

Asante Solutions (NASDAQ:PUMP) last released its earnings results on Monday, March 26th. The company reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.25). The firm had revenue of $313.70 million for the quarter, compared to the consensus estimate of $313.34 million. The firm’s quarterly revenue was up 11.0% on a year-over-year basis.

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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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