Asante Solutions Inc (NASDAQ:PUMP) Director Spencer D. Armour III sold 22,500 shares of Asante Solutions stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $23.96, for a total value of $539,100.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

NASDAQ:PUMP opened at $23.72 on Friday. Asante Solutions Inc has a one year low of $11.27 and a one year high of $24.55.

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

A number of large investors have recently bought and sold shares of PUMP. Teachers Advisors LLC grew its stake in Asante Solutions by 607.8% in the third quarter. Teachers Advisors LLC now owns 879,103 shares of the company’s stock worth $14,496,000 after purchasing an additional 754,908 shares in the last quarter. Norges Bank acquired a new position in Asante Solutions in the fourth quarter valued at approximately $6,528,000. Oregon Public Employees Retirement Fund acquired a new position in Asante Solutions in the fourth quarter valued at approximately $28,000. Marshall Wace North America L.P. acquired a new position in Asante Solutions in the third quarter valued at approximately $4,451,000. Finally, Bank of New York Mellon Corp boosted its stake in Asante Solutions by 12.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,112,627 shares of the company’s stock valued at $13,708,000 after acquiring an additional 118,785 shares during the period.

A number of analysts have recently issued reports on PUMP shares. Royal Bank of Canada set a $24.00 target price on Asante Solutions and gave the stock a “buy” rating in a research report on Thursday, February 28th. Bank of America reaffirmed a “neutral” rating on shares of Asante Solutions in a research report on Tuesday. Credit Suisse Group lifted their target price on Asante Solutions from $19.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, February 28th. Zacks Investment Research raised Asante Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday, February 5th. Finally, Raymond James set a $24.00 target price on Asante Solutions and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. Two analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Asante Solutions has a consensus rating of “Buy” and a consensus price target of $23.88.

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About Asante Solutions

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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