Great West Life Assurance Co. Can lowered its holdings in athenahealth, Inc (NASDAQ:ATHN) by 17.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,278 shares of the health services provider’s stock after selling 898 shares during the quarter. Great West Life Assurance Co. Can’s holdings in athenahealth were worth $613,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ATHN. Teacher Retirement System of Texas increased its stake in shares of athenahealth by 310.9% in the fourth quarter. Teacher Retirement System of Texas now owns 13,538 shares of the health services provider’s stock worth $1,801,000 after acquiring an additional 10,243 shares during the period. California Public Employees Retirement System increased its stake in shares of athenahealth by 3.2% in the fourth quarter. California Public Employees Retirement System now owns 77,400 shares of the health services provider’s stock worth $10,297,000 after acquiring an additional 2,400 shares during the period. Swiss National Bank increased its stake in shares of athenahealth by 2.0% in the fourth quarter. Swiss National Bank now owns 67,930 shares of the health services provider’s stock worth $9,037,000 after acquiring an additional 1,300 shares during the period. Wells Fargo & Company MN increased its stake in shares of athenahealth by 5.4% in the fourth quarter. Wells Fargo & Company MN now owns 82,747 shares of the health services provider’s stock worth $11,009,000 after acquiring an additional 4,243 shares during the period. Finally, Capital Fund Management S.A. acquired a new stake in shares of athenahealth in the fourth quarter worth $953,000.

athenahealth opened at $159.14 on Friday, according to MarketBeat.com. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.25. The firm has a market cap of $6.33 billion, a price-to-earnings ratio of 101.36, a P/E/G ratio of 2.93 and a beta of 1.26. athenahealth, Inc has a 52-week low of $111.61 and a 52-week high of $163.94.

athenahealth (NASDAQ:ATHN) last posted its quarterly earnings data on Thursday, April 26th. The health services provider reported $1.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.53. The business had revenue of $329.40 million for the quarter, compared to the consensus estimate of $318.13 million. athenahealth had a net margin of 6.77% and a return on equity of 13.01%. The company’s revenue was up 15.4% compared to the same quarter last year. During the same period last year, the firm posted $0.32 earnings per share. research analysts anticipate that athenahealth, Inc will post 2.9 earnings per share for the current fiscal year.

ATHN has been the topic of a number of research reports. JPMorgan Chase & Co. initiated coverage on shares of athenahealth in a research note on Tuesday, April 24th. They issued a “neutral” rating and a $159.00 price objective on the stock. Leerink Swann reiterated a “hold” rating on shares of athenahealth in a research note on Friday, April 27th. ValuEngine lowered shares of athenahealth from a “hold” rating to a “sell” rating in a research note on Friday, April 27th. Citigroup lowered their price target on shares of athenahealth from $148.00 to $140.00 and set a “neutral” rating on the stock in a report on Monday, April 30th. Finally, Royal Bank of Canada set a $136.00 price target on shares of athenahealth and gave the stock a “hold” rating in a report on Monday, April 30th. Eighteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. athenahealth currently has a consensus rating of “Hold” and a consensus price target of $154.81.

In other news, SVP Jonathan D. Porter sold 422 shares of the firm’s stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $153.30, for a total value of $64,692.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jonathan Bush sold 5,000 shares of the firm’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $140.47, for a total transaction of $702,350.00. Following the completion of the transaction, the chief executive officer now directly owns 340,106 shares in the company, valued at $47,774,689.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,829 shares of company stock worth $6,223,481. Insiders own 2.90% of the company’s stock.

About athenahealth

athenahealth, Inc, together with its subsidiaries, provides network-based medical record, revenue cycle, patient engagement, care coordination, and population health services for medical groups and health systems. It offers athenaCollector, a network-enabled billing and practice management solution; athenaClinicals, an electronic health record for managing patient's clinical documentation; athenaCommunicator, an engagement and communication solution that provides an automated communication service between patients and provider practices for interactions outside the exam room; and athenaCoordinator for order transmission and care coordination services.

Institutional Ownership by Quarter for athenahealth (NASDAQ:ATHN)

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