ARK Investment Management LLC decreased its holdings in athenahealth, Inc. (NASDAQ:ATHN) by 14.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 194,366 shares of the health services provider’s stock after selling 32,738 shares during the quarter. athenahealth makes up approximately 5.3% of ARK Investment Management LLC’s holdings, making the stock its 3rd largest holding. ARK Investment Management LLC owned 0.49% of athenahealth worth $27,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Scout Investments Inc. grew its holdings in athenahealth by 67.2% in the 2nd quarter. Scout Investments Inc. now owns 115,663 shares of the health services provider’s stock valued at $16,256,000 after buying an additional 46,507 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in athenahealth by 1.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 72,918 shares of the health services provider’s stock valued at $10,249,000 after buying an additional 1,222 shares during the period. BlackRock Inc. grew its holdings in athenahealth by 30,642.6% in the 1st quarter. BlackRock Inc. now owns 1,599,847 shares of the health services provider’s stock valued at $180,286,000 after buying an additional 1,594,643 shares during the period. State Street Corp grew its holdings in athenahealth by 3.7% in the 1st quarter. State Street Corp now owns 502,823 shares of the health services provider’s stock valued at $56,662,000 after buying an additional 17,718 shares during the period. Finally, UBS Asset Management Americas Inc. grew its holdings in athenahealth by 14.0% in the 1st quarter. UBS Asset Management Americas Inc. now owns 22,931 shares of the health services provider’s stock valued at $2,584,000 after buying an additional 2,820 shares during the period.

Shares of athenahealth, Inc. (NASDAQ ATHN) traded up 0.55% on Friday, reaching $122.97. The company’s stock had a trading volume of 156,761 shares. The stock has a 50-day moving average of $138.24 and a 200 day moving average of $129.15. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 156.05 and a beta of 1.79. athenahealth, Inc. has a 52 week low of $90.11 and a 52 week high of $158.66.

athenahealth (NASDAQ:ATHN) last released its quarterly earnings results on Thursday, July 20th. The health services provider reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.12. athenahealth had a return on equity of 6.91% and a net margin of 2.80%. The firm had revenue of $301.10 million during the quarter, compared to analysts’ expectations of $298.68 million. During the same period last year, the firm posted $0.34 EPS. The business’s revenue was up 15.0% on a year-over-year basis. On average, analysts expect that athenahealth, Inc. will post $1.91 EPS for the current year.

ATHN has been the subject of several recent analyst reports. TheStreet upgraded athenahealth from a “c” rating to a “b-” rating in a report on Thursday, July 20th. Piper Jaffray Companies restated a “buy” rating and issued a $152.00 price target on shares of athenahealth in a report on Friday, July 14th. Citigroup Inc. restated a “buy” rating and issued a $169.00 price target (up previously from $163.00) on shares of athenahealth in a report on Monday, July 10th. UBS AG restated a “buy” rating and issued a $152.00 price target (up previously from $123.00) on shares of athenahealth in a report on Wednesday, May 31st. Finally, BidaskClub upgraded athenahealth from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company’s stock. athenahealth currently has a consensus rating of “Hold” and an average target price of $149.91.

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In related news, Director Brandon H. Hull sold 800 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $140.81, for a total transaction of $112,648.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jonathan D. Porter sold 300 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $143.13, for a total value of $42,939.00. The disclosure for this sale can be found here. Insiders have sold a total of 15,722 shares of company stock valued at $2,221,721 over the last ninety days. Insiders own 3.20% of the company’s stock.

athenahealth Company Profile

athenahealth, Inc provides network-based medical record, revenue cycle, patient engagement, care coordination and population health services. The Company also offers Epocrates and other point-of-care mobile applications. The Company delivers majority of its service offerings through a single instance of cloud-based software, athenaNet.

Institutional Ownership by Quarter for athenahealth (NASDAQ:ATHN)

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