Principal Financial Group Inc. trimmed its position in athenahealth, Inc (NASDAQ:ATHN) by 25.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,735 shares of the health services provider’s stock after selling 1,609 shares during the period. Principal Financial Group Inc.’s holdings in athenahealth were worth $625,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Essex Savings Bank bought a new stake in athenahealth in the 4th quarter worth about $33,000. Larson Financial Group LLC bought a new stake in athenahealth in the 4th quarter worth about $40,000. Enlightenment Research LLC bought a new stake in athenahealth in the 4th quarter worth about $79,000. Quantamental Technologies LLC bought a new stake in athenahealth in the 4th quarter worth about $191,000. Finally, Vivaldi Capital Management LLC bought a new stake in athenahealth in the 4th quarter worth about $244,000. 94.33% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on ATHN shares. ValuEngine raised shares of athenahealth from a “hold” rating to a “buy” rating in a research report on Tuesday, December 25th. BidaskClub raised shares of athenahealth from a “sell” rating to a “hold” rating in a research report on Tuesday, December 25th. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $147.75.

athenahealth stock opened at $134.99 on Monday. athenahealth, Inc has a twelve month low of $116.77 and a twelve month high of $163.94. The company has a market cap of $5.48 billion, a PE ratio of 85.98, a P/E/G ratio of 2.41 and a beta of 0.75. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.22.

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athenahealth Profile

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.

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Institutional Ownership by Quarter for athenahealth (NASDAQ:ATHN)

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