Canada Pension Plan Investment Board raised its position in shares of athenahealth, Inc. (NASDAQ:ATHN) by 15.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 46,800 shares of the health services provider’s stock after purchasing an additional 6,300 shares during the quarter. Canada Pension Plan Investment Board owned 0.12% of athenahealth worth $5,820,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Advisor Group Inc. grew its stake in shares of athenahealth by 2.8% during the 2nd quarter. Advisor Group Inc. now owns 1,744 shares of the health services provider’s stock valued at $244,000 after purchasing an additional 47 shares during the period. Seven Bridges Advisors LLC grew its stake in shares of athenahealth by 5.4% during the 2nd quarter. Seven Bridges Advisors LLC now owns 1,303 shares of the health services provider’s stock valued at $183,000 after acquiring an additional 67 shares during the period. Teacher Retirement System of Texas grew its stake in shares of athenahealth by 2.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,156 shares of the health services provider’s stock valued at $444,000 after acquiring an additional 67 shares during the period. State of Wisconsin Investment Board grew its stake in shares of athenahealth by 0.9% during the 2nd quarter. State of Wisconsin Investment Board now owns 7,868 shares of the health services provider’s stock valued at $1,106,000 after acquiring an additional 70 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in shares of athenahealth by 7.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,179 shares of the health services provider’s stock valued at $166,000 after acquiring an additional 84 shares during the period.

ATHN has been the subject of a number of recent research reports. William Blair reiterated a “market perform” rating on shares of athenahealth in a research note on Friday, July 21st. Cantor Fitzgerald reiterated a “hold” rating and set a $120.00 price objective on shares of athenahealth in a research note on Friday, October 27th. Robert W. Baird reiterated a “buy” rating and set a $170.00 price objective on shares of athenahealth in a research note on Thursday, August 31st. KeyCorp reiterated a “buy” rating and set a $170.00 price objective on shares of athenahealth in a research note on Sunday, September 17th. Finally, J P Morgan Chase & Co set a $136.00 price objective on athenahealth and gave the company a “hold” rating in a research note on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have assigned a buy rating to the stock. athenahealth currently has a consensus rating of “Hold” and a consensus price target of $143.22.

In related news, SVP Jonathan D. Porter sold 300 shares of athenahealth stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $130.38, for a total transaction of $39,114.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jonathan Bush sold 4,000 shares of athenahealth stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $124.17, for a total value of $496,680.00. Following the transaction, the chief executive officer now owns 319,807 shares in the company, valued at approximately $39,710,435.19. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,483 shares of company stock worth $1,637,372. 3.20% of the stock is owned by corporate insiders.

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athenahealth, Inc. (NASDAQ ATHN) opened at $125.57 on Tuesday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $5,030.00, a P/E ratio of 105.54, a P/E/G ratio of 5.01 and a beta of 1.57. athenahealth, Inc. has a 12-month low of $90.11 and a 12-month high of $158.66.

athenahealth (NASDAQ:ATHN) last announced its quarterly earnings results on Thursday, October 19th. The health services provider reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.06. athenahealth had a return on equity of 6.78% and a net margin of 2.65%. The company had revenue of $304.60 million during the quarter, compared to analysts’ expectations of $310.52 million. During the same period last year, the business earned $0.60 earnings per share. athenahealth’s quarterly revenue was up 10.1% on a year-over-year basis. equities analysts predict that athenahealth, Inc. will post 1.12 EPS for the current year.

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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