Artisan Partners Limited Partnership decreased its position in athenahealth, Inc. (NASDAQ:ATHN) by 54.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 612,536 shares of the health services provider’s stock after selling 730,508 shares during the period. Artisan Partners Limited Partnership owned 1.53% of athenahealth worth $86,092,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. ProShare Advisors LLC bought a new position in athenahealth in the second quarter valued at about $205,000. Amalgamated Bank boosted its holdings in athenahealth by 29.5% in the second quarter. Amalgamated Bank now owns 7,364 shares of the health services provider’s stock valued at $1,035,000 after acquiring an additional 1,677 shares during the last quarter. BlackRock Inc. boosted its holdings in athenahealth by 2.0% in the second quarter. BlackRock Inc. now owns 1,631,993 shares of the health services provider’s stock valued at $229,377,000 after acquiring an additional 32,146 shares during the last quarter. Ameriprise Financial Inc. bought a new position in athenahealth in the second quarter valued at about $206,000. Finally, Teachers Advisors LLC boosted its holdings in athenahealth by 4.3% in the second quarter. Teachers Advisors LLC now owns 74,015 shares of the health services provider’s stock valued at $10,403,000 after acquiring an additional 3,072 shares during the last quarter.
athenahealth, Inc. (NASDAQ ATHN) traded down 1.429% during midday trading on Tuesday, hitting $125.175. The stock had a trading volume of 25,568 shares. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of 158.852 and a beta of 1.79. The company’s 50 day moving average price is $138.63 and its 200-day moving average price is $129.10. athenahealth, Inc. has a 52 week low of $90.11 and a 52 week high of $158.66.
athenahealth (NASDAQ:ATHN) last announced its quarterly earnings data on Thursday, July 20th. The health services provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.12. The company had revenue of $301.10 million for the quarter, compared to the consensus estimate of $298.68 million. athenahealth had a return on equity of 6.91% and a net margin of 2.80%. The firm’s revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 EPS. Equities analysts anticipate that athenahealth, Inc. will post $1.91 earnings per share for the current fiscal year.
Several equities analysts recently issued reports on the company. Royal Bank Of Canada assumed coverage on athenahealth in a report on Tuesday. They issued a “sector perform” rating and a $153.00 price target on the stock. KeyCorp reiterated a “buy” rating and issued a $170.00 price target on shares of athenahealth in a report on Sunday. Jefferies Group LLC decreased their price target on athenahealth from $135.00 to $120.00 and set a “hold” rating on the stock in a report on Friday. Robert W. Baird reiterated a “buy” rating and issued a $170.00 price target on shares of athenahealth in a report on Thursday, August 31st. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $125.00 price target (up previously from $108.00) on shares of athenahealth in a report on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company. athenahealth presently has a consensus rating of “Hold” and a consensus price target of $149.91.
In related news, SVP Jonathan D. Porter sold 300 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $143.13, for a total transaction of $42,939.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jonathan Bush sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $140.52, for a total value of $562,080.00. Following the transaction, the chief executive officer now directly owns 319,807 shares in the company, valued at $44,939,279.64. The disclosure for this sale can be found here. Insiders sold a total of 15,722 shares of company stock worth $2,221,721 over the last three months. 3.20% of the stock is owned by company insiders.
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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.
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