Teacher Retirement System of Texas increased its position in shares of athenahealth, Inc. (NASDAQ:ATHN) by 2.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,156 shares of the health services provider’s stock after buying an additional 67 shares during the period. Teacher Retirement System of Texas’ holdings in athenahealth were worth $444,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. C WorldWide Group Holding A S boosted its position in athenahealth by 10.2% in the first quarter. C WorldWide Group Holding A S now owns 19,843 shares of the health services provider’s stock worth $2,236,000 after buying an additional 1,843 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in athenahealth during the first quarter worth $5,792,000. Wells Fargo & Company MN boosted its position in athenahealth by 5.0% in the first quarter. Wells Fargo & Company MN now owns 83,679 shares of the health services provider’s stock worth $9,430,000 after buying an additional 3,995 shares during the last quarter. Rockefeller Financial Services Inc. boosted its position in athenahealth by 13.1% in the first quarter. Rockefeller Financial Services Inc. now owns 8,445 shares of the health services provider’s stock worth $952,000 after buying an additional 975 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its position in athenahealth by 37.0% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 391,965 shares of the health services provider’s stock worth $44,170,000 after buying an additional 105,910 shares during the last quarter.

athenahealth, Inc. (NASDAQ:ATHN) opened at 141.34 on Monday. athenahealth, Inc. has a 52-week low of $90.11 and a 52-week high of $158.66. The company has a market cap of $5.64 billion, a P/E ratio of 179.37 and a beta of 1.77. The stock’s 50 day moving average price is $142.46 and its 200 day moving average price is $126.16.

athenahealth (NASDAQ:ATHN) last released its earnings results on Thursday, July 20th. The health services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.12. The business 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 business’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 earnings per share. Analysts expect that athenahealth, Inc. will post $1.91 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Teacher Retirement System of Texas Has $444,000 Position in athenahealth, Inc. (ATHN)” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of international copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/08/21/teacher-retirement-system-of-texas-has-444000-position-in-athenahealth-inc-athn.html.

A number of research firms have recently weighed in on ATHN. TheStreet raised athenahealth from a “c” rating to a “b-” rating in a research report on Thursday, July 20th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $190.00 price objective (up from $130.00) on shares of athenahealth in a research report on Saturday, July 22nd. Evercore ISI reaffirmed an “outperform” rating and set a $163.00 price objective (up from $155.00) on shares of athenahealth in a research report on Saturday, July 22nd. UBS AG reaffirmed a “positive” rating and set a $175.00 price objective (up from $157.00) on shares of athenahealth in a research report on Monday, July 24th. Finally, First Analysis cut athenahealth from an “equal weight” rating to an “underweight” rating and lifted their price objective for the company from $99.00 to $125.00 in a research report on Monday, July 24th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. athenahealth has a consensus rating of “Hold” and a consensus target price of $148.64.

In related news, SVP Jonathan D. Porter sold 422 shares of athenahealth stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $154.00, for a total transaction of $64,988.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Brandon H. Hull sold 800 shares of athenahealth stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $140.81, for a total value of $112,648.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,874 shares of company stock worth $2,102,697. Company insiders own 3.20% of the company’s stock.

About athenahealth

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.

Want to see what other hedge funds are holding ATHN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for athenahealth, Inc. (NASDAQ:ATHN).

Institutional Ownership by Quarter for athenahealth (NASDAQ:ATHN)

Receive News & Stock Ratings for athenahealth Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for athenahealth Inc. and related stocks with our FREE daily email newsletter.