California Public Employees Retirement System grew its holdings in shares of athenahealth, Inc. (NASDAQ:ATHN) by 2.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 73,800 shares of the health services provider’s stock after acquiring an additional 1,600 shares during the period. California Public Employees Retirement System owned about 0.18% of athenahealth worth $10,373,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Comerica Bank raised its stake in shares of athenahealth by 0.6% during the first quarter. Comerica Bank now owns 2,487 shares of the health services provider’s stock valued at $302,000 after acquiring an additional 14 shares during the last quarter. Seven Bridges Advisors LLC raised its stake in shares of athenahealth by 5.4% during the second 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 last quarter. Teacher Retirement System of Texas raised its stake in shares of athenahealth by 2.2% during the second 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 last quarter. State of Wisconsin Investment Board raised its stake in shares of athenahealth by 0.9% during the second 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 last quarter. Finally, Prudential Financial Inc. raised its stake in shares of athenahealth by 4.9% during the second quarter. Prudential Financial Inc. now owns 2,146 shares of the health services provider’s stock valued at $302,000 after acquiring an additional 100 shares during the last quarter.

In related news, SVP Jonathan D. Porter sold 300 shares of the stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $143.13, for a total value of $42,939.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brandon H. Hull sold 800 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $140.01, for a total transaction of $112,008.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,505 shares of company stock valued at $2,240,851. 3.20% of the stock is owned by company insiders.

Shares of athenahealth, Inc. (ATHN) opened at 124.02 on Friday. The firm has a 50-day moving average of $131.05 and a 200-day moving average of $129.70. athenahealth, Inc. has a 12-month low of $90.11 and a 12-month high of $158.66. The firm has a market capitalization of $4.95 billion, a PE ratio of 157.39 and a beta of 1.76.

athenahealth (NASDAQ:ATHN) last issued its quarterly earnings results on Thursday, July 20th. The health services provider reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.12. The company had revenue of $301.10 million during the quarter, compared to analyst estimates of $298.68 million. athenahealth had a net margin of 2.80% and a return on equity of 6.91%. athenahealth’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period last year, the business earned $0.34 EPS. Equities analysts anticipate that athenahealth, Inc. will post $1.91 earnings per share for the current year.

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Several equities analysts have recently issued reports on the stock. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $170.00 price target (up previously from $150.00) on shares of athenahealth in a research note on Wednesday, August 2nd. Cowen and Company downgraded shares of athenahealth from an “outperform” rating to a “market perform” rating and raised their price target for the company from $127.00 to $133.00 in a research note on Monday, July 31st. Morgan Stanley reaffirmed an “equal weight” rating and set a $125.00 price target (up previously from $108.00) on shares of athenahealth in a research note on Wednesday, August 2nd. Citigroup Inc. reaffirmed a “buy” rating and set a $186.00 price target (up previously from $169.00) on shares of athenahealth in a research note on Monday, July 24th. Finally, ValuEngine raised shares of athenahealth from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $149.91.

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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