First Trust Advisors LP grew its stake in athenahealth, Inc (NASDAQ:ATHN) by 3.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 118,271 shares of the health services provider’s stock after buying an additional 4,356 shares during the period. First Trust Advisors LP’s holdings in athenahealth were worth $15,801,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ATHN. Jane Street Group LLC purchased a new position in athenahealth during the 1st quarter worth $234,000. Guggenheim Capital LLC grew its position in athenahealth by 16.9% during the 1st quarter. Guggenheim Capital LLC now owns 2,980 shares of the health services provider’s stock worth $426,000 after purchasing an additional 430 shares during the last quarter. Royal Bank of Canada grew its position in athenahealth by 15.8% during the 1st quarter. Royal Bank of Canada now owns 25,646 shares of the health services provider’s stock worth $3,670,000 after purchasing an additional 3,505 shares during the last quarter. State of Alaska Department of Revenue grew its position in athenahealth by 32.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,800 shares of the health services provider’s stock worth $763,000 after purchasing an additional 1,170 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in athenahealth during the 2nd quarter worth $206,000.

ATHN has been the topic of several research reports. SunTrust Banks lowered their price objective on shares of athenahealth to $150.00 in a research report on Wednesday, September 19th. Leerink Swann set a $140.00 price objective on shares of athenahealth and gave the stock a “buy” rating in a research report on Friday, September 28th. MED lowered their price objective on shares of athenahealth to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, September 19th. Cantor Fitzgerald reissued a “hold” rating and set a $145.00 price objective on shares of athenahealth in a research report on Tuesday, September 18th. Finally, Cowen reissued a “hold” rating and set a $150.00 price objective on shares of athenahealth in a research report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. athenahealth currently has an average rating of “Hold” and an average price target of $153.79.

Shares of NASDAQ:ATHN opened at $120.35 on Friday. The stock has a market capitalization of $5.12 billion, a PE ratio of 39.74, a PEG ratio of 2.23 and a beta of 0.80. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.23. athenahealth, Inc has a fifty-two week low of $116.77 and a fifty-two week high of $163.94.

In other news, insider Daniel P. Haley sold 2,204 shares of athenahealth stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $127.23, for a total value of $280,414.92. Following the sale, the insider now owns 10,555 shares of the company’s stock, valued at $1,342,912.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 2,654 shares of company stock worth $340,770. Insiders own 2.90% of the company’s stock.

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athenahealth Company 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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