Pictet Asset Management Ltd. decreased its position in athenahealth, Inc. (NASDAQ:ATHN) by 17.1% during the second quarter, Holdings Channel reports. The firm owned 183,642 shares of the health services provider’s stock after selling 37,849 shares during the period. Pictet Asset Management Ltd.’s holdings in athenahealth were worth $24,604,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Wells Fargo & Company MN increased its stake in shares of 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 in the last quarter. Rockefeller Financial Services Inc. increased its stake in shares of 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 in the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of 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 in the last quarter. Wesbanco Bank Inc. acquired a new stake in shares of athenahealth during the first quarter worth $714,000. Finally, Russell Investments Group Ltd. increased its stake in shares of athenahealth by 380.8% in the first quarter. Russell Investments Group Ltd. now owns 5,409 shares of the health services provider’s stock worth $609,000 after buying an additional 4,284 shares in the last quarter.

athenahealth, Inc. (ATHN) opened at 139.16 on Friday. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of 176.60 and a beta of 1.77. The stock has a 50 day moving average price of $142.86 and a 200 day moving average price of $125.37. athenahealth, Inc. has a 52-week low of $90.11 and a 52-week high of $158.66.

athenahealth (NASDAQ:ATHN) last posted its quarterly earnings results on Thursday, July 20th. The health services provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.12. athenahealth had a net margin of 2.80% and a return on equity of 6.91%. The business had revenue of $301.10 million during the quarter, compared to analyst estimates of $298.68 million. During the same period in the prior year, the business posted $0.34 earnings per share. The company’s revenue was up 15.0% on a year-over-year basis. Equities research analysts forecast that athenahealth, Inc. will post $1.92 earnings per share for the current year.

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A number of equities research analysts have weighed in on the company. UBS AG set a $123.00 target price on athenahealth and gave the company a “buy” rating in a report on Monday, May 1st. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $142.00 target price on shares of athenahealth in a report on Wednesday, April 19th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $152.00 target price on shares of athenahealth in a report on Friday, July 14th. Barclays PLC set a $88.00 target price on athenahealth and gave the company an “underweight” rating in a report on Monday, May 1st. Finally, Leerink Swann set a $140.00 target price on athenahealth and gave the company a “hold” rating in a report on Friday, May 19th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $148.64.

In other athenahealth news, SVP Jonathan D. Porter sold 300 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $109.48, for a total transaction of $32,844.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Karl Stubelis sold 3,952 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $138.98, for a total transaction of $549,248.96. Following the sale, the chief financial officer now owns 21,810 shares of the company’s stock, valued at $3,031,153.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,905 shares of company stock valued at $3,120,107. Company insiders own 3.20% of the company’s stock.

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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Institutional Ownership by Quarter for athenahealth (NASDAQ:ATHN)

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