Dimensional Fund Advisors LP Has $23.71 Million Stake in athenahealth, Inc (ATHN)

Dimensional Fund Advisors LP increased its position in athenahealth, Inc (NASDAQ:ATHN) by 10.1% in the third quarter, HoldingsChannel.com reports. The fund owned 190,676 shares of the health services provider’s stock after acquiring an additional 17,570 shares during the quarter. Dimensional Fund Advisors LP’s holdings in athenahealth were worth $23,712,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ATHN. Janus Henderson Group PLC bought a new position in shares of athenahealth in the second quarter valued at approximately $713,856,000. Elliott Management Corp bought a new position in shares of athenahealth in the second quarter valued at approximately $52,706,000. Capital Research Global Investors boosted its position in shares of athenahealth by 15.5% in the second quarter. Capital Research Global Investors now owns 2,041,714 shares of the health services provider’s stock valued at $286,963,000 after acquiring an additional 273,660 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of athenahealth by 124.4% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 276,700 shares of the health services provider’s stock valued at $34,410,000 after acquiring an additional 153,400 shares during the period. Finally, Toronto Dominion Bank bought a new position in shares of athenahealth in the second quarter valued at approximately $16,863,000.

athenahealth, Inc (ATHN) opened at $128.33 on Friday. The company has a market cap of $5,135.51, a P/E ratio of 108.75, a price-to-earnings-growth ratio of 3.00 and a beta of 1.58. athenahealth, Inc has a one year low of $95.01 and a one year high of $158.66. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.67 and a current ratio of 1.67.

athenahealth (NASDAQ:ATHN) last posted its quarterly earnings results on Thursday, October 19th. The health services provider reported $0.56 EPS for the quarter, topping the consensus estimate of $0.50 by $0.06. The firm had revenue of $304.60 million for the quarter, compared to the consensus estimate of $310.52 million. athenahealth had a net margin of 2.65% and a return on equity of 6.78%. The business’s revenue was up 10.1% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share. sell-side analysts predict that athenahealth, Inc will post 1.22 EPS for the current fiscal year.

In other news, SVP Bradford Kyle Armbrester sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $128.56, for a total value of $128,560.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jonathan Bush sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 26th. The stock was sold at an average price of $134.80, for a total transaction of $4,044,000.00. Following the completion of the transaction, the chief executive officer now owns 320,807 shares in the company, valued at approximately $43,244,783.60. The disclosure for this sale can be found here. Insiders have sold 68,900 shares of company stock worth $9,271,172 over the last three months. Insiders own 3.20% of the company’s stock.

ATHN has been the topic of a number of recent analyst reports. TheStreet downgraded shares of athenahealth from a “b-” rating to a “c+” rating in a research note on Wednesday, October 11th. Jefferies Group set a $110.00 target price on shares of athenahealth and gave the company a “hold” rating in a research note on Friday, October 13th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $167.00 target price on shares of athenahealth in a research note on Tuesday, October 17th. Leerink Swann set a $155.00 target price on shares of athenahealth and gave the company a “hold” rating in a research note on Thursday, October 19th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $145.00 target price on shares of athenahealth in a research note on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $142.96.

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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.

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Institutional Ownership by Quarter for athenahealth (NASDAQ:ATHN)

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