Athenahealth (NASDAQ:ATHN) Given New $170.00 Price Target at Deutsche Bank

Athenahealth CEO Jonathan Bush leaves company

Athenahealth CEO Jonathan Bush leaves company

Sold All: 23 Reduced: 65 Increased: 61 New Position: 53. Quantitative Invest Management Ltd Liability has invested 0.04% in athenahealth, Inc. (NASDAQ:ATHN). Franklin Res invested in 4,846 shares. (NASDAQ:ATHN) or 3,139 shares. Winslow Evans & Crocker Incorporated has invested 0% in athenahealth, Inc. Berenberg downgraded athenahealth, Inc. (NASDAQ:ATHN) for 69,630 shares.

The announcement comes on the heels of growing pressure from activist investor Elliott Management for the company to sell. The shares were sold at an average price of $149.40, for a total value of $165,385.80. Gagnon Securities Ltd Llc holds 1.93% or 37,816 shares. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.71 and a quick ratio of 2.71. Cambiar Invsts Limited Liability Com stated it has 47,020 shares or 0.11% of all its holdings.

Shares of ATHN opened at $151.14 on Wednesday.

Stifel Financial reported 10,592 shares. Capital Fund Management reported 0.01% stake. 8,434 are held by Amalgamated State Bank.

Since January 2, 2018, it had 2 buys, and 23 insider sales for $12.40 million activity. Dimensional Fund Advisors LP now owns 221,746 shares of the health services provider's stock worth $31,716,000 after acquiring an additional 2,927 shares in the last quarter. Hull Brandon H sold $107,896 worth of stock. Another trade for 3,600 shares valued at $507,744 was bought by IMMELT JEFFREY R. 3,064 shares were sold by O'Brien Timothy John, worth $420,596. Piper Jaffray Companies now has an overweight rating on the stock. athenahealth traded as low as $163.94 and last traded at $157.52, with a volume of 31703 shares trading hands.

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In a note shared with investors this morning, Citigroup kept their Hold rating on Athenahealth (NASDAQ:ATHN) shares. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and eight have issued a buy rating to the stock.

Ratings analysis reveals 70% of Caci International's analysts are positive. Athenahealth has $170 highest and $130.0 lowest target. The stock presently has an average rating of "Hold" and a consensus price target of $129.32. Athenahealth had 27 analyst reports since December 8, 2017 according to SRatingsIntel. In Thursday, February 1 report Jefferies maintained the stock with "Hold" rating. The firm has "Hold" rating by Leerink Swann given on Tuesday, May 8. Robert W. Baird set a $155.00 price target on athenahealth and gave the company a "buy" rating in a research note on Friday, February 3rd. On Wednesday, February 7 the firm has "Hold" rating given by Cantor Fitzgerald. In Friday, February 16 report Piper Jaffray maintained the stock with "Buy" rating. $64,693 worth of athenahealth, Inc. In Thursday, May 24 report Cantor Fitzgerald maintained the stock with "Hold" rating. The company rating was maintained by Cantor Fitzgerald on Thursday, May 24.

ATHN is touching $157.635 during the last trading session, after increased 4.30%.athenahealth, Inc.is uptrending after having risen 14.89% since June 6, 2017. Toronto Dominion Bank boosted its holdings in shares of athenahealth by 38.6% during the 4th quarter. ATHN outperformed the S&P 500 by 2.32%. (NASDAQ:ATHN). Balyasny Asset Mngmt Llc reported 159,916 shs stake. The earnings per share diference is $0.34 or 121.43 % up from last years number. If ATHN's EPS is $0.62 the profit will be $25.05M for 63.56 P/E. After $0.99 actual EPS reported by athenahealth, Inc. for the previous quarter, Wall Street now forecasts -37.37 % negative EPS growth. In the last 90 days, insiders have sold 41,979 shares of company stock valued at $6,244,631. 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. It has a 119.85 P/E ratio. The firm also provides athenahealth Population Health, a cloud population health service; and Epocrates services that include clinical information and decision support services in the areas of drug and disease information, medical calculator and tools, clinical guidelines, clinical messaging, and market research.

Sei Investments Co.'s holdings in athenahealth were worth $14,282,000 at the end of the most recent reporting period.

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