Atlassian Co. (NASDAQ:TEAM) Position Increased by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd raised its stake in Atlassian Co. (NASDAQ:TEAM) by 34.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,874 shares of the technology company’s stock after buying an additional 2,016 shares during the period. AustralianSuper Pty Ltd’s holdings in Atlassian were worth $1,250,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Atlassian by 1.4% during the first quarter. Vanguard Group Inc. now owns 15,577,302 shares of the technology company’s stock worth $3,039,287,000 after purchasing an additional 221,650 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Atlassian by 8.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,141,645 shares of the technology company’s stock worth $2,173,847,000 after buying an additional 904,138 shares during the period. Dragoneer Investment Group LLC acquired a new stake in Atlassian during the 2nd quarter worth about $469,803,000. Capital International Investors lifted its stake in Atlassian by 6.3% during the first quarter. Capital International Investors now owns 2,436,567 shares of the technology company’s stock valued at $475,399,000 after buying an additional 144,117 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in shares of Atlassian by 6.7% in the first quarter. Clearbridge Investments LLC now owns 2,070,928 shares of the technology company’s stock worth $404,059,000 after buying an additional 130,253 shares during the period. Institutional investors and hedge funds own 93.03% of the company’s stock.

Insider Transactions at Atlassian

In related news, CTO Rajeev Bashyam Rajan sold 199 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $146.08, for a total value of $29,069.92. Following the transaction, the chief technology officer now directly owns 128,957 shares in the company, valued at approximately $18,838,038.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Scott Farquhar sold 7,948 shares of Atlassian stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $140.54, for a total value of $1,117,011.92. Following the transaction, the chief executive officer now directly owns 294,076 shares in the company, valued at approximately $41,329,441.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Rajeev Bashyam Rajan sold 199 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $146.08, for a total value of $29,069.92. Following the sale, the chief technology officer now owns 128,957 shares of the company’s stock, valued at approximately $18,838,038.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 230,185 shares of company stock worth $39,155,661. 38.55% of the stock is owned by insiders.

Atlassian Trading Down 1.0 %

Shares of NASDAQ:TEAM opened at $188.54 on Friday. The business has a 50-day moving average of $171.36 and a two-hundred day moving average of $171.12. Atlassian Co. has a fifty-two week low of $135.29 and a fifty-two week high of $258.69. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.95.

Atlassian (NASDAQ:TEAM) last posted its earnings results on Thursday, August 1st. The technology company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.07. Atlassian had a negative return on equity of 17.69% and a negative net margin of 6.89%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the company earned ($0.21) EPS. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. On average, research analysts anticipate that Atlassian Co. will post -0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. StockNews.com downgraded shares of Atlassian from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Robert W. Baird cut Atlassian from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $230.00 to $175.00 in a research report on Friday, August 2nd. Raymond James raised Atlassian from a “market perform” rating to an “outperform” rating and set a $200.00 price target on the stock in a research report on Tuesday, October 1st. Oppenheimer reissued an “outperform” rating and issued a $230.00 price objective on shares of Atlassian in a research note on Monday, September 23rd. Finally, Capital One Financial raised Atlassian from an “equal weight” rating to an “overweight” rating and set a $211.00 target price on the stock in a research note on Thursday, July 11th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Atlassian has a consensus rating of “Moderate Buy” and a consensus price target of $212.47.

About Atlassian

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.