Deutsche Bank AG raised its holdings in Atlassian Co. PLC (NASDAQ:TEAM) by 33.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,235,913 shares of the technology company’s stock after purchasing an additional 307,038 shares during the quarter. Deutsche Bank AG owned 1.24% of Atlassian worth $56,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in TEAM. Northern Trust Corp grew its stake in Atlassian by 176.3% in the 2nd quarter. Northern Trust Corp now owns 148,958 shares of the technology company’s stock valued at $5,241,000 after purchasing an additional 95,049 shares during the period. Vanguard Group Inc. grew its stake in Atlassian by 138.3% in the 2nd quarter. Vanguard Group Inc. now owns 90,073 shares of the technology company’s stock valued at $3,168,000 after purchasing an additional 52,282 shares during the period. Aperio Group LLC grew its stake in Atlassian by 16.8% in the 3rd quarter. Aperio Group LLC now owns 18,432 shares of the technology company’s stock valued at $648,000 after purchasing an additional 2,646 shares during the period. State Board of Administration of Florida Retirement System grew its stake in Atlassian by 14.5% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 43,055 shares of the technology company’s stock valued at $1,513,000 after purchasing an additional 5,440 shares during the period. Finally, Principal Financial Group Inc. grew its stake in Atlassian by 15.2% in the 3rd quarter. Principal Financial Group Inc. now owns 325,790 shares of the technology company’s stock valued at $11,452,000 after purchasing an additional 43,009 shares during the period. Hedge funds and other institutional investors own 88.35% of the company’s stock.
Atlassian Co. PLC (TEAM) opened at $59.83 on Wednesday. Atlassian Co. PLC has a 12 month low of $28.73 and a 12 month high of $62.25.
Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, January 18th. The technology company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The firm had revenue of $212.63 million for the quarter, compared to the consensus estimate of $204.40 million. Atlassian had a negative return on equity of 4.00% and a negative net margin of 15.85%. equities analysts anticipate that Atlassian Co. PLC will post -0.08 EPS for the current year.
A number of research analysts have issued reports on TEAM shares. Zacks Investment Research downgraded Atlassian from a “hold” rating to a “sell” rating in a research note on Wednesday, January 24th. Morgan Stanley set a $63.00 price objective on Atlassian and gave the company a “buy” rating in a research note on Friday, January 19th. Oppenheimer upped their price objective on Atlassian to $58.00 and gave the company an “outperform” rating in a research note on Thursday, January 4th. BidaskClub upgraded Atlassian from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 18th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $56.00 price objective (up previously from $51.00) on shares of Atlassian in a research note on Friday, January 19th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $55.90.
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Atlassian Corporation Plc is a holding company. The Company offers a range of team collaboration products. The Company offers products, including JIRA, Confluence, HipChat, Bitbucket and JIRA Service Desk, for software developers, information technology (IT) managers and knowledge workers. The Company offers JIRA for team planning and project management; Confluence for team content creation and sharing; HipChat for team real-time messaging and communications; Bitbucket for team code sharing and management, and JIRA Service Desk for team service and support applications.
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