Aperio Group LLC Cuts Stake in Atlassian Co. Plc (NASDAQ:TEAM)


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Aperio Group LLC lowered its position in shares of Atlassian Co. Plc (NASDAQ:TEAM) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,798 shares of the technology company’s stock after selling 194 shares during the period. Aperio Group LLC’s holdings in Atlassian were worth $8,372,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Kistler Tiffany Companies LLC boosted its position in Atlassian by 118.9% during the third quarter. Kistler Tiffany Companies LLC now owns 162 shares of the technology company’s stock valued at $29,000 after purchasing an additional 88 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its position in Atlassian by 52.6% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 145 shares of the technology company’s stock valued at $34,000 after purchasing an additional 50 shares in the last quarter. Front Row Advisors LLC boosted its position in Atlassian by 90.9% during the third quarter. Front Row Advisors LLC now owns 210 shares of the technology company’s stock valued at $47,000 after purchasing an additional 100 shares in the last quarter. Hall Laurie J Trustee boosted its position in Atlassian by 330.0% during the fourth quarter. Hall Laurie J Trustee now owns 215 shares of the technology company’s stock valued at $50,000 after purchasing an additional 165 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. bought a new stake in Atlassian during the fourth quarter valued at about $51,000. Hedge funds and other institutional investors own 91.46% of the company’s stock.

Atlassian stock opened at $241.01 on Tuesday. Atlassian Co. Plc has a 52 week low of $110.01 and a 52 week high of $262.40. The company has a market capitalization of $31.85 billion, a price-to-earnings ratio of -133.15, a price-to-earnings-growth ratio of 155.95 and a beta of 0.99. The stock has a 50-day moving average price of $238.06 and a 200 day moving average price of $208.41.

Atlassian (NASDAQ:TEAM) last released its earnings results on Wednesday, January 27th. The technology company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.05. The firm had revenue of $501.40 million during the quarter, compared to the consensus estimate of $473.87 million. Atlassian had a positive return on equity of 2.57% and a negative net margin of 25.82%. The company’s revenue was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 earnings per share. On average, analysts expect that Atlassian Co. Plc will post 0.06 EPS for the current fiscal year.

TEAM has been the topic of a number of recent research reports. Mizuho raised their price objective on Atlassian from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, January 29th. Piper Sandler raised their price objective on Atlassian from $220.00 to $225.00 in a research report on Wednesday, November 18th. William Blair reissued an “outperform” rating on shares of Atlassian in a report on Tuesday, February 2nd. DA Davidson raised their price target on Atlassian from $235.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 29th. Finally, KeyCorp raised their price target on Atlassian from $255.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, January 29th. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $231.76.

Atlassian Profile

Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. It provides project tracking, content creation and sharing, and service management products. The company's products include JIRA, a workflow management system that enables teams to plan, organize, track, and manage their work and projects; Confluence, a content collaboration platform that is used to create, share, organize, and discuss projects; and Trello, a collaboration and organization product, which captures and adds structure to fluid fast-forming work for teams.

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Institutional Ownership by Quarter for Atlassian (NASDAQ:TEAM)

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