First Hawaiian Bank Acquires 973 Shares of Atlassian Co. Plc (NASDAQ:TEAM)


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First Hawaiian Bank raised its holdings in shares of Atlassian Co. Plc (NASDAQ:TEAM) by 13.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,295 shares of the technology company’s stock after acquiring an additional 973 shares during the quarter. First Hawaiian Bank’s holdings in Atlassian were worth $1,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the business. Veriti Management LLC bought a new position in shares of Atlassian in the fourth quarter worth $25,000. Neo Ivy Capital Management bought a new position in shares of Atlassian in the fourth quarter worth $28,000. Creative Financial Designs Inc. ADV increased its holdings in shares of Atlassian by 52.6% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 145 shares of the technology company’s stock worth $34,000 after purchasing an additional 50 shares during the period. Defined Wealth Management LLC bought a new position in shares of Atlassian in the fourth quarter worth $36,000. Finally, Front Row Advisors LLC increased its holdings in shares of Atlassian by 90.9% in the third quarter. Front Row Advisors LLC now owns 210 shares of the technology company’s stock worth $47,000 after purchasing an additional 100 shares during the period. 91.46% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ TEAM opened at $225.40 on Monday. The company has a 50-day simple moving average of $228.42 and a two-hundred day simple moving average of $220.62. Atlassian Co. Plc has a 12-month low of $134.76 and a 12-month high of $262.40. The firm has a market cap of $29.79 billion, a price-to-earnings ratio of -124.53, a PEG ratio of 155.95 and a beta of 0.99.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Wednesday, January 27th. The technology company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.05. The business had revenue of $501.40 million during the quarter, compared to analyst estimates of $473.87 million. Atlassian had a negative net margin of 25.82% and a positive return on equity of 2.57%. The company’s revenue was up 22.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 earnings per share. Equities analysts expect that Atlassian Co. Plc will post 0.06 earnings per share for the current year.

Several research firms have recently weighed in on TEAM. BMO Capital Markets upped their price target on shares of Atlassian from $235.00 to $260.00 and gave the stock a “market perform” rating in a report on Friday, January 29th. William Blair reissued an “outperform” rating on shares of Atlassian in a research note on Tuesday, February 2nd. Canaccord Genuity increased their target price on Atlassian from $225.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, January 29th. Macquarie initiated coverage on Atlassian in a research note on Wednesday, January 6th. They issued an “outperform” rating on the stock. Finally, Mizuho increased their target price on Atlassian from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, January 29th. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $235.94.

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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