Atlassian Co. Plc (NASDAQ:TEAM) Stock Position Increased by Berman Capital Advisors LLC

Berman Capital Advisors LLC boosted its position in Atlassian Co. Plc (NASDAQ:TEAM) by 34.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 403 shares of the technology company’s stock after purchasing an additional 103 shares during the quarter. Berman Capital Advisors LLC’s holdings in Atlassian were worth $103,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Amundi Pioneer Asset Management Inc. raised its position in shares of Atlassian by 3.3% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 119,445 shares of the technology company’s stock worth $13,425,000 after buying an additional 3,812 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Atlassian by 9.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 114,679 shares of the technology company’s stock worth $26,820,000 after purchasing an additional 9,460 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Atlassian by 13.9% in the 1st quarter. Commonwealth Equity Services LLC now owns 4,377 shares of the technology company’s stock worth $922,000 after purchasing an additional 534 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in shares of Atlassian in the 1st quarter worth approximately $185,000. Finally, D.A. Davidson & CO. grew its stake in shares of Atlassian by 39.2% in the 1st quarter. D.A. Davidson & CO. now owns 3,508 shares of the technology company’s stock worth $739,000 after purchasing an additional 987 shares during the last quarter. Hedge funds and other institutional investors own 85.92% of the company’s stock.

Shares of Atlassian stock opened at $413.94 on Friday. The firm has a fifty day simple moving average of $346.19 and a 200-day simple moving average of $273.88. Atlassian Co. Plc has a 1-year low of $175.78 and a 1-year high of $420.23. The stock has a market capitalization of $56.84 billion, a price-to-earnings ratio of -147.84, a PEG ratio of 62.83 and a beta of 0.84.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings data on Wednesday, July 28th. The technology company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.06. Atlassian had a negative net margin of 33.33% and a positive return on equity of 10.09%. The business had revenue of $559.54 million during the quarter, compared to analysts’ expectations of $521.61 million. On average, equities research analysts anticipate that Atlassian Co. Plc will post 0.29 EPS for the current year.

Several analysts recently commented on the stock. Truist Securities raised their price target on shares of Atlassian from $270.00 to $400.00 and gave the stock a “hold” rating in a report on Friday. Piper Sandler raised their price target on shares of Atlassian from $259.00 to $308.00 and gave the stock an “overweight” rating in a report on Friday, July 30th. Mizuho raised their price target on shares of Atlassian from $310.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, July 30th. Wells Fargo & Company raised their price target on shares of Atlassian from $275.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday, July 30th. Finally, Robert W. Baird raised their price target on shares of Atlassian from $345.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, September 8th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Atlassian presently has an average rating of “Buy” and a consensus target price of $314.11.

About Atlassian

Atlassian Corp. Plc is a holding company, which engages in the design, development, license, and maintenance of software and provision software hosting services. Its products include Jira software, align, core, and Service Desk, Confluence, Trello, Bitbucket, Sourcetree, bamboo, opsgenie, and statuspage.

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Institutional Ownership by Quarter for Atlassian (NASDAQ:TEAM)

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