Atlassian Corporation PLC $TEAM Stock Holdings Boosted by Artemis Investment Management LLP

Artemis Investment Management LLP boosted its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 53.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 461,537 shares of the technology company’s stock after purchasing an additional 159,884 shares during the period. Artemis Investment Management LLP owned about 0.18% of Atlassian worth $82,749,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Atlassian by 69.4% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 62,000 shares of the technology company’s stock valued at $4,232,000 after purchasing an additional 25,400 shares in the last quarter. Arizona State Retirement System boosted its stake in Atlassian by 6.5% in the 2nd quarter. Arizona State Retirement System now owns 48,629 shares of the technology company’s stock worth $3,783,000 after purchasing an additional 2,969 shares in the last quarter. Fluent Financial LLC acquired a new position in shares of Atlassian in the 2nd quarter valued at $2,239,000. Nykredit A S acquired a new stake in shares of Atlassian during the second quarter worth about $5,997,000. Finally, IFP Advisors Inc boosted its holdings in shares of Atlassian by 76.0% in the 2nd quarter. IFP Advisors Inc now owns 9,428 shares of the technology company’s stock valued at $733,000 after acquiring an additional 4,071 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

Trending Headlines about Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian introduced AMP (Agentic Multiplayer Protocol), along with a new Atlassian MCP Server and enhancements to its Teamwork Graph. The tools are designed to let employees and AI agents work together with greater visibility and coordination, potentially strengthening Atlassian’s competitive position in enterprise software. Atlassian Introduces AMP: The Agentic Multiplayer Protocol to Power Human-AI Collaboration
• Positive Sentiment: The company launched a Forward Deployed Engineering program that places senior applied-AI engineers directly with enterprise customers. The initiative could accelerate customer adoption, production deployments and expansion of Atlassian’s AI offerings, although it may also require additional investment. Atlassian Launches Forward Deployed Engineering Program
• Positive Sentiment: CEO Mike Cannon-Brookes presented Atlassian as a top-tier enterprise technology vendor and outlined how businesses can use AI agents as part of their teams. Coverage of the conference emphasized Atlassian’s “multi-player” approach, in which AI augments team workflows rather than operating as a standalone feature. Team ’26 Europe coverage
• Positive Sentiment: Atlassian expanded its partnership with OpenAI while maintaining a multi-model platform strategy. The relationship may improve access to advanced AI capabilities and support product innovation without tying the company exclusively to one model provider. Atlassian and OpenAI partnership coverage
• Neutral Sentiment: Third-party integrations, including Flexera’s technology intelligence for Atlassian’s Service Collection and Rewind’s backup support for Jira applications, add ecosystem functionality but are less likely to materially affect near-term revenue. Flexera Atlassian collaboration
• Negative Sentiment: The OpenAI partnership includes a spending commitment, creating a potential near-term margin or cash-flow concern if AI infrastructure and partnership costs rise faster than monetization. Atlassian also remains valued aggressively after its rally, increasing sensitivity to execution and signs that AI investments are translating into durable customer growth.

Insider Buying and Selling

In related news, CRO Brian Duffy sold 1,851 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $172.45, for a total value of $319,204.95. Following the completion of the transaction, the executive directly owned 218,223 shares in the company, valued at approximately $37,632,556.35. This represents a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Gene Liu sold 939 shares of the business’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $190.00, for a total value of $178,410.00. Following the sale, the chief accounting officer directly owned 55,868 shares of the company’s stock, valued at approximately $10,614,920. This trade represents a 1.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 22,138 shares of company stock worth $3,751,873 in the last three months. Corporate insiders own 36.66% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on TEAM. Sanford C. Bernstein reiterated an “outperform” rating on shares of Atlassian in a research note on Monday, June 29th. Cantor Fitzgerald raised their price target on shares of Atlassian from $175.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday, September 21st. Citigroup lifted their target price on shares of Atlassian from $170.00 to $225.00 and gave the stock a “buy” rating in a research note on Tuesday, September 1st. Jefferies Financial Group restated a “buy” rating and issued a $200.00 price target on shares of Atlassian in a research report on Friday, August 7th. Finally, Morgan Stanley increased their price target on shares of Atlassian from $120.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Twenty-five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $191.56.

Atlassian Stock Performance

NASDAQ TEAM traded up $3.84 during trading hours on Thursday, hitting $199.63. The company had a trading volume of 1,443,086 shares, compared to its average volume of 5,759,082. The company has a market cap of $50.66 billion, a PE ratio of -1,053.34, a price-to-earnings-growth ratio of 15.24 and a beta of 1.22. Atlassian Corporation PLC has a 1-year low of $56.01 and a 1-year high of $201.58. The business has a 50 day moving average of $171.40 and a 200-day moving average of $113.65. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.78 and a current ratio of 0.78.

Atlassian (NASDAQ:TEAM) last announced its earnings results on Friday, August 7th. The technology company reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.37. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Atlassian had a negative net margin of 0.82% and a positive return on equity of 20.99%. The business’s revenue was up 27.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.98 earnings per share. As a group, equities research analysts expect that Atlassian Corporation PLC will post 0.94 EPS for the current year.

About Atlassian

Atlassian Corporation develops collaboration, productivity and workflow-management software for technology, business and enterprise teams. Its products are designed to help organizations plan projects, manage software development, document and share knowledge, provide IT and customer support, and coordinate work across distributed teams.

Its product portfolio includes Jira for project and issue management, Confluence for team collaboration and knowledge sharing, Jira Service Management for IT service and support operations, and Trello for organizing tasks and projects.