Nordea Investment Management AB Increases Stock Position in Atlassian Corporation PLC $TEAM

Nordea Investment Management AB raised its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 20.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 721,690 shares of the technology company’s stock after acquiring an additional 121,541 shares during the quarter. Nordea Investment Management AB owned about 0.28% of Atlassian worth $114,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in TEAM. Vanguard Group Inc. lifted its holdings in Atlassian by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 17,430,078 shares of the technology company’s stock worth $3,539,875,000 after purchasing an additional 436,541 shares in the last quarter. Artisan Partners Limited Partnership increased its position in shares of Atlassian by 66.3% during the second quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock valued at $787,610,000 after buying an additional 1,545,546 shares during the period. Geode Capital Management LLC boosted its position in shares of Atlassian by 1.9% in the second quarter. Geode Capital Management LLC now owns 2,356,798 shares of the technology company’s stock valued at $476,800,000 after acquiring an additional 43,899 shares during the period. AQR Capital Management LLC boosted its position in shares of Atlassian by 12.7% in the second quarter. AQR Capital Management LLC now owns 1,933,851 shares of the technology company’s stock valued at $392,282,000 after acquiring an additional 218,564 shares during the period. Finally, Norges Bank purchased a new position in Atlassian during the second quarter valued at approximately $377,794,000. 94.45% of the stock is owned by institutional investors.

Key Stories Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: BTIG reaffirmed a “buy” on TEAM and kept a $220 price target, signaling continued analyst conviction and potential upside vs. current levels. BTIG/Benzinga coverage
• Neutral Sentiment: Atlassian set its Q2 FY2026 earnings release for after the close on Feb 5, 2026 and will host a 2:00 PM PT call — a clear near‑term event that can drive volatility and reprice the stock based on guidance and growth metrics. Earnings date announcement
• Neutral Sentiment: Keeper Security announced a cyber‑security deployment with the Atlassian Williams F1 team (operational/PR partnership). This is business‑development news but unlikely to move fundamentals materially in the near term. Keeper Security / Williams F1
• Neutral Sentiment: Analyst coverage remains mixed but biased positive: Market consensus is a “Moderate Buy” with a material gap between current price and consensus targets, so analyst commentary can amplify moves around earnings. Analyst roundup
• Negative Sentiment: Repeated insider selling by co‑founders/CEOs: Michael Cannon‑Brookes and Scott Farquhar each filed sales of 7,665 shares on Jan 12 at about $147.15 (~$1.13M each). These are part of a string of similar daily sales in Dec–Jan (multiple 7,665‑share lots), trimming each insider’s stake by ~1.8% while leaving them with large residual holdings. The pattern of ongoing, sizable insider disposals is a bearish signal for market sentiment even though insiders remain major shareholders. Insider sale SEC filing

Insider Activity

In other news, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $147.15, for a total value of $1,127,904.75. Following the transaction, the director owned 413,910 shares in the company, valued at approximately $60,906,856.50. The trade was a 1.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $147.15, for a total value of $1,127,904.75. Following the completion of the sale, the chief executive officer directly owned 413,910 shares of the company’s stock, valued at approximately $60,906,856.50. This trade represents a 1.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 566,379 shares of company stock valued at $89,162,702. Company insiders own 36.66% of the company’s stock.

Atlassian Stock Performance

Shares of NASDAQ TEAM opened at $137.89 on Wednesday. The stock has a market cap of $36.28 billion, a price-to-earnings ratio of -194.21, a P/E/G ratio of 22.68 and a beta of 0.88. The stock’s 50-day moving average is $155.77 and its 200 day moving average is $168.27. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72. Atlassian Corporation PLC has a 1-year low of $137.66 and a 1-year high of $326.00.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.83 by $0.21. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period last year, the firm posted $0.77 earnings per share. The business’s revenue was up 20.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on TEAM shares. TD Cowen cut their price target on shares of Atlassian from $220.00 to $205.00 and set a “hold” rating for the company in a report on Monday, October 27th. Robert W. Baird set a $230.00 target price on Atlassian in a research report on Friday, October 31st. Mizuho upped their target price on Atlassian from $235.00 to $245.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. The Goldman Sachs Group reiterated a “buy” rating and set a $260.00 price target on shares of Atlassian in a research report on Friday, October 31st. Finally, Zacks Research upgraded shares of Atlassian from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $238.46.

Atlassian Company Profile

Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.

Atlassian’s product portfolio centers on tools designed to help teams plan, build and support software and business processes.