PKO Investment Management Joint Stock Co Has $614,000 Stock Holdings in Atlassian Corporation PLC $TEAM

PKO Investment Management Joint Stock Co trimmed its holdings in Atlassian Corporation PLC (NASDAQ:TEAM) by 47.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,000 shares of the technology company’s stock after selling 8,000 shares during the quarter. PKO Investment Management Joint Stock Co’s holdings in Atlassian were worth $614,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Atlassian by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 18,541,267 shares of the technology company’s stock valued at $3,006,281,000 after acquiring an additional 61,706 shares in the last quarter. Baillie Gifford & Co. lifted its position in shares of Atlassian by 3.9% during the fourth quarter. Baillie Gifford & Co. now owns 8,431,802 shares of the technology company’s stock worth $1,367,132,000 after purchasing an additional 316,276 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Atlassian by 291.4% during the fourth quarter. AQR Capital Management LLC now owns 7,749,694 shares of the technology company’s stock worth $1,256,535,000 after purchasing an additional 5,769,788 shares in the last quarter. Morgan Stanley grew its stake in shares of Atlassian by 52.4% during the fourth quarter. Morgan Stanley now owns 4,822,007 shares of the technology company’s stock valued at $781,841,000 after purchasing an additional 1,657,309 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Atlassian by 3.3% during the fourth quarter. State Street Corp now owns 3,995,100 shares of the technology company’s stock valued at $647,766,000 after purchasing an additional 127,105 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Insider Buying and Selling at Atlassian

In other Atlassian news, CRO Brian Duffy sold 3,000 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $89.71, for a total value of $269,130.00. Following the transaction, the executive owned 227,691 shares of the company’s stock, valued at approximately $20,426,159.61. This represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO James Chuong sold 8,838 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $87.75, for a total value of $775,534.50. Following the transaction, the chief financial officer owned 288,272 shares in the company, valued at approximately $25,295,868. This trade represents a 2.97% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 20,041 shares of company stock worth $1,801,069 over the last 90 days. 36.66% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on TEAM shares. Sanford C. Bernstein restated an “outperform” rating and issued a $295.00 price objective on shares of Atlassian in a research report on Friday, May 1st. Guggenheim set a $115.00 price objective on Atlassian in a research report on Thursday, April 9th. Cantor Fitzgerald lifted their target price on Atlassian from $98.00 to $107.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Weiss Ratings restated a “sell (e+)” rating on shares of Atlassian in a research report on Monday, April 20th. Finally, Zacks Research raised Atlassian from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Atlassian currently has a consensus rating of “Moderate Buy” and an average price target of $145.63.

Atlassian Trading Up 1.7%

Shares of NASDAQ TEAM opened at $81.35 on Wednesday. The company’s 50 day simple moving average is $84.28 and its 200 day simple moving average is $100.99. Atlassian Corporation PLC has a fifty-two week low of $56.01 and a fifty-two week high of $222.59. The firm has a market capitalization of $20.64 billion, a P/E ratio of -98.01, a P/E/G ratio of 4.53 and a beta of 1.07. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.70 and a quick ratio of 0.70.

Atlassian (NASDAQ:TEAM) last released its earnings results on Thursday, April 30th. The technology company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.42. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.70 billion. Atlassian had a negative net margin of 3.50% and a positive return on equity of 6.22%. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 EPS. On average, analysts predict that Atlassian Corporation PLC will post 0.81 EPS for the current year.

About Atlassian

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.