Atlassian Co. Plc (NASDAQ:TEAM) Shares Purchased by Perennial Investment Advisors LLC

Perennial Investment Advisors LLC increased its holdings in shares of Atlassian Co. Plc (NASDAQ:TEAMGet Rating) by 20.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,500 shares of the technology company’s stock after acquiring an additional 250 shares during the quarter. Perennial Investment Advisors LLC’s holdings in Atlassian were worth $441,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TEAM. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Atlassian by 24.8% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,085 shares of the technology company’s stock worth $1,788,000 after purchasing an additional 1,209 shares during the period. M&T Bank Corp raised its stake in Atlassian by 32.6% during the first quarter. M&T Bank Corp now owns 26,266 shares of the technology company’s stock worth $7,718,000 after purchasing an additional 6,464 shares during the period. Qube Research & Technologies Ltd raised its stake in Atlassian by 136.5% during the first quarter. Qube Research & Technologies Ltd now owns 114,658 shares of the technology company’s stock worth $33,690,000 after purchasing an additional 66,174 shares during the period. Quadrant Capital Group LLC raised its stake in Atlassian by 7.7% during the first quarter. Quadrant Capital Group LLC now owns 1,315 shares of the technology company’s stock worth $387,000 after purchasing an additional 94 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of Atlassian by 2.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 160,758 shares of the technology company’s stock valued at $47,236,000 after acquiring an additional 3,663 shares during the period. 91.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Mizuho reduced their price target on shares of Atlassian from $500.00 to $360.00 in a research note on Monday, May 16th. Canaccord Genuity Group cut their target price on shares of Atlassian from $375.00 to $300.00 in a research note on Friday, April 29th. Piper Sandler upped their target price on shares of Atlassian from $249.00 to $283.00 and gave the stock an “overweight” rating in a research note on Friday. Truist Financial upped their target price on shares of Atlassian from $220.00 to $250.00 and gave the stock a “hold” rating in a research note on Friday. Finally, Morgan Stanley cut their target price on shares of Atlassian from $460.00 to $430.00 and set an “overweight” rating on the stock in a research note on Monday, July 11th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Atlassian currently has an average rating of “Moderate Buy” and a consensus price target of $338.16.

Atlassian Stock Performance

Shares of NASDAQ TEAM opened at $268.59 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 3.30. Atlassian Co. Plc has a 52 week low of $159.54 and a 52 week high of $483.13. The firm has a 50-day moving average price of $196.85 and a 200 day moving average price of $242.29.

Atlassian (NASDAQ:TEAMGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The technology company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.26 by $0.01. Atlassian had a negative net margin of 21.91% and a negative return on equity of 136.11%. The firm had revenue of $759.80 million during the quarter, compared to analysts’ expectations of $724.28 million. During the same quarter last year, the business earned ($0.06) earnings per share. The business’s revenue for the quarter was up 35.8% compared to the same quarter last year. Research analysts predict that Atlassian Co. Plc will post -0.87 EPS for the current year.

Atlassian Profile

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Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its products include JIRA, a workflow management system for teams to plan, track, collaborate, and manage work, and projects; Jira Service Management, a service desk product for creating and managing service experiences for various service team providers, including IT, legal, and HR teams; Jira Align for enterprise agile planning; Opsgenie, an incident management tool that centralizes alerts and notifies right people at right time; and Statuspage for incident communication.

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Institutional Ownership by Quarter for Atlassian (NASDAQ:TEAM)

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