DekaBank Deutsche Girozentrale Has $5.46 Million Stake in Atlassian Corporation PLC $TEAM

DekaBank Deutsche Girozentrale grew its position in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 1.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,083 shares of the technology company’s stock after buying an additional 471 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Atlassian were worth $5,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. One Wealth Advisors LLC lifted its holdings in Atlassian by 56.7% in the 2nd quarter. One Wealth Advisors LLC now owns 4,436 shares of the technology company’s stock worth $901,000 after purchasing an additional 1,606 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in Atlassian by 28.6% in the 2nd quarter. Allianz Asset Management GmbH now owns 102,194 shares of the technology company’s stock worth $20,755,000 after purchasing an additional 22,701 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Atlassian by 42.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,240 shares of the technology company’s stock worth $900,000 after purchasing an additional 1,259 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Atlassian by 350.1% in the 1st quarter. Principal Financial Group Inc. now owns 51,900 shares of the technology company’s stock worth $11,014,000 after purchasing an additional 40,369 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Atlassian by 47,387.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,799 shares of the technology company’s stock worth $822,000 after purchasing an additional 3,791 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Atlassian Stock Performance

Shares of NASDAQ TEAM opened at $162.64 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.73. The business’s 50 day moving average is $164.49 and its two-hundred day moving average is $189.35. The company has a market cap of $42.67 billion, a P/E ratio of -164.28 and a beta of 0.92. Atlassian Corporation PLC has a 12 month low of $144.32 and a 12 month high of $326.00.

Atlassian (NASDAQ:TEAM) last issued its earnings results on Thursday, August 7th. The technology company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.36 billion. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.Atlassian’s revenue was up 22.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 earnings per share. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, equities analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Insider Activity

In other news, President Anutthara Bharadwaj sold 7,728 shares of the firm’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $163.43, for a total transaction of $1,262,987.04. Following the completion of the transaction, the president directly owned 182,801 shares of the company’s stock, valued at approximately $29,875,167.43. This trade represents a 4.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $171.03, for a total transaction of $1,310,944.95. Following the sale, the director owned 275,940 shares in the company, valued at approximately $47,194,018.20. This trade represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 551,608 shares of company stock worth $92,691,699. 36.66% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Raymond James Financial reduced their target price on Atlassian from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Oppenheimer reduced their target price on Atlassian from $300.00 to $275.00 and set an “outperform” rating for the company in a report on Monday, July 21st. KeyCorp reduced their target price on Atlassian from $250.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday. Cantor Fitzgerald reduced their target price on Atlassian from $256.00 to $240.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $230.00 price target on shares of Atlassian in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.26.

Atlassian Company Profile

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.