Mediolanum International Funds Ltd Has $6.94 Million Holdings in Atlassian Corporation PLC $TEAM

Mediolanum International Funds Ltd lifted its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 108.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,963 shares of the technology company’s stock after acquiring an additional 21,829 shares during the period. Mediolanum International Funds Ltd’s holdings in Atlassian were worth $6,937,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Capco Asset Management LLC bought a new stake in shares of Atlassian in the second quarter valued at about $25,000. Geneos Wealth Management Inc. lifted its stake in Atlassian by 447.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock valued at $42,000 after acquiring an additional 161 shares in the last quarter. Virtus Advisers LLC acquired a new position in Atlassian during the 2nd quarter worth approximately $61,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Atlassian during the 3rd quarter worth approximately $57,000. Finally, First Horizon Advisors Inc. raised its holdings in shares of Atlassian by 40.1% in the second quarter. First Horizon Advisors Inc. now owns 374 shares of the technology company’s stock valued at $76,000 after purchasing an additional 107 shares during the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian and Anthropic/Williams F1 announced a multi‑year partnership to integrate Anthropic’s Claude across the Williams F1 team, highlighting Atlassian’s positioning in AI partnerships and product integration opportunities that could support enterprise demand and brand visibility. Anthropic and Atlassian Williams F1 Team announce multi-year partnership
• Positive Sentiment: Analyst preview from Zacks expects Q2 to benefit from strong cloud adoption, AI tools and continued demand for Jira and Confluence — a fundamental tailwind that supports revenue growth expectations ahead of earnings. Atlassian to Report Q2 Earnings: What’s in Store for the Stock?
• Neutral Sentiment: Media commentary notes Atlassian may have upside despite broader negative sentiment in the software sector; this is more thematic and less company‑specific. Atlassian Corporation (TEAM) has upside despite negative software sentiment
• Neutral Sentiment: Reported short interest data shows effectively zero reported short shares and a 0.0 days‑to‑cover metric — a technical data point that currently appears immaterial to price pressure.
• Negative Sentiment: CEO Michael Cannon‑Brookes sold 7,665 shares on Jan. 30 at an average $119.15 (≈$913K), reducing his stake ~2.38%; insider selling can create near‑term negative sentiment among investors. SEC filing — CEO sale
• Negative Sentiment: Director Scott Farquhar sold an identical block (7,665 shares at $119.15) on Jan. 30, also reducing his stake ~2.38%; combined insider sales from top executives amplify concerns about conviction even if sales may be routine or for diversification. SEC filing — Director sale

Analyst Ratings Changes

Several research analysts recently commented on the stock. Robert W. Baird reduced their target price on shares of Atlassian from $230.00 to $170.00 and set an “outperform” rating for the company in a report on Monday, January 26th. UBS Group set a $145.00 price objective on Atlassian in a report on Tuesday, January 27th. Zacks Research upgraded Atlassian from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. Cantor Fitzgerald restated an “overweight” rating and issued a $240.00 price target on shares of Atlassian in a research note on Friday, October 31st. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $260.00 price objective on shares of Atlassian in a research note on Friday, October 31st. Twenty research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Atlassian presently has an average rating of “Moderate Buy” and a consensus price target of $227.60.

Atlassian Trading Down 3.8%

Shares of TEAM stock opened at $113.70 on Tuesday. The company has a market capitalization of $29.92 billion, a PE ratio of -160.14, a price-to-earnings-growth ratio of 18.30 and a beta of 0.88. The firm has a 50 day moving average price of $148.33 and a two-hundred day moving average price of $160.59. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72. Atlassian Corporation PLC has a 12-month low of $113.47 and a 12-month high of $326.00.

Insiders Place Their Bets

In related news, Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $119.15, for a total value of $913,284.75. Following the transaction, the director directly owned 314,265 shares in the company, valued at approximately $37,444,674.75. This represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $119.15, for a total transaction of $913,284.75. Following the completion of the sale, the chief executive officer directly owned 314,265 shares of the company’s stock, valued at $37,444,674.75. This represents a 2.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 551,049 shares of company stock valued at $82,759,668 in the last three months. Insiders own 36.66% of the company’s stock.

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.