Atlassian Co. (NASDAQ:TEAM) Shares Bought by Gotham Asset Management LLC

Gotham Asset Management LLC grew its holdings in Atlassian Co. (NASDAQ:TEAM) by 17.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 20,142 shares of the technology company’s stock after purchasing an additional 2,926 shares during the period. Gotham Asset Management LLC’s holdings in Atlassian were worth $4,902,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Allworth Financial LP lifted its holdings in shares of Atlassian by 3.1% in the fourth quarter. Allworth Financial LP now owns 1,548 shares of the technology company’s stock valued at $404,000 after purchasing an additional 47 shares in the last quarter. Pallas Capital Advisors LLC lifted its holdings in shares of Atlassian by 185.9% in the fourth quarter. Pallas Capital Advisors LLC now owns 4,245 shares of the technology company’s stock valued at $1,033,000 after purchasing an additional 2,760 shares in the last quarter. Slow Capital Inc. lifted its holdings in shares of Atlassian by 2.9% in the fourth quarter. Slow Capital Inc. now owns 33,879 shares of the technology company’s stock valued at $8,245,000 after purchasing an additional 959 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Atlassian by 3,951.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 149,690 shares of the technology company’s stock valued at $36,432,000 after purchasing an additional 145,995 shares in the last quarter. Finally, SYM FINANCIAL Corp purchased a new stake in shares of Atlassian in the fourth quarter valued at $230,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TEAM shares. Morgan Stanley reduced their target price on Atlassian from $370.00 to $320.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. KeyCorp dropped their price target on shares of Atlassian from $365.00 to $275.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. Cantor Fitzgerald raised shares of Atlassian from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $304.00 to $272.00 in a research note on Wednesday, April 2nd. UBS Group dropped their price target on shares of Atlassian from $230.00 to $215.00 and set a “neutral” rating on the stock in a research note on Friday, May 2nd. Finally, William Blair reaffirmed an “outperform” rating on shares of Atlassian in a research note on Friday, January 31st. Five analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Atlassian has a consensus rating of “Moderate Buy” and an average price target of $285.29.

Atlassian Trading Up 2.6%

Atlassian stock opened at $229.52 on Wednesday. The company has a market capitalization of $60.13 billion, a price-to-earnings ratio of -171.28 and a beta of 1.06. The company’s fifty day moving average price is $214.30 and its two-hundred day moving average price is $246.65. Atlassian Co. has a one year low of $135.29 and a one year high of $326.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.24 and a quick ratio of 1.24.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Thursday, May 1st. The technology company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.04. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.35 billion. Atlassian had a negative return on equity of 17.37% and a negative net margin of 7.22%. The firm’s revenue was up 14.1% compared to the same quarter last year. During the same period last year, the business posted $0.89 earnings per share. On average, analysts forecast that Atlassian Co. will post -0.34 earnings per share for the current fiscal year.

Insider Activity

In related news, President Anutthara Bharadwaj sold 1,520 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $312.58, for a total value of $475,121.60. Following the completion of the sale, the president now owns 201,657 shares in the company, valued at approximately $63,033,945.06. This trade represents a 0.75% 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, CAO Gene Liu sold 568 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $312.08, for a total transaction of $177,261.44. Following the completion of the sale, the chief accounting officer now owns 52,142 shares of the company’s stock, valued at approximately $16,272,475.36. The trade was a 1.08% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 252,786 shares of company stock valued at $58,795,052. 38.55% of the stock is owned by insiders.

Atlassian 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.