TD Asset Management Inc. increased its position in Atlassian Co. PLC (NASDAQ:TEAM) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 187,550 shares of the technology company’s stock after buying an additional 2,000 shares during the period. TD Asset Management Inc. owned 0.18% of Atlassian worth $16,688,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of TEAM. Dimensional Fund Advisors LP lifted its holdings in shares of Atlassian by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 72,086 shares of the technology company’s stock worth $4,507,000 after acquiring an additional 1,119 shares during the period. FMR LLC lifted its holdings in shares of Atlassian by 14.1% during the 2nd quarter. FMR LLC now owns 9,000,442 shares of the technology company’s stock worth $562,708,000 after acquiring an additional 1,112,999 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Atlassian by 39.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,655,435 shares of the technology company’s stock worth $103,497,000 after acquiring an additional 471,860 shares during the period. Northern Trust Corp lifted its holdings in shares of Atlassian by 24.9% during the 2nd quarter. Northern Trust Corp now owns 230,089 shares of the technology company’s stock worth $14,385,000 after acquiring an additional 45,877 shares during the period. Finally, Nisa Investment Advisors LLC purchased a new position in shares of Atlassian during the 3rd quarter worth about $2,170,000. Institutional investors own 88.78% of the company’s stock.
Several research analysts have recently weighed in on TEAM shares. Robert W. Baird increased their price objective on shares of Atlassian from $88.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, January 18th. Needham & Company LLC started coverage on shares of Atlassian in a report on Monday, October 22nd. They set a “hold” rating on the stock. They noted that the move was a valuation call. Morgan Stanley lowered shares of Atlassian from an “equal” rating to a “weight” rating in a report on Tuesday, January 15th. BidaskClub upgraded shares of Atlassian from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 3rd. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $100.00 price objective (up from $82.00) on shares of Atlassian in a report on Friday, January 18th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Atlassian presently has a consensus rating of “Buy” and an average target price of $103.45.
TEAM traded up $1.09 on Monday, reaching $105.43. 9,658 shares of the company’s stock were exchanged, compared to its average volume of 1,969,057. The company has a market cap of $11.08 billion, a PE ratio of -1,494.29, a price-to-earnings-growth ratio of 93.68 and a beta of 1.85. Atlassian Co. PLC has a twelve month low of $47.74 and a twelve month high of $104.95. The company has a debt-to-equity ratio of 1.02, a quick ratio of 3.44 and a current ratio of 3.44.
Atlassian (NASDAQ:TEAM) last posted its earnings results on Thursday, January 17th. The technology company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.15). The business had revenue of $299.00 million for the quarter, compared to analyst estimates of $288.28 million. Atlassian had a positive return on equity of 3.01% and a negative net margin of 22.96%. The firm’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same period last year, the company posted $0.13 EPS. On average, sell-side analysts predict that Atlassian Co. PLC will post 0.08 earnings per share for the current year.
Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. It provides project tracking, content creation and sharing, and service management products. The company's products include JIRA, a workflow management system that enables teams to plan, organize, track, and manage their work and projects; Confluence, a content collaboration platform that is used to create, share, organize, and discuss projects; and Trello, a Web-based project management application for capturing and adding structure to fluid, fast-forming work for teams.
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