Other equities research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of GCP Applied Technologies from a sell rating to a hold rating in a research note on Friday, May 31st. Morgan Stanley set a $123.00 price target on shares of Lowe’s Companies and gave the stock a buy rating in a research note on Thursday, May 23rd. Mizuho set a $75.00 price target on shares of Starbucks and gave the stock a buy rating in a research note on Thursday, April 11th. Jefferies Financial Group set a $80.00 price target on shares of Foot Locker and gave the stock a buy rating in a research note on Friday, April 12th. Finally, BMO Capital Markets dropped their price target on shares of Pentair to $39.00 and set a market perform rating for the company in a research note on Thursday, April 18th. Nine equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $121.67.
TEAM opened at $138.56 on Thursday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 3.34 and a current ratio of 3.34. The company has a market capitalization of $14.71 billion, a P/E ratio of 6,927.75, a price-to-earnings-growth ratio of 97.15 and a beta of 1.30. The business’s 50 day simple moving average is $130.82. Atlassian has a fifty-two week low of $64.43 and a fifty-two week high of $143.68.
Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Wednesday, April 17th. The technology company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.26). The business had revenue of $309.30 million for the quarter, compared to the consensus estimate of $304.68 million. Atlassian had a positive return on equity of 1.34% and a negative net margin of 38.06%. The company’s quarterly revenue was up 37.9% on a year-over-year basis. During the same period last year, the firm earned $0.10 earnings per share. As a group, equities analysts anticipate that Atlassian will post 0.03 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of TEAM. Norges Bank acquired a new position in Atlassian during the fourth quarter valued at approximately $79,863,000. BlackRock Inc. boosted its holdings in shares of Atlassian by 24.8% in the first quarter. BlackRock Inc. now owns 3,197,364 shares of the technology company’s stock valued at $359,352,000 after buying an additional 636,089 shares during the period. CI Investments Inc. acquired a new position in shares of Atlassian in the fourth quarter valued at approximately $41,235,000. Nomura Asset Management Co. Ltd. acquired a new position in shares of Atlassian in the first quarter valued at approximately $46,574,000. Finally, 1832 Asset Management L.P. boosted its holdings in shares of Atlassian by 33.3% in the fourth quarter. 1832 Asset Management L.P. now owns 1,202,100 shares of the technology company’s stock valued at $105,130,000 after buying an additional 300,044 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.
Atlassian Company Profile
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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