Blair William & Co. IL Sells 2,828 Shares of Atlassian Co. Plc (NASDAQ:TEAM)

Blair William & Co. IL lessened its stake in shares of Atlassian Co. Plc (NASDAQ:TEAMGet Rating) by 0.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 319,257 shares of the technology company’s stock after selling 2,828 shares during the period. Blair William & Co. IL owned about 0.23% of Atlassian worth $121,729,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Jennison Associates LLC raised its holdings in Atlassian by 17.6% during the fourth quarter. Jennison Associates LLC now owns 8,653,353 shares of the technology company’s stock worth $3,299,437,000 after acquiring an additional 1,295,323 shares in the last quarter. Franklin Resources Inc. increased its position in Atlassian by 0.5% during the third quarter. Franklin Resources Inc. now owns 2,020,689 shares of the technology company’s stock worth $790,938,000 after buying an additional 9,572 shares during the last quarter. TD Asset Management Inc. increased its position in Atlassian by 106.8% during the fourth quarter. TD Asset Management Inc. now owns 1,362,603 shares of the technology company’s stock worth $519,547,000 after buying an additional 703,842 shares during the last quarter. Acadian Asset Management LLC increased its position in Atlassian by 1.6% during the fourth quarter. Acadian Asset Management LLC now owns 1,269,908 shares of the technology company’s stock worth $484,166,000 after buying an additional 19,865 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Atlassian by 36.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 946,199 shares of the technology company’s stock worth $370,361,000 after buying an additional 253,593 shares during the last quarter. Institutional investors and hedge funds own 91.33% of the company’s stock.

TEAM has been the topic of a number of recent analyst reports. Canaccord Genuity Group lowered their price target on Atlassian from $375.00 to $300.00 in a research report on Friday, April 29th. BMO Capital Markets lowered their price target on Atlassian from $515.00 to $382.00 in a research report on Friday, January 28th. Canaccord Genuity Group decreased their target price on Atlassian from $500.00 to $375.00 in a research report on Friday, January 28th. Truist Financial decreased their target price on Atlassian from $375.00 to $220.00 in a research report on Tuesday, May 10th. Finally, Cowen upped their target price on Atlassian from $325.00 to $330.00 and gave the company a “market perform” rating in a research report on Friday, January 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $375.83.

NASDAQ TEAM traded down $13.53 on Tuesday, reaching $164.17. The company had a trading volume of 2,394,102 shares, compared to its average volume of 2,242,388. The company has a debt-to-equity ratio of 3.30, a current ratio of 1.19 and a quick ratio of 1.19. The business has a 50 day moving average of $250.15 and a two-hundred day moving average of $308.40. Atlassian Co. Plc has a fifty-two week low of $159.54 and a fifty-two week high of $483.13. The firm has a market cap of $22.54 billion, a price-to-earnings ratio of -57.20 and a beta of 1.07.

Atlassian (NASDAQ:TEAMGet Rating) last issued its earnings results on Thursday, April 28th. The technology company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.32 by $0.15. Atlassian had a negative return on equity of 56.13% and a negative net margin of 27.73%. The company had revenue of $740.49 million during the quarter, compared to the consensus estimate of $703.87 million. During the same period last year, the business posted $0.09 EPS. The firm’s revenue for the quarter was up 30.2% compared to the same quarter last year. As a group, research analysts predict that Atlassian Co. Plc will post -0.36 earnings per share for the current fiscal year.

Atlassian Company Profile (Get Rating)

Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its products include JIRA, a workflow management system for teams to plan, track, collaborate, and manage work, and projects; Jira Service Management, a service desk product for creating and managing service experiences for various service team providers, including IT, legal, and HR teams; Jira Align for enterprise agile planning; Opsgenie, an incident management tool that centralizes alerts and notifies right people at right time; and Statuspage for incident communication.

See Also

Institutional Ownership by Quarter for Atlassian (NASDAQ:TEAM)

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