Atlassian Co. (NASDAQ:TEAM) Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D grew its stake in Atlassian Co. (NASDAQ:TEAM) by 2.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,064 shares of the technology company’s stock after purchasing an additional 1,846 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Atlassian were worth $21,185,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. National Bank of Canada FI increased its stake in shares of Atlassian by 15.0% in the 3rd quarter. National Bank of Canada FI now owns 1,057 shares of the technology company’s stock worth $209,000 after acquiring an additional 138 shares during the last quarter. CWM LLC grew its position in Atlassian by 61.3% in the 3rd quarter. CWM LLC now owns 2,028 shares of the technology company’s stock valued at $409,000 after acquiring an additional 771 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Atlassian by 40.3% in the 3rd quarter. SG Americas Securities LLC now owns 8,517 shares of the technology company’s stock valued at $1,716,000 after buying an additional 2,448 shares during the period. Founders Financial Securities LLC boosted its stake in shares of Atlassian by 8.6% in the 3rd quarter. Founders Financial Securities LLC now owns 1,754 shares of the technology company’s stock valued at $353,000 after buying an additional 139 shares during the period. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Atlassian by 63.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 6,221 shares of the technology company’s stock valued at $1,254,000 after buying an additional 2,420 shares during the period. Hedge funds and other institutional investors own 93.03% of the company’s stock.

Atlassian Stock Performance

Atlassian stock traded down $0.60 during trading hours on Thursday, hitting $198.41. The stock had a trading volume of 1,921,415 shares, compared to its average volume of 1,690,192. Atlassian Co. has a fifty-two week low of $128.02 and a fifty-two week high of $258.69. The company has a market cap of $51.47 billion, a PE ratio of -133.42 and a beta of 0.63. The company has a 50-day moving average of $200.84 and a two-hundred day moving average of $206.75. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.04.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings data on Thursday, February 1st. The technology company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.24). Atlassian had a negative net margin of 9.87% and a negative return on equity of 34.56%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. On average, equities research analysts anticipate that Atlassian Co. will post -0.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. The Goldman Sachs Group lifted their price target on Atlassian from $188.00 to $215.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. StockNews.com downgraded Atlassian from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Mizuho dropped their price target on Atlassian from $265.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, April 15th. William Blair reiterated an “outperform” rating on shares of Atlassian in a research note on Friday, February 2nd. Finally, Citigroup reduced their price target on Atlassian from $280.00 to $265.00 and set a “buy” rating for the company in a report on Friday, April 12th. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $224.25.

Insider Buying and Selling

In related news, CEO Scott Farquhar sold 8,241 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $253.53, for a total transaction of $2,089,340.73. Following the sale, the chief executive officer now directly owns 346,122 shares in the company, valued at approximately $87,752,310.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Scott Farquhar sold 8,241 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $253.53, for a total transaction of $2,089,340.73. Following the sale, the chief executive officer now directly owns 346,122 shares in the company, valued at approximately $87,752,310.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Gene Liu sold 582 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $215.00, for a total value of $125,130.00. Following the sale, the chief accounting officer now owns 45,865 shares in the company, valued at $9,860,975. The disclosure for this sale can be found here. Insiders have sold a total of 300,450 shares of company stock worth $62,114,072 in the last three months. Insiders own 40.48% of the company’s stock.

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.