Atlassian Corporation PLC $TEAM Holdings Raised by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lifted its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 1.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,083 shares of the technology company’s stock after purchasing an additional 471 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Atlassian were worth $5,463,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of TEAM. Nuveen LLC bought a new stake in shares of Atlassian during the first quarter valued at about $327,665,000. AQR Capital Management LLC raised its stake in shares of Atlassian by 145.6% during the first quarter. AQR Capital Management LLC now owns 1,715,287 shares of the technology company’s stock valued at $354,858,000 after purchasing an additional 1,016,902 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Atlassian by 21.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,440,813 shares of the technology company’s stock valued at $730,175,000 after purchasing an additional 616,071 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Atlassian by 3.5% during the first quarter. Vanguard Group Inc. now owns 16,993,537 shares of the technology company’s stock valued at $3,606,198,000 after purchasing an additional 580,583 shares in the last quarter. Finally, Baillie Gifford & Co. grew its holdings in Atlassian by 7.1% during the first quarter. Baillie Gifford & Co. now owns 8,694,755 shares of the technology company’s stock worth $1,845,114,000 after acquiring an additional 573,696 shares during the period. 94.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TEAM. UBS Group lowered their target price on Atlassian from $215.00 to $185.00 and set a “neutral” rating on the stock in a report on Friday. Raymond James Financial lowered their target price on Atlassian from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Guggenheim began coverage on Atlassian in a report on Thursday, September 11th. They set a “buy” rating and a $225.00 target price on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Atlassian in a report on Friday. Finally, Capital One Financial lowered Atlassian from an “overweight” rating to an “equal weight” rating and set a $211.00 target price on the stock. in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $245.26.

Atlassian Trading Down 1.4%

Shares of TEAM opened at $162.64 on Friday. The business’s 50-day moving average price is $164.49 and its 200 day moving average price is $189.35. The stock has a market capitalization of $42.67 billion, a P/E ratio of -164.28 and a beta of 0.92. Atlassian Corporation PLC has a 1-year low of $144.32 and a 1-year high of $326.00. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.73.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.Atlassian’s revenue was up 22.3% on a year-over-year basis. During the same quarter last year, the business posted $0.66 EPS. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Insider Buying and Selling at Atlassian

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $171.03, for a total transaction of $1,310,944.95. Following the transaction, the director owned 275,940 shares of the company’s stock, valued at $47,194,018.20. The trade was a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Anutthara Bharadwaj sold 7,728 shares of Atlassian stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $163.43, for a total value of $1,262,987.04. Following the transaction, the president directly owned 182,801 shares in the company, valued at approximately $29,875,167.43. This trade represents a 4.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 551,608 shares of company stock valued at $92,691,699 in the last 90 days. 36.66% of the stock is currently owned by corporate insiders.

About Atlassian

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.