Mitsubishi UFJ Asset Management Co. Ltd. Boosts Position in Atlassian Corporation PLC $TEAM

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Atlassian Corporation PLC (NASDAQ:TEAM) by 9.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 155,516 shares of the technology company’s stock after purchasing an additional 13,984 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Atlassian were worth $31,584,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Freemont Management S.A. purchased a new position in Atlassian during the 2nd quarter valued at about $21,385,000. Summit Investment Advisors Inc. grew its position in shares of Atlassian by 4.5% in the first quarter. Summit Investment Advisors Inc. now owns 5,368 shares of the technology company’s stock valued at $1,139,000 after purchasing an additional 231 shares during the last quarter. Fox Run Management L.L.C. increased its stake in shares of Atlassian by 1.5% during the 2nd quarter. Fox Run Management L.L.C. now owns 7,568 shares of the technology company’s stock worth $1,537,000 after purchasing an additional 112 shares in the last quarter. Penserra Capital Management LLC raised its position in shares of Atlassian by 427.5% during the 2nd quarter. Penserra Capital Management LLC now owns 16,053 shares of the technology company’s stock worth $3,258,000 after purchasing an additional 13,010 shares during the last quarter. Finally, KCM Investment Advisors LLC lifted its stake in Atlassian by 9.9% in the 2nd quarter. KCM Investment Advisors LLC now owns 4,200 shares of the technology company’s stock valued at $853,000 after buying an additional 380 shares in the last quarter. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Atlassian Trading Down 1.0%

Shares of TEAM stock opened at $157.54 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72. Atlassian Corporation PLC has a fifty-two week low of $144.32 and a fifty-two week high of $326.00. The firm’s 50 day moving average price is $162.56 and its two-hundred day moving average price is $185.44. The stock has a market cap of $41.45 billion, a price-to-earnings ratio of -221.88, a price-to-earnings-growth ratio of 37.74 and a beta of 0.95.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, October 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.21. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the firm posted $0.77 earnings per share. The business’s quarterly revenue was up 20.6% on a year-over-year basis. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, analysts anticipate that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Analysts Set New Price Targets

TEAM has been the subject of a number of analyst reports. TD Cowen cut their price target on Atlassian from $220.00 to $205.00 and set a “hold” rating for the company in a report on Monday, October 27th. Citigroup reiterated a “buy” rating on shares of Atlassian in a research report on Wednesday, October 22nd. Cowen restated a “hold” rating on shares of Atlassian in a report on Monday, October 27th. Truist Financial set a $210.00 price target on shares of Atlassian in a research note on Friday, October 31st. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $240.00 price objective on shares of Atlassian in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Atlassian currently has a consensus rating of “Moderate Buy” and a consensus price target of $239.44.

Insider Buying and Selling at Atlassian

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $169.73, for a total transaction of $1,300,980.45. Following the sale, the director directly owned 199,290 shares in the company, valued at $33,825,491.70. The trade was a 3.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $169.40, for a total value of $1,298,451.00. Following the completion of the transaction, the chief executive officer directly owned 183,960 shares in the company, valued at approximately $31,162,824. The trade was a 4.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders bought 4,497 shares of company stock valued at $742,375 and sold 566,938 shares valued at $92,943,648. 36.66% of the stock is currently owned by corporate insiders.

Atlassian Company 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.