Atlassian Co. (NASDAQ:TEAM) Shares Acquired by Capital Group Investment Management PTE. LTD.

Capital Group Investment Management PTE. LTD. boosted its position in Atlassian Co. (NASDAQ:TEAM) by 1.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 8,200 shares of the technology company’s stock after acquiring an additional 148 shares during the quarter. Capital Group Investment Management PTE. LTD.’s holdings in Atlassian were worth $1,996,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in TEAM. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Atlassian in the 4th quarter valued at approximately $27,000. Summit Securities Group LLC purchased a new position in Atlassian in the fourth quarter worth $38,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Atlassian during the 4th quarter worth $39,000. Avion Wealth boosted its position in shares of Atlassian by 1,308.3% during the 4th quarter. Avion Wealth now owns 169 shares of the technology company’s stock worth $41,000 after purchasing an additional 157 shares in the last quarter. Finally, Assetmark Inc. grew its stake in shares of Atlassian by 30.6% during the 4th quarter. Assetmark Inc. now owns 175 shares of the technology company’s stock worth $43,000 after purchasing an additional 41 shares during the period. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Atlassian Trading Down 1.2 %

NASDAQ TEAM opened at $202.75 on Friday. Atlassian Co. has a 12 month low of $135.29 and a 12 month high of $326.00. The company has a 50-day moving average of $241.92 and a 200-day moving average of $241.88. The company has a market cap of $53.12 billion, a P/E ratio of -151.30 and a beta of 1.07. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.24 and a quick ratio of 1.24.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Thursday, January 30th. The technology company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.85). Atlassian had a negative net margin of 7.22% and a negative return on equity of 17.37%. As a group, equities analysts predict that Atlassian Co. will post -0.34 earnings per share for the current year.

Insider Buying and Selling at Atlassian

In other Atlassian news, President Anutthara Bharadwaj sold 1,723 shares of Atlassian stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $305.84, for a total transaction of $526,962.32. Following the transaction, the president now directly owns 199,934 shares of the company’s stock, valued at $61,147,814.56. The trade was a 0.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Scott Farquhar sold 7,948 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $255.71, for a total transaction of $2,032,383.08. Following the completion of the sale, the director now directly owns 381,504 shares of the company’s stock, valued at $97,554,387.84. The trade was a 2.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 261,513 shares of company stock valued at $67,123,959. Company insiders own 38.55% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on TEAM shares. KeyCorp decreased their price objective on shares of Atlassian from $365.00 to $275.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Scotiabank upped their target price on Atlassian from $250.00 to $330.00 and gave the company a “sector perform” rating in a report on Friday, January 31st. Robert W. Baird raised Atlassian from a “neutral” rating to an “outperform” rating and cut their price target for the stock from $320.00 to $255.00 in a research note on Monday. UBS Group lowered their price objective on shares of Atlassian from $330.00 to $230.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 1st. Finally, Jefferies Financial Group cut their target price on shares of Atlassian from $330.00 to $262.00 and set a “buy” rating for the company in a research report on Monday, April 7th. Six research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $297.73.

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.