Atlassian Corporation PLC (NASDAQ:TEAM) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its position in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 39.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 79,946 shares of the technology company’s stock after buying an additional 22,576 shares during the period. Daiwa Securities Group Inc.’s holdings in Atlassian Corporation PLC were worth $2,813,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TEAM. State Street Corp boosted its position in Atlassian Corporation PLC by 56.9% in the fourth quarter. State Street Corp now owns 561,142 shares of the technology company’s stock valued at $13,512,000 after buying an additional 203,557 shares during the period. Janus Capital Management LLC boosted its position in Atlassian Corporation PLC by 2.8% in the first quarter. Janus Capital Management LLC now owns 7,110,873 shares of the technology company’s stock valued at $212,971,000 after buying an additional 191,710 shares during the period. Nationwide Fund Advisors boosted its position in Atlassian Corporation PLC by 4.6% in the first quarter. Nationwide Fund Advisors now owns 218,980 shares of the technology company’s stock valued at $6,558,000 after buying an additional 9,720 shares during the period. Russell Investments Group Ltd. bought a new position in Atlassian Corporation PLC during the fourth quarter valued at $499,000. Finally, Norges Bank bought a new position in Atlassian Corporation PLC during the fourth quarter valued at $10,176,000. Institutional investors own 81.51% of the company’s stock.

Shares of Atlassian Corporation PLC (NASDAQ:TEAM) opened at 35.43 on Tuesday. Atlassian Corporation PLC has a 12-month low of $23.80 and a 12-month high of $39.25. The firm’s 50-day moving average is $35.68 and its 200-day moving average is $32.52. The firm’s market cap is $8.00 billion.

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Several research analysts recently weighed in on TEAM shares. Guggenheim started coverage on shares of Atlassian Corporation PLC in a research report on Wednesday, April 12th. They issued a “neutral” rating for the company. They noted that the move was a valuation call. Raymond James Financial, Inc. restated a “market perform” rating on shares of Atlassian Corporation PLC in a research report on Thursday, April 20th. BMO Capital Markets restated a “hold” rating and issued a $29.00 price objective on shares of Atlassian Corporation PLC in a research report on Friday, April 21st. BTIG Research restated a “neutral” rating on shares of Atlassian Corporation PLC in a research report on Monday, April 24th. Finally, Canaccord Genuity restated a “buy” rating and issued a $40.00 price objective on shares of Atlassian Corporation PLC in a research report on Friday, April 28th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Atlassian Corporation PLC currently has an average rating of “Buy” and a consensus target price of $38.73.

About Atlassian Corporation PLC

Atlassian Corporation Plc is a holding company. The Company offers a range of team collaboration products. The Company offers products, including JIRA, Confluence, HipChat, Bitbucket and JIRA Service Desk, for software developers, information technology (IT) managers and knowledge workers. The Company offers JIRA for team planning and project management; Confluence for team content creation and sharing; HipChat for team real-time messaging and communications; Bitbucket for team code sharing and management, and JIRA Service Desk for team service and support applications.

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Institutional Ownership by Quarter for Atlassian Corporation PLC (NASDAQ:TEAM)

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