Daiwa Securities Group Inc. Has $3.14 Million Position in Atlassian Corporation PLC (TEAM)

Daiwa Securities Group Inc. raised its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 11.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,397 shares of the technology company’s stock after purchasing an additional 9,451 shares during the period. Daiwa Securities Group Inc.’s holdings in Atlassian Corporation PLC were worth $3,142,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of TEAM. Janus Henderson Group PLC purchased a new position in Atlassian Corporation PLC during the second quarter valued at $251,088,000. FMR LLC lifted its holdings in Atlassian Corporation PLC by 148.8% during the second quarter. FMR LLC now owns 5,448,713 shares of the technology company’s stock valued at $191,686,000 after purchasing an additional 3,258,877 shares in the last quarter. State Street Corp lifted its holdings in Atlassian Corporation PLC by 79.5% during the second quarter. State Street Corp now owns 995,220 shares of the technology company’s stock valued at $35,012,000 after purchasing an additional 440,847 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Atlassian Corporation PLC by 3,340.5% during the second quarter. Wells Fargo & Company MN now owns 365,104 shares of the technology company’s stock valued at $12,844,000 after purchasing an additional 354,492 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new position in shares of Atlassian Corporation PLC in the second quarter worth about $12,263,000. 74.32% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Atlassian Corporation PLC (TEAM) opened at $52.33 on Friday. Atlassian Corporation PLC has a 12-month low of $23.80 and a 12-month high of $53.21.

Atlassian Corporation PLC (NASDAQ:TEAM) last announced its quarterly earnings results on Thursday, October 19th. The technology company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.17. The business had revenue of $193.80 million during the quarter, compared to analysts’ expectations of $185.78 million. Atlassian Corporation PLC had a negative net margin of 7.96% and a negative return on equity of 2.11%. The business’s revenue for the quarter was up 41.7% on a year-over-year basis. During the same period last year, the business earned $0.10 earnings per share. sell-side analysts expect that Atlassian Corporation PLC will post -0.13 earnings per share for the current year.

Several equities analysts have recently weighed in on TEAM shares. Morgan Stanley raised shares of Atlassian Corporation PLC from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $35.00 to $45.00 in a research note on Tuesday, July 25th. BMO Capital Markets reissued a “market perform” rating and issued a $42.00 price target (up from $40.00) on shares of Atlassian Corporation PLC in a research note on Wednesday, July 26th. Oppenheimer Holdings, Inc. raised their price target on shares of Atlassian Corporation PLC to $50.00 and gave the stock an “outperform” rating in a research note on Friday, October 20th. Robert W. Baird reissued a “buy” rating and issued a $43.00 price target on shares of Atlassian Corporation PLC in a research note on Thursday, August 31st. Finally, Zacks Investment Research raised shares of Atlassian Corporation PLC from a “hold” rating to a “strong-buy” rating and set a $56.00 price target on the stock in a research note on Wednesday, October 25th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $49.20.

Atlassian Corporation PLC Profile

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.

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

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