Mitsubishi UFJ Trust & Banking Corp Has $54.17 Million Stock Holdings in Atlassian Co. Plc (NASDAQ:TEAM)

Mitsubishi UFJ Trust & Banking Corp cut its position in shares of Atlassian Co. Plc (NASDAQ:TEAM) by 7.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 256,999 shares of the technology company’s stock after selling 19,643 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Atlassian were worth $54,165,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TEAM. Amundi Pioneer Asset Management Inc. increased its stake in shares of Atlassian by 3.3% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 119,445 shares of the technology company’s stock worth $13,425,000 after purchasing an additional 3,812 shares during the last quarter. Comerica Bank grew its stake in Atlassian by 32.5% in the 4th quarter. Comerica Bank now owns 7,075 shares of the technology company’s stock valued at $1,666,000 after buying an additional 1,735 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new position in Atlassian in the 4th quarter valued at about $266,000. Victory Capital Management Inc. grew its stake in Atlassian by 75.8% in the 4th quarter. Victory Capital Management Inc. now owns 57,182 shares of the technology company’s stock valued at $13,373,000 after buying an additional 24,664 shares during the last quarter. Finally, AE Wealth Management LLC grew its stake in Atlassian by 5.2% in the 4th quarter. AE Wealth Management LLC now owns 1,326 shares of the technology company’s stock valued at $310,000 after buying an additional 65 shares during the last quarter. Institutional investors own 90.26% of the company’s stock.

Shares of NASDAQ TEAM opened at $238.56 on Friday. Atlassian Co. Plc has a 52-week low of $160.01 and a 52-week high of $262.40. The company has a 50 day simple moving average of $226.94. The firm has a market cap of $31.53 billion, a PE ratio of -67.97, a P/E/G ratio of 44.97 and a beta of 0.82.

A number of brokerages recently commented on TEAM. Canaccord Genuity upped their price target on shares of Atlassian from $260.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, April 30th. Wells Fargo & Company increased their target price on shares of Atlassian from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 14th. Jefferies Financial Group decreased their target price on shares of Atlassian from $250.00 to $240.00 and set a “hold” rating on the stock in a research report on Tuesday, May 18th. They noted that the move was a valuation call. Macquarie increased their target price on shares of Atlassian from $263.00 to $270.00 and gave the stock an “outperform” rating in a research report on Friday, April 30th. Finally, Mizuho increased their target price on shares of Atlassian from $270.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, April 30th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $259.50.

Atlassian Profile

Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. It provides project tracking, content creation and sharing, and service management products. The company's products include JIRA, a workflow management system that enables teams to plan, organize, track, and manage their work and projects; Confluence, a content collaboration platform that is used to create, share, organize, and discuss projects; and Trello, a collaboration and organization product, which captures and adds structure to fluid fast-forming work for teams.

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Institutional Ownership by Quarter for Atlassian (NASDAQ:TEAM)

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