Atlassian Co. (NASDAQ:TEAM) Shares Acquired by Natixis

Natixis boosted its position in Atlassian Co. (NASDAQ:TEAM) by 126.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,987 shares of the technology company’s stock after acquiring an additional 5,025 shares during the quarter. Natixis’ holdings in Atlassian were worth $2,187,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in shares of Atlassian in the 3rd quarter valued at about $606,000. SkyView Investment Advisors LLC lifted its position in Atlassian by 3.0% during the third quarter. SkyView Investment Advisors LLC now owns 4,128 shares of the technology company’s stock valued at $656,000 after buying an additional 122 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its position in Atlassian by 59.4% during the third quarter. Wilmington Savings Fund Society FSB now owns 2,901 shares of the technology company’s stock valued at $461,000 after buying an additional 1,081 shares in the last quarter. Tidal Investments LLC grew its stake in Atlassian by 143.2% during the third quarter. Tidal Investments LLC now owns 12,605 shares of the technology company’s stock worth $2,002,000 after buying an additional 7,422 shares during the period. Finally, Synovus Financial Corp increased its position in shares of Atlassian by 26.4% in the third quarter. Synovus Financial Corp now owns 19,962 shares of the technology company’s stock worth $3,170,000 after acquiring an additional 4,173 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on TEAM. UBS Group decreased their price target on shares of Atlassian from $330.00 to $230.00 and set a “neutral” rating for the company in a research report on Tuesday, April 1st. Scotiabank upped their target price on Atlassian from $250.00 to $330.00 and gave the stock a “sector perform” rating in a research report on Friday, January 31st. Piper Sandler increased their target price on Atlassian from $310.00 to $365.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. The Goldman Sachs Group boosted their price target on Atlassian from $245.00 to $370.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Finally, Cantor Fitzgerald raised shares of Atlassian from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $304.00 to $272.00 in a research report on Wednesday, April 2nd. Six investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Atlassian has a consensus rating of “Moderate Buy” and an average price target of $297.73.

Insider Buying and Selling at Atlassian

In other Atlassian news, CAO Gene Liu sold 779 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $320.01, for a total value of $249,287.79. Following the sale, the chief accounting officer now directly owns 52,710 shares of the company’s stock, valued at $16,867,727.10. This trade represents a 1.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Scott Farquhar sold 7,948 shares of the firm’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $185.61, for a total value of $1,475,228.28. Following the completion of the sale, the director now owns 333,816 shares in the company, valued at $61,959,587.76. The trade was a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 261,513 shares of company stock worth $66,621,566 over the last ninety days. Company insiders own 38.55% of the company’s stock.

Atlassian Stock Performance

TEAM stock opened at $200.30 on Wednesday. The firm has a market cap of $52.48 billion, a P/E ratio of -149.48 and a beta of 1.07. The stock’s 50 day simple moving average is $234.84 and its 200 day simple moving average is $243.17. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.81. Atlassian Co. has a 12-month low of $135.29 and a 12-month high of $326.00.

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

Atlassian 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.