Plato Investment Management Ltd Increases Holdings in Atlassian Corporation PLC $TEAM

Plato Investment Management Ltd lifted its holdings in Atlassian Corporation PLC (NASDAQ:TEAM) by 17.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,465 shares of the technology company’s stock after acquiring an additional 974 shares during the period. Plato Investment Management Ltd’s holdings in Atlassian were worth $1,387,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TEAM. Clean Yield Group raised its position in Atlassian by 372.0% during the first quarter. Clean Yield Group now owns 118 shares of the technology company’s stock valued at $25,000 after purchasing an additional 93 shares during the period. Smithfield Trust Co boosted its holdings in shares of Atlassian by 90.7% in the 1st quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock worth $34,000 after purchasing an additional 78 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Atlassian by 82.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 243 shares of the technology company’s stock worth $52,000 after purchasing an additional 110 shares during the period. First Horizon Advisors Inc. increased its position in shares of Atlassian by 25.9% during the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company’s stock valued at $57,000 after purchasing an additional 55 shares during the last quarter. Finally, State of Wyoming raised its holdings in Atlassian by 20.3% during the 1st quarter. State of Wyoming now owns 278 shares of the technology company’s stock valued at $59,000 after buying an additional 47 shares during the period. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Atlassian Price Performance

Atlassian stock opened at $174.32 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market cap of $45.73 billion, a price-to-earnings ratio of -176.08 and a beta of 0.95. The firm has a 50-day moving average of $183.87 and a two-hundred day moving average of $205.66. Atlassian Corporation PLC has a 1 year low of $154.07 and a 1 year high of $326.00.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.36 billion. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The company’s revenue was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 earnings per share. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, research analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Michael Cannon-Brookes sold 7,665 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $171.59, for a total transaction of $1,315,237.35. Following the transaction, the chief executive officer owned 114,975 shares in the company, valued at approximately $19,728,560.25. This trade represents a 6.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Scott Belsky acquired 1,455 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The stock was purchased at an average price of $173.00 per share, with a total value of $251,715.00. Following the completion of the acquisition, the director directly owned 1,455 shares of the company’s stock, valued at $251,715. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 520,948 shares of company stock worth $97,918,156. 38.55% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on TEAM shares. Truist Financial set a $230.00 price objective on shares of Atlassian in a research note on Friday, August 8th. Cantor Fitzgerald dropped their price target on shares of Atlassian from $256.00 to $240.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. KeyCorp cut their price target on shares of Atlassian from $275.00 to $250.00 and set an “overweight” rating on the stock in a report on Thursday, July 17th. Citigroup decreased their price objective on shares of Atlassian from $300.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, August 18th. Finally, Zacks Research upgraded Atlassian from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Atlassian presently has a consensus rating of “Moderate Buy” and a consensus price target of $256.90.

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.