Atlassian Corporation PLC $TEAM Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Atlassian Corporation PLC (NASDAQ:TEAM) by 9.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,516 shares of the technology company’s stock after acquiring an additional 13,984 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.06% of Atlassian worth $31,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Smithfield Trust Co increased its position in shares of Atlassian by 90.7% during the first quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock worth $34,000 after purchasing an additional 78 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Atlassian by 447.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock worth $42,000 after buying an additional 161 shares during the last quarter. State of Wyoming grew its stake in Atlassian by 20.3% during the 1st quarter. State of Wyoming now owns 278 shares of the technology company’s stock worth $59,000 after buying an additional 47 shares during the last quarter. First Horizon Advisors Inc. increased its position in Atlassian by 40.1% during the second quarter. First Horizon Advisors Inc. now owns 374 shares of the technology company’s stock worth $76,000 after buying an additional 107 shares during the period. Finally, Banque Transatlantique SA purchased a new stake in Atlassian in the first quarter valued at approximately $77,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Insider Buying and Selling at Atlassian

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $158.00, for a total transaction of $1,211,070.00. Following the sale, the director directly owned 268,275 shares in the company, valued at approximately $42,387,450. The trade was a 2.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $158.00, for a total transaction of $1,211,070.00. Following the transaction, the chief executive officer directly owned 268,275 shares in the company, valued at approximately $42,387,450. This trade represents a 2.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders acquired 4,497 shares of company stock valued at $742,375 and sold 566,938 shares valued at $92,943,648. 36.66% of the stock is owned by corporate insiders.

Atlassian Price Performance

Shares of NASDAQ:TEAM opened at $157.54 on Wednesday. Atlassian Corporation PLC has a 52 week low of $144.32 and a 52 week high of $326.00. The company has a 50-day moving average price of $162.56 and a 200 day moving average price of $185.44. The company has a market cap of $41.45 billion, a P/E ratio of -221.88, a PEG ratio of 37.74 and a beta of 0.95. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72.

Atlassian (NASDAQ:TEAM) last issued its earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.21. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.The company’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 EPS. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Research analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TEAM. Cantor Fitzgerald restated an “overweight” rating and set a $240.00 target price on shares of Atlassian in a research report on Friday, October 31st. Macquarie lowered their price objective on shares of Atlassian from $250.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Truist Financial set a $210.00 target price on shares of Atlassian in a report on Friday, October 31st. Citigroup reissued a “buy” rating on shares of Atlassian in a report on Wednesday, October 22nd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $260.00 price objective on shares of Atlassian in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $239.44.

About Atlassian

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.