Sustainable Growth Advisers LP Raises Holdings in Atlassian Corporation PLC $TEAM

Sustainable Growth Advisers LP raised its position in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 35.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,970 shares of the technology company’s stock after acquiring an additional 17,747 shares during the period. Sustainable Growth Advisers LP’s holdings in Atlassian were worth $13,804,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. One Wealth Advisors LLC raised its stake in shares of Atlassian by 56.7% in the 2nd quarter. One Wealth Advisors LLC now owns 4,436 shares of the technology company’s stock valued at $901,000 after acquiring an additional 1,606 shares during the period. Allianz Asset Management GmbH raised its position in Atlassian by 28.6% in the second quarter. Allianz Asset Management GmbH now owns 102,194 shares of the technology company’s stock valued at $20,755,000 after purchasing an additional 22,701 shares during the period. Machina Capital S.A.S. lifted its stake in shares of Atlassian by 203.0% during the second quarter. Machina Capital S.A.S. now owns 9,376 shares of the technology company’s stock worth $1,904,000 after purchasing an additional 6,282 shares in the last quarter. Nicholas Company Inc. boosted its position in shares of Atlassian by 10.0% in the second quarter. Nicholas Company Inc. now owns 227,789 shares of the technology company’s stock worth $46,262,000 after buying an additional 20,635 shares during the period. Finally, Versor Investments LP grew its stake in shares of Atlassian by 121.7% in the second quarter. Versor Investments LP now owns 3,004 shares of the technology company’s stock valued at $610,000 after buying an additional 1,649 shares in the last quarter. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Scott Farquhar sold 7,665 shares of the stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $153.77, for a total value of $1,178,647.05. Following the completion of the transaction, the director directly owned 245,280 shares in the company, valued at $37,716,705.60. This trade represents a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Scott Belsky acquired 1,476 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was purchased at an average cost of $169.99 per share, for a total transaction of $250,905.24. Following the purchase, the director directly owned 4,497 shares in the company, valued at approximately $764,445.03. This represents a 48.86% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have purchased 4,497 shares of company stock worth $742,375 and have sold 551,880 shares worth $90,337,237. 36.66% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TEAM has been the topic of a number of recent research reports. Guggenheim initiated coverage on shares of Atlassian in a research report on Thursday, September 11th. They set a “buy” rating and a $225.00 target price on the stock. Barclays cut their price objective on shares of Atlassian from $244.00 to $215.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Truist Financial set a $210.00 target price on Atlassian in a research note on Friday, October 31st. Robert W. Baird set a $230.00 target price on Atlassian in a research report on Friday, October 31st. Finally, BMO Capital Markets raised their price objective on Atlassian from $190.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Atlassian has an average rating of “Moderate Buy” and an average price target of $239.44.

Atlassian Stock Down 0.2%

Shares of Atlassian stock opened at $151.79 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $39.94 billion, a price-to-earnings ratio of -213.79, a PEG ratio of 36.06 and a beta of 0.95. Atlassian Corporation PLC has a twelve month low of $144.32 and a twelve month high of $326.00. The business’s 50 day simple moving average is $161.52 and its 200-day simple moving average is $184.46.

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

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.