Leelyn Smith LLC Boosts Stock Position in Atlassian Co. (NASDAQ:TEAM)

Leelyn Smith LLC raised its position in shares of Atlassian Co. (NASDAQ:TEAM) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,447 shares of the technology company’s stock after buying an additional 481 shares during the quarter. Leelyn Smith LLC’s holdings in Atlassian were worth $2,056,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. lifted its position in Atlassian by 61.4% during the third quarter. Principal Financial Group Inc. now owns 10,770 shares of the technology company’s stock valued at $1,710,000 after acquiring an additional 4,099 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of Atlassian by 140.4% during the third quarter. GSA Capital Partners LLP now owns 4,827 shares of the technology company’s stock worth $767,000 after purchasing an additional 2,819 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Atlassian by 24.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 1,771 shares of the technology company’s stock valued at $281,000 after purchasing an additional 347 shares during the last quarter. Metis Global Partners LLC boosted its position in shares of Atlassian by 12.9% in the 3rd quarter. Metis Global Partners LLC now owns 4,030 shares of the technology company’s stock worth $640,000 after purchasing an additional 459 shares in the last quarter. Finally, CIBC Asset Management Inc grew its stake in Atlassian by 4.4% during the 3rd quarter. CIBC Asset Management Inc now owns 31,942 shares of the technology company’s stock worth $5,073,000 after buying an additional 1,358 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors.

Atlassian Stock Up 1.2 %

TEAM opened at $220.98 on Tuesday. The company has a fifty day moving average of $272.77 and a two-hundred day moving average of $235.08. The stock has a market capitalization of $57.90 billion, a price-to-earnings ratio of -164.91 and a beta of 0.91. Atlassian Co. has a fifty-two week low of $135.29 and a fifty-two week high of $326.00. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.24 and a current ratio of 1.24.

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

Analyst Upgrades and Downgrades

TEAM has been the subject of a number of research analyst reports. UBS Group increased their price target on Atlassian from $275.00 to $330.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Citigroup increased their price objective on shares of Atlassian from $255.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Scotiabank boosted their target price on shares of Atlassian from $250.00 to $330.00 and gave the stock a “sector perform” rating in a research report on Friday, January 31st. Macquarie upped their price target on shares of Atlassian from $290.00 to $317.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Finally, JMP Securities reiterated a “market perform” rating on shares of Atlassian in a research note on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $319.71.

Insider Transactions at Atlassian

In related news, CAO Gene Liu sold 568 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $312.08, for a total transaction of $177,261.44. Following the completion of the transaction, the chief accounting officer now owns 52,142 shares in the company, valued at $16,272,475.36. This represents a 1.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott Farquhar sold 7,948 shares of Atlassian stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $218.05, for a total value of $1,733,061.40. Following the completion of the sale, the director now owns 119,220 shares in the company, valued at approximately $25,995,921. The trade was a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 264,553 shares of company stock valued at $71,956,546 in the last three months. 38.55% of the stock is currently owned by company insiders.

Atlassian Company 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.