48,309 Shares in Atlassian Corporation PLC $TEAM Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in Atlassian Corporation PLC (NASDAQ:TEAM) in the second quarter, HoldingsChannel.com reports. The fund purchased 48,309 shares of the technology company’s stock, valued at approximately $3,758,000.

Several other institutional investors and hedge funds have also bought and sold shares of TEAM. Snowden Capital Advisors LLC grew its stake in Atlassian by 1.6% during the second quarter. Snowden Capital Advisors LLC now owns 4,464 shares of the technology company’s stock worth $907,000 after buying an additional 71 shares in the last quarter. New York Life Investment Management LLC lifted its holdings in shares of Atlassian by 6.7% during the 4th quarter. New York Life Investment Management LLC now owns 2,199 shares of the technology company’s stock worth $357,000 after acquiring an additional 139 shares during the period. ICICI Prudential Asset Management Co Ltd boosted its position in shares of Atlassian by 5.6% during the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 2,696 shares of the technology company’s stock worth $437,000 after acquiring an additional 143 shares in the last quarter. Lido Advisors LLC boosted its position in shares of Atlassian by 5.1% during the 4th quarter. Lido Advisors LLC now owns 3,070 shares of the technology company’s stock worth $492,000 after acquiring an additional 149 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its stake in Atlassian by 10.7% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,588 shares of the technology company’s stock valued at $257,000 after acquiring an additional 153 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

Analyst Ratings Changes

TEAM has been the subject of several recent analyst reports. BMO Capital Markets upped their target price on Atlassian from $95.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. UBS Group lifted their price target on Atlassian from $95.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Oppenheimer upped their price objective on Atlassian from $110.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Citigroup raised their price objective on Atlassian from $170.00 to $225.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Zacks Research cut Atlassian from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Twenty-five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $183.81.

Insider Buying and Selling

In other news, CRO Brian Duffy sold 1,851 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $172.45, for a total transaction of $319,204.95. Following the completion of the transaction, the executive owned 218,223 shares of the company’s stock, valued at approximately $37,632,556.35. This trade represents a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO James Chuong sold 9,054 shares of Atlassian stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $172.45, for a total transaction of $1,561,362.30. Following the transaction, the chief financial officer owned 279,218 shares in the company, valued at approximately $48,151,144.10. This trade represents a 3.14% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 31,288 shares of company stock worth $4,597,259 in the last ninety days. Company insiders own 36.66% of the company’s stock.

Key Stories Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: BTIG raised its price target to $230 from $180 and upgraded Atlassian to “Buy,” implying further upside from the recent trading level. The revision reflects increased analyst confidence in the company’s growth outlook. BTIG price target update
• Positive Sentiment: Atlassian’s shares have gained substantially over the past three months, supported by strong AI adoption and cloud expansion. The rally indicates that investors are assigning greater value to the company’s long-term growth opportunities. Atlassian stock surge analysis
• Positive Sentiment: Atlassian Williams F1 Team renewed and expanded its global partnership with Komatsu beyond 2026. The agreement supports engineering collaboration, knowledge exchange and talent development, although its direct financial impact on Atlassian is likely limited. Komatsu and Atlassian Williams F1 Team partnership
• Positive Sentiment: Bank of America reportedly forecast strong price appreciation for Atlassian, adding to the favorable analyst backdrop around the stock. Bank of America Atlassian forecast
• Neutral Sentiment: Trading was volatile: software shares initially faced pressure when Treasury yields and crude oil prices rose, reviving inflation and interest-rate concerns, before gaining momentum as yields pulled back and Snowflake’s results supported the broader software sector. Software stocks trade higher
• Negative Sentiment: Analysts caution that Atlassian’s premium valuation and rising costs associated with AI investment could limit near-term gains or pressure profitability, despite the company’s strong recent performance. Atlassian valuation and AI cost analysis

Atlassian Price Performance

Shares of TEAM opened at $194.68 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.93. The stock has a market cap of $49.40 billion, a PE ratio of -1,024.63, a PEG ratio of 14.65 and a beta of 1.15. Atlassian Corporation PLC has a 12-month low of $56.01 and a 12-month high of $198.60. The business has a 50-day simple moving average of $123.80 and a two-hundred day simple moving average of $94.95.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Friday, August 7th. The technology company reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.37. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.66 billion. Atlassian had a positive return on equity of 20.99% and a negative net margin of 0.82%.The business’s revenue for the quarter was up 27.6% on a year-over-year basis. During the same period last year, the firm posted $0.98 earnings per share. Analysts anticipate that Atlassian Corporation PLC will post 0.94 earnings per share for the current fiscal year.

Atlassian Company Profile

Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.

Atlassian’s product portfolio centers on tools designed to help teams plan, build and support software and business processes.