DekaBank Deutsche Girozentrale Has $3.14 Million Stake in Atlassian Co. (NASDAQ:TEAM)

DekaBank Deutsche Girozentrale grew its holdings in Atlassian Co. (NASDAQ:TEAMGet Rating) by 11.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,909 shares of the technology company’s stock after buying an additional 1,515 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Atlassian were worth $3,142,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Clear Street Markets LLC acquired a new stake in shares of Atlassian in the third quarter valued at approximately $76,000. PGGM Investments acquired a new stake in shares of Atlassian in the third quarter valued at approximately $1,211,000. Los Angeles Capital Management LLC lifted its position in shares of Atlassian by 0.6% in the third quarter. Los Angeles Capital Management LLC now owns 67,366 shares of the technology company’s stock valued at $14,187,000 after buying an additional 407 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Atlassian by 18.5% in the third quarter. Victory Capital Management Inc. now owns 51,177 shares of the technology company’s stock valued at $10,777,000 after buying an additional 8,005 shares during the last quarter. Finally, Tobam bought a new position in shares of Atlassian during the third quarter worth approximately $95,000. 45.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Atlassian

In other Atlassian news, CEO Michael Cannon-Brookes sold 8,614 shares of Atlassian stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $196.74, for a total transaction of $1,694,718.36. Following the transaction, the chief executive officer now directly owns 370,402 shares of the company’s stock, valued at approximately $72,872,889.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Atlassian news, CTO Rajeev Bashyam Rajan sold 442 shares of Atlassian stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $117.07, for a total transaction of $51,744.94. Following the transaction, the chief technology officer now directly owns 114,133 shares of the company’s stock, valued at approximately $13,361,550.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Cannon-Brookes sold 8,614 shares of Atlassian stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $196.74, for a total value of $1,694,718.36. Following the transaction, the chief executive officer now directly owns 370,402 shares in the company, valued at $72,872,889.48. The disclosure for this sale can be found here. Insiders have sold a total of 266,510 shares of company stock valued at $37,040,915 in the last 90 days. 43.11% of the stock is owned by corporate insiders.

Atlassian Stock Performance

NASDAQ TEAM opened at $157.75 on Monday. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.25 and a quick ratio of 1.25. Atlassian Co. has a twelve month low of $113.86 and a twelve month high of $352.92. The business’s fifty day moving average is $133.64 and its 200 day moving average is $189.59.

Atlassian (NASDAQ:TEAMGet Rating) last released its quarterly earnings data on Thursday, November 3rd. The technology company reported $0.36 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.46. Atlassian had a negative return on equity of 71.10% and a negative net margin of 7.60%. The company had revenue of $807.39 million for the quarter, compared to the consensus estimate of $806.42 million. During the same quarter last year, the business posted ($0.01) EPS. Atlassian’s revenue for the quarter was up 31.5% on a year-over-year basis. Equities analysts predict that Atlassian Co. will post -0.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TEAM has been the topic of a number of recent research reports. Citigroup lowered their target price on Atlassian from $375.00 to $210.00 and set a “buy” rating on the stock in a research note on Monday, November 7th. The Goldman Sachs Group lowered their target price on Atlassian from $300.00 to $265.00 and set a “buy” rating on the stock in a research note on Friday, November 4th. StockNews.com lowered Atlassian from a “hold” rating to a “sell” rating in a research note on Saturday, January 14th. Jefferies Financial Group increased their target price on Atlassian from $150.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Wells Fargo & Company lowered their price objective on Atlassian from $250.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, January 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $237.95.

Atlassian Company Profile

(Get Rating)

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its products include Jira Software and Jira Work Management, a workflow management system for teams to plan, track, collaborate, and manage work, and projects; Jira Service Management, a service desk product for creating and managing service experiences for various service team providers, including IT, legal, and HR teams; Jira Align for enterprise organizations to build and manage a master plan that maps strategic projects to the various work streams required to deliver them; and Opsgenie, an incident management tool that enables IT teams to plan for and respond to service disruptions.

Read More

Want to see what other hedge funds are holding TEAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atlassian Co. (NASDAQ:TEAMGet Rating).

Institutional Ownership by Quarter for Atlassian (NASDAQ:TEAM)

Receive News & Ratings for Atlassian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlassian and related companies with MarketBeat.com's FREE daily email newsletter.