Intech Investment Management LLC Decreases Holdings in Atlassian Corporation PLC $TEAM

Intech Investment Management LLC decreased its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 2.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,797 shares of the technology company’s stock after selling 308 shares during the quarter. Intech Investment Management LLC’s holdings in Atlassian were worth $2,291,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Clean Yield Group boosted its holdings in Atlassian by 372.0% during the first quarter. Clean Yield Group now owns 118 shares of the technology company’s stock worth $25,000 after buying an additional 93 shares in the last quarter. Smithfield Trust Co lifted its holdings in Atlassian by 90.7% during the first quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock valued at $34,000 after purchasing an additional 78 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Atlassian by 82.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 243 shares of the technology company’s stock valued at $52,000 after purchasing an additional 110 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in Atlassian by 25.9% during the first quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company’s stock valued at $57,000 after purchasing an additional 55 shares in the last quarter. Finally, State of Wyoming lifted its stake in shares of Atlassian by 20.3% in the first quarter. State of Wyoming now owns 278 shares of the technology company’s stock worth $59,000 after buying an additional 47 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TEAM. Oppenheimer dropped their price target on Atlassian from $300.00 to $275.00 and set an “outperform” rating for the company in a research report on Monday, July 21st. KeyCorp dropped their price target on shares of Atlassian from $275.00 to $250.00 and set an “overweight” rating for the company in a research report on Thursday, July 17th. Capital One Financial cut shares of Atlassian from an “overweight” rating to an “equal weight” rating and set a $211.00 price target for the company. in a research report on Wednesday, July 16th. Guggenheim began coverage on shares of Atlassian in a report on Thursday, September 11th. They issued a “buy” rating and a $225.00 price objective for the company. Finally, Truist Financial set a $230.00 price target on shares of Atlassian in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $255.45.

Atlassian Stock Performance

NASDAQ:TEAM opened at $173.87 on Tuesday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.73. Atlassian Corporation PLC has a fifty-two week low of $154.07 and a fifty-two week high of $326.00. The stock has a market cap of $45.61 billion, a PE ratio of -175.62 and a beta of 0.95. The firm’s fifty day simple moving average is $181.52 and its 200-day simple moving average is $202.28.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings data on Thursday, August 7th. The technology company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the firm earned $0.66 EPS. The business’s revenue for the quarter was up 22.3% compared to the same quarter last year. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Scott Farquhar sold 7,665 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $175.76, for a total value of $1,347,200.40. Following the sale, the director directly owned 99,645 shares in the company, valued at $17,513,605.20. The trade was a 7.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $175.76, for a total transaction of $1,347,200.40. Following the completion of the sale, the chief executive officer owned 99,645 shares in the company, valued at $17,513,605.20. This represents a 7.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 520,948 shares of company stock worth $97,536,133 over the last quarter. Insiders own 38.55% of the company’s stock.

Atlassian 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.