Artisan Partners Limited Partnership Grows Holdings in Atlassian Corporation PLC $TEAM

Artisan Partners Limited Partnership lifted its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 66.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,878,133 shares of the technology company’s stock after purchasing an additional 1,545,546 shares during the quarter. Atlassian comprises about 1.2% of Artisan Partners Limited Partnership’s investment portfolio, making the stock its 24th biggest position. Artisan Partners Limited Partnership owned about 1.48% of Atlassian worth $787,610,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of TEAM. Nuveen LLC purchased a new stake in Atlassian during the first quarter valued at about $327,665,000. AQR Capital Management LLC lifted its holdings in shares of Atlassian by 145.6% during the 1st quarter. AQR Capital Management LLC now owns 1,715,287 shares of the technology company’s stock valued at $354,858,000 after acquiring an additional 1,016,902 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Atlassian by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 16,993,537 shares of the technology company’s stock valued at $3,606,198,000 after acquiring an additional 580,583 shares in the last quarter. Baillie Gifford & Co. boosted its position in Atlassian by 7.1% during the 1st quarter. Baillie Gifford & Co. now owns 8,694,755 shares of the technology company’s stock worth $1,845,114,000 after purchasing an additional 573,696 shares during the period. Finally, Nordea Investment Management AB lifted its position in Atlassian by 1,169.0% during the 2nd quarter. Nordea Investment Management AB now owns 600,149 shares of the technology company’s stock worth $121,998,000 after acquiring an additional 552,856 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Atlassian Price Performance

NASDAQ TEAM opened at $148.75 on Wednesday. Atlassian Corporation PLC has a 1 year low of $144.32 and a 1 year high of $326.00. The business’s fifty day moving average is $160.32 and its two-hundred day moving average is $182.84. The stock has a market capitalization of $39.14 billion, a P/E ratio of -209.50, a P/E/G ratio of 34.63 and a beta of 0.95. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26.

Atlassian (NASDAQ:TEAM) last issued its earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the firm posted $0.77 EPS. The company’s quarterly revenue was up 20.6% on a year-over-year basis. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, research analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TEAM shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $260.00 target price on shares of Atlassian in a research report on Friday, October 31st. BMO Capital Markets upped their price target on Atlassian from $190.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. TD Cowen cut their target price on shares of Atlassian from $220.00 to $205.00 and set a “hold” rating on the stock in a report on Monday, October 27th. Stephens decreased their target price on Atlassian from $221.00 to $202.00 and set an “equal weight” rating for the company in a research note on Monday, August 11th. Finally, Mizuho increased their price target on Atlassian from $235.00 to $245.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $240.00.

Insider Transactions at Atlassian

In other news, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $171.13, for a total transaction of $1,311,711.45. Following the sale, the chief executive officer owned 168,630 shares in the company, valued at $28,857,651.90. The trade was a 4.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $171.13, for a total value of $1,311,711.45. Following the transaction, the director directly owned 168,630 shares in the company, valued at $28,857,651.90. The trade was a 4.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have bought 4,497 shares of company stock valued at $742,375 and have sold 574,422 shares valued at $93,484,396. 36.66% of the stock is currently owned by 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.