Federated Hermes Inc. Trims Stake in Atlassian Corporation PLC $TEAM

Federated Hermes Inc. lowered its position in Atlassian Corporation PLC (NASDAQ:TEAM) by 96.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,558 shares of the technology company’s stock after selling 71,202 shares during the period. Federated Hermes Inc.’s holdings in Atlassian were worth $409,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in TEAM. Vanguard Group Inc. lifted its position in Atlassian by 2.6% during the second quarter. Vanguard Group Inc. now owns 17,430,078 shares of the technology company’s stock valued at $3,539,875,000 after buying an additional 436,541 shares during the period. Artisan Partners Limited Partnership increased its stake in shares of Atlassian by 66.3% in the 2nd quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock worth $787,610,000 after acquiring an additional 1,545,546 shares in the last quarter. Geode Capital Management LLC lifted its position in Atlassian by 1.9% during the 2nd quarter. Geode Capital Management LLC now owns 2,356,798 shares of the technology company’s stock valued at $476,800,000 after acquiring an additional 43,899 shares during the period. AQR Capital Management LLC boosted its stake in Atlassian by 12.7% during the second quarter. AQR Capital Management LLC now owns 1,933,851 shares of the technology company’s stock worth $392,282,000 after acquiring an additional 218,564 shares in the last quarter. Finally, Norges Bank purchased a new stake in Atlassian in the second quarter worth about $377,794,000. 94.45% of the stock is currently owned by institutional investors.

Atlassian Price Performance

Atlassian stock opened at $94.72 on Monday. Atlassian Corporation PLC has a 1 year low of $92.32 and a 1 year high of $326.00. The stock has a market cap of $24.92 billion, a price-to-earnings ratio of -131.55, a price-to-earnings-growth ratio of 14.67 and a beta of 0.88. The firm has a 50-day moving average of $144.50 and a two-hundred day moving average of $157.87. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26.

Atlassian (NASDAQ:TEAM) last posted its earnings results on Thursday, February 5th. The technology company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.10. Atlassian had a negative net margin of 3.29% and a negative return on equity of 6.60%. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the prior year, the company posted $0.96 earnings per share. Atlassian’s revenue for the quarter was up 23.3% compared to the same quarter last year. On average, research analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Atlassian News Roundup

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Q2 beat — Atlassian reported $1.22 EPS vs. $1.12 expected and revenue of $1.59B (vs. $1.54B est.), with revenue up ~23% y/y, a near-term fundamental positive for growth momentum. Atlassian Q2 Earnings Surpass Expectations
• Positive Sentiment: Management raised its fiscal 2026 revenue forecast, citing resilient enterprise spending and accelerating AI adoption — supports the company’s multi-quarter revenue outlook. Atlassian Raises Annual Revenue Forecast (Reuters)
• Positive Sentiment: Company targets 20%+ annual revenue growth through FY27 and cites record cloud revenue and AI integrations — a constructive strategic signal if execution continues. Seeking Alpha: Growth Target
• Positive Sentiment: Unusual options activity — a spike to ~14,021 calls purchased (≈51% above normal), which can indicate tactical bullish positioning by traders.
• Neutral Sentiment: Analysts trimmed price targets but kept favorable ratings (Morgan Stanley, Mizuho, BTIG among others) — reduces near-term implied upside but preserves buy/overweight bias. Benzinga: Analyst Target Changes
• Negative Sentiment: Insider selling — directors/co‑founders disclosed multiple recent sales (7,665 shares each), a visible negative for investor sentiment and a factor pressuring the stock. SEC Filing: Insider Sales
• Negative Sentiment: Cantor Fitzgerald and some other brokers cut price targets sharply (e.g., Cantor to $146), and sector-wide AI fears are amplifying downside pressure. Cantor Fitzgerald Target Cut
• Negative Sentiment: Market reaction: coverage notes shares dipped despite the beat as investors worry cloud growth may slow and AI competition/feature rollouts elsewhere increase volatility. Investing.com: Shares Dip

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TEAM. Zacks Research upgraded shares of Atlassian from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. KeyCorp decreased their price target on Atlassian from $210.00 to $170.00 and set an “overweight” rating for the company in a research note on Friday. Piper Sandler reaffirmed an “overweight” rating and set a $200.00 price target (down from $280.00) on shares of Atlassian in a report on Friday. Truist Financial set a $210.00 price objective on Atlassian in a report on Friday, October 31st. Finally, Cantor Fitzgerald lowered their target price on shares of Atlassian from $240.00 to $146.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. Twenty analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Atlassian currently has an average rating of “Moderate Buy” and an average target price of $191.32.

Insiders Place Their Bets

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $147.41, for a total transaction of $1,129,897.65. Following the sale, the director owned 222,285 shares in the company, valued at approximately $32,767,031.85. This represents a 3.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Anutthara Bharadwaj sold 9,847 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $152.46, for a total value of $1,501,273.62. Following the completion of the transaction, the president directly owned 242,092 shares in the company, valued at approximately $36,909,346.32. The trade was a 3.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 551,049 shares of company stock valued at $80,308,554. Insiders own 36.66% of the company’s stock.

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.