Atlassian Corporation PLC $TEAM Shares Bought by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. raised its position in Atlassian Corporation PLC (NASDAQ:TEAM) by 23.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,512 shares of the technology company’s stock after buying an additional 7,758 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Atlassian were worth $6,473,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of TEAM. Physician Wealth Advisors Inc. increased its holdings in shares of Atlassian by 60.4% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock valued at $26,000 after acquiring an additional 61 shares during the period. Snowden Capital Advisors LLC boosted its stake in Atlassian by 1.6% during the 2nd quarter. Snowden Capital Advisors LLC now owns 4,464 shares of the technology company’s stock worth $907,000 after purchasing an additional 71 shares during the period. Cetera Investment Advisers grew its position in Atlassian by 0.3% during the 2nd quarter. Cetera Investment Advisers now owns 24,808 shares of the technology company’s stock worth $5,038,000 after purchasing an additional 79 shares during the last quarter. ABN Amro Investment Solutions increased its stake in Atlassian by 3.4% in the third quarter. ABN Amro Investment Solutions now owns 2,452 shares of the technology company’s stock valued at $392,000 after purchasing an additional 80 shares during the period. Finally, Allegiance Financial Group Advisory Services LLC increased its stake in Atlassian by 6.6% in the third quarter. Allegiance Financial Group Advisory Services LLC now owns 1,307 shares of the technology company’s stock valued at $209,000 after purchasing an additional 81 shares during the period. 94.45% of the stock is owned by institutional investors and hedge funds.

Atlassian Trading Up 1.3%

Shares of Atlassian stock opened at $76.17 on Tuesday. The firm has a market cap of $20.09 billion, a price-to-earnings ratio of -105.79 and a beta of 0.94. Atlassian Corporation PLC has a 52-week low of $67.85 and a 52-week high of $242.00. The company’s 50-day simple moving average is $102.63 and its 200-day simple moving average is $140.03. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.62.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings data 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 6.33%. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the firm earned $0.96 earnings per share. The firm’s revenue was up 23.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction on Monday, December 29th. The stock was sold at an average price of $163.66, for a total transaction of $1,254,453.90. Following the transaction, the director owned 7,665 shares of the company’s stock, valued at $1,254,453.90. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $162.68, for a total value of $1,246,942.20. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 327,943 shares of company stock valued at $45,665,135. Company insiders own 36.66% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. UBS Group reiterated a “neutral” rating and set a $105.00 target price on shares of Atlassian in a research note on Friday, February 6th. Citigroup dropped their price target on Atlassian from $210.00 to $160.00 and set a “buy” rating on the stock in a research report on Monday, February 9th. Barclays reduced their price objective on Atlassian from $215.00 to $165.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Jefferies Financial Group set a $150.00 price objective on Atlassian in a research report on Friday, February 6th. Finally, TD Cowen dropped their target price on Atlassian from $205.00 to $175.00 and set a “hold” rating on the stock in a report on Tuesday, January 20th. Twenty-two research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Atlassian currently has an average rating of “Moderate Buy” and a consensus target price of $181.78.

Atlassian 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.