Allianz Asset Management GmbH Has $3.42 Million Stock Holdings in Atlassian Corporation PLC $TEAM

Allianz Asset Management GmbH lowered its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 79.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,386 shares of the technology company’s stock after selling 80,808 shares during the period. Allianz Asset Management GmbH’s holdings in Atlassian were worth $3,415,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TEAM. NewEdge Advisors LLC increased its stake in shares of Atlassian by 71.6% in the 1st quarter. NewEdge Advisors LLC now owns 5,432 shares of the technology company’s stock valued at $1,153,000 after acquiring an additional 2,267 shares in the last quarter. Empowered Funds LLC grew its holdings in Atlassian by 39.5% in the first quarter. Empowered Funds LLC now owns 4,689 shares of the technology company’s stock worth $995,000 after purchasing an additional 1,328 shares during the period. Focus Partners Wealth increased its stake in Atlassian by 32.6% in the first quarter. Focus Partners Wealth now owns 4,122 shares of the technology company’s stock valued at $875,000 after purchasing an additional 1,014 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Atlassian by 447.2% during the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock valued at $42,000 after purchasing an additional 161 shares during the period. Finally, Sivia Capital Partners LLC boosted its position in shares of Atlassian by 27.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,873 shares of the technology company’s stock worth $380,000 after purchasing an additional 404 shares in the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Barron’s highlights that heavy short interest across software names could spark a near-term short squeeze, which would be a positive catalyst for TEAM if shorts cover. Software Stocks Look Primed for a Short Squeeze
• Positive Sentiment: Strategists told Reuters that AI‑driven sell‑offs have created buying opportunities in higher‑quality software stocks — a narrative that could support a rebound in TEAM. AI disruption fears create buying chance in US software stocks, strategists say
• Positive Sentiment: Market sentiment has shown signs of stabilizing (Nasdaq rebound / Fear & Greed index moving to neutral), which could help software names, including TEAM, recover if momentum continues. Nasdaq Jumps Over 200 Points As Software Stocks Rebound
• Positive Sentiment: High‑profile bullish commentary (Jim Cramer calling TEAM “absurdly cheap” unless the business collapses) may attract value buyers. Jim Cramer on Atlassian Corporation
• Neutral Sentiment: Atlassian signed a marketing/brand partnership with Estrella Galicia 0,0 via the Williams F1 team — positive PR but unlikely to move fundamentals materially. Atlassian Williams F1 Team partnership
• Neutral Sentiment: Some short‑interest data in feeds show anomalies (entries reporting 0 shares), so treat those automated snapshots with caution when assessing current short positioning.
• Negative Sentiment: Bernstein trimmed its price target on TEAM to $290, which is a negative analyst signal and likely weighing on investor sentiment today. Bernstein trims target price on Atlassian (TEAM) to $290
• Negative Sentiment: Reports of insider selling have coincided with the pullback, a short‑term negative signal for confidence and a likely contributor to downward pressure. Atlassian Trading Down Following Insider Selling
• Negative Sentiment: Short interest rose to ~9.5M shares (about 5.7% of shares) as of Jan. 30, increasing volatility risk and making the stock more susceptible to directional swings. (Data snapshot provided in filings/feeds.)
• Negative Sentiment: Ongoing sector fears that AI could disrupt software businesses keep downward pressure on the group and on TEAM until clarity on adoption/monetization emerges. Software Bear Market: 1 SaaS Stock To Buy Now, 1 To Avoid

Atlassian Price Performance

TEAM opened at $86.97 on Thursday. Atlassian Corporation PLC has a 1 year low of $85.04 and a 1 year high of $320.88. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.89 and a quick ratio of 1.26. The company has a market capitalization of $22.88 billion, a price-to-earnings ratio of -120.79, a P/E/G ratio of 77.56 and a beta of 0.88. The firm’s fifty day moving average price is $140.68 and its two-hundred day moving average price is $155.84.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings results on Thursday, February 5th. The technology company reported $1.22 earnings per share 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 company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period last year, the firm earned $0.96 earnings per share. The firm’s revenue was up 23.3% on a year-over-year basis. As a group, analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Insider Activity

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $147.63, for a total value of $1,131,583.95. Following the transaction, the chief executive officer owned 206,955 shares of the company’s stock, valued at approximately $30,552,766.65. The trade was a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $147.41, for a total value of $1,129,897.65. Following the sale, the director directly owned 222,285 shares of the company’s stock, valued at approximately $32,767,031.85. This represents a 3.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 535,719 shares of company stock valued at $77,951,260 over the last three months. Corporate insiders own 36.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TEAM. Morgan Stanley decreased their target price on Atlassian from $320.00 to $290.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. KeyCorp decreased their price objective on Atlassian from $210.00 to $170.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Canaccord Genuity Group set a $185.00 target price on Atlassian in a report on Friday, February 6th. Guggenheim reduced their price target on shares of Atlassian from $225.00 to $190.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Finally, Zacks Research upgraded shares of Atlassian from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. Twenty analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Atlassian has an average rating of “Moderate Buy” and an average price target of $189.32.

About Atlassian

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.