Bamco Inc. NY Trims Stock Position in Atlassian Corporation PLC $TEAM

Bamco Inc. NY lessened its stake in Atlassian Corporation PLC (NASDAQ:TEAM) by 8.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,254 shares of the technology company’s stock after selling 16,516 shares during the period. Bamco Inc. NY owned 0.07% of Atlassian worth $27,988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. DNB Asset Management AS increased its position in shares of Atlassian by 266.6% during the third quarter. DNB Asset Management AS now owns 2,806,888 shares of the technology company’s stock worth $448,260,000 after purchasing an additional 2,041,210 shares in the last quarter. Norges Bank acquired a new stake in shares of Atlassian in the 2nd quarter valued at about $377,794,000. Artisan Partners Limited Partnership boosted its position 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 valued at $787,610,000 after purchasing an additional 1,545,546 shares during the period. Vanguard Group Inc. grew its stake in Atlassian by 6.0% during the 3rd quarter. Vanguard Group Inc. now owns 18,479,561 shares of the technology company’s stock worth $2,951,186,000 after buying an additional 1,049,483 shares during the last quarter. Finally, Swedbank AB grew its stake in Atlassian by 139.6% during the 3rd quarter. Swedbank AB now owns 1,372,976 shares of the technology company’s stock worth $219,264,000 after buying an additional 800,000 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Atlassian Trading Up 2.5%

Shares of TEAM stock opened at $75.21 on Monday. The company has a market capitalization of $19.84 billion, a P/E ratio of -104.46 and a beta of 0.94. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $104.18 and its two-hundred day moving average is $140.74. Atlassian Corporation PLC has a twelve month low of $67.85 and a twelve month high of $242.00.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings results on Thursday, February 5th. The technology company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.12 by $0.10. Atlassian had a negative return on equity of 6.33% and a negative net margin of 3.29%.The business 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 business earned $0.96 earnings per share. The company’s quarterly revenue was up 23.3% compared to the same quarter last year. Equities analysts forecast that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Atlassian News Roundup

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Workforce cut framed as a productivity and margin play — several outlets reported the market initially viewed the ~1,600-job reduction as a disciplined step to reallocate resources toward higher-return AI and enterprise sales initiatives, which can support faster path to profitability. Atlassian shares rise after workforce reduction announcement
• Positive Sentiment: Analyst stance not uniformly bearish — the Street consensus remains constructive (a “Moderate Buy” in recent coverage) and Mizuho retains an outperform view despite lowering its price target to $185, signaling some analysts see material upside if the AI/enterprise pivot delivers. Atlassian Receives Consensus Recommendation of “Moderate Buy” Mizuho PT lowered to $185
• Neutral Sentiment: Short-interest reporting in recent data is unreliable/zero and doesn’t provide a meaningful signal for current positioning (tells us little about forced selling risk). (Data entry)
• Negative Sentiment: Significant one-time charges and leadership change — Atlassian disclosed an estimated $225M–$236M in restructuring charges and said longtime CTO Rajeev Rajan is stepping down; those details amplified downside as investors priced the near-term hit to earnings and execution risk around the AI pivot. Atlassian (TEAM) Is Down 11.1% After Restructuring To Fund AI And Enterprise Sales Pivot
• Negative Sentiment: Layoffs concentrated in R&D raise execution and product-cycle questions — reports note >900 R&D roles affected, which could slow product development even as the company shifts priorities; this feeds short-term uncertainty about roadmap delivery. Atlassian to reduce headcount by 10% as it restructures around AI
• Negative Sentiment: Reputational/strategic risk: critics warn of “AI-washing” — coverage and commentary question whether layoffs are genuine productivity moves or cosmetic AI repositioning, which can weigh on investor confidence if the strategy lacks clear near-term revenue pathways. Atlassian Layoffs Reignite Conversations Around The Rise Of AI Washing in 2026
• Negative Sentiment: Valuation and sentiment already under pressure — bearish price forecasts and a steep YTD/1‑yr decline have left the stock vulnerable to downside momentum if execution doubts persist. Atlassian Price Prediction: Down 66%, TEAM Could Hit $185 Next

Insiders Place Their Bets

In other news, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction on Monday, December 29th. The shares were sold at an average price of $163.66, for a total value of $1,254,453.90. Following the completion of the sale, the director owned 7,665 shares in the company, valued at approximately $1,254,453.90. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $162.68, for a total transaction of $1,246,942.20. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 327,943 shares of company stock valued at $45,665,135. 36.66% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TEAM has been the subject of a number of research reports. Oppenheimer reduced their price objective on Atlassian from $275.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Barclays lowered their target price on shares of Atlassian from $215.00 to $165.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Canaccord Genuity Group set a $185.00 target price on shares of Atlassian in a report on Friday, February 6th. Wolfe Research reiterated an “outperform” rating and issued a $100.00 price target on shares of Atlassian in a research report on Thursday. Finally, Guggenheim lowered their price objective on shares of Atlassian from $225.00 to $190.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Twenty-one equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $185.12.

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.