Caisse DE Depot ET Placement DU Quebec Purchases 2,253 Shares of Atlassian Co. (NASDAQ:TEAM)

Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Atlassian Co. (NASDAQ:TEAM - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,449 shares of the technology company's stock after buying an additional 2,253 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Atlassian were worth $8,628,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Virtu Financial LLC bought a new position in shares of Atlassian in the third quarter worth approximately $606,000. Fulton Bank N.A. bought a new stake in Atlassian in the 4th quarter worth $447,000. Allworth Financial LP increased its position in shares of Atlassian by 3.1% in the fourth quarter. Allworth Financial LP now owns 1,548 shares of the technology company's stock valued at $404,000 after acquiring an additional 47 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Atlassian by 20.1% during the fourth quarter. Nordea Investment Management AB now owns 30,442 shares of the technology company's stock worth $7,458,000 after purchasing an additional 5,088 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Atlassian by 61.4% in the third quarter. Principal Financial Group Inc. now owns 10,770 shares of the technology company's stock worth $1,710,000 after purchasing an additional 4,099 shares during the last quarter. Institutional investors own 94.45% of the company's stock.

Atlassian Price Performance

TEAM stock traded down $2.18 during trading on Wednesday, reaching $205.71. The company's stock had a trading volume of 2,203,106 shares, compared to its average volume of 2,076,050. The company's fifty day moving average is $219.57 and its 200-day moving average is $245.69. Atlassian Co. has a 1 year low of $135.29 and a 1 year high of $326.00. The company has a market capitalization of $53.90 billion, a P/E ratio of -153.51 and a beta of 1.06. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.81.

Atlassian (NASDAQ:TEAM - Get Free Report) last issued its earnings results on Thursday, May 1st. The technology company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.04. Atlassian had a negative return on equity of 17.37% and a negative net margin of 7.22%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the company earned $0.89 EPS. The firm's quarterly revenue was up 14.1% on a year-over-year basis. On average, research analysts expect that Atlassian Co. will post -0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TEAM has been the subject of several research analyst reports. William Blair restated an "outperform" rating on shares of Atlassian in a report on Friday, January 31st. Scotiabank raised their price objective on Atlassian from $250.00 to $330.00 and gave the company a "sector perform" rating in a research report on Friday, January 31st. Macquarie reduced their target price on shares of Atlassian from $270.00 to $250.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. KeyCorp lowered their price target on shares of Atlassian from $365.00 to $275.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Finally, UBS Group decreased their target price on shares of Atlassian from $230.00 to $215.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Five equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $285.29.

Insider Transactions at Atlassian

In related news, President Anutthara Bharadwaj sold 1,520 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $312.58, for a total value of $475,121.60. Following the completion of the transaction, the president now owns 201,657 shares of the company's stock, valued at approximately $63,033,945.06. This trade represents a 0.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Scott Farquhar sold 7,948 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $315.69, for a total value of $2,509,104.12. Following the completion of the sale, the director now directly owns 278,180 shares of the company's stock, valued at $87,818,644.20. The trade was a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 260,734 shares of company stock valued at $62,944,544. 38.55% of the stock is currently owned by insiders.

Atlassian 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.