Universal Beteiligungs und Servicegesellschaft mbH Invests $25.28 Million in Atlassian Co. (NASDAQ:TEAM)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Atlassian Co. (NASDAQ:TEAM - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 103,867 shares of the technology company's stock, valued at approximately $25,279,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its holdings in shares of Atlassian by 72.9% in the fourth quarter. JPMorgan Chase & Co. now owns 4,284,400 shares of the technology company's stock valued at $1,042,737,000 after purchasing an additional 1,806,042 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in Atlassian in the 4th quarter valued at approximately $687,486,000. Invesco Ltd. lifted its stake in Atlassian by 265.9% in the 4th quarter. Invesco Ltd. now owns 2,445,440 shares of the technology company's stock valued at $595,171,000 after acquiring an additional 1,777,179 shares in the last quarter. Geode Capital Management LLC boosted its position in Atlassian by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 2,177,813 shares of the technology company's stock worth $528,851,000 after acquiring an additional 27,899 shares during the last quarter. Finally, Voya Investment Management LLC boosted its position in Atlassian by 17,941.0% during the 4th quarter. Voya Investment Management LLC now owns 2,172,854 shares of the technology company's stock worth $528,693,000 after acquiring an additional 2,160,810 shares during the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. BMO Capital Markets cut their price objective on shares of Atlassian from $295.00 to $245.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Raymond James reissued an "outperform" rating and set a $300.00 price target (down from $330.00) on shares of Atlassian in a research report on Friday, May 2nd. Mizuho increased their price objective on shares of Atlassian from $285.00 to $355.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. William Blair reaffirmed an "outperform" rating on shares of Atlassian in a research report on Friday, January 31st. Finally, Wall Street Zen raised Atlassian from a "hold" rating to a "buy" rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $285.29.

Atlassian Stock Performance

NASDAQ:TEAM traded up $2.38 on Friday, hitting $206.31. The company's stock had a trading volume of 3,481,076 shares, compared to its average volume of 2,099,592. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.81. The stock has a fifty day moving average of $211.17 and a two-hundred day moving average of $246.12. The firm has a market capitalization of $54.16 billion, a P/E ratio of -153.96 and a beta of 1.06. Atlassian Co. has a one year low of $135.29 and a one year high of $326.00.

Atlassian (NASDAQ:TEAM - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.35 billion. Atlassian had a negative return on equity of 17.37% and a negative net margin of 7.22%. The business's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.89 earnings per share. Research analysts predict that Atlassian Co. will post -0.34 earnings per share for the current year.

Insider Buying and Selling at Atlassian

In other news, President Anutthara Bharadwaj sold 7,674 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $225.51, for a total transaction of $1,730,563.74. Following the transaction, the president now owns 192,260 shares in the company, valued at approximately $43,356,552.60. This trade represents a 3.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scott Farquhar sold 7,948 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $218.05, for a total value of $1,733,061.40. Following the transaction, the director now owns 119,220 shares in the company, valued at approximately $25,995,921. This trade represents a 6.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 310,899 shares of company stock worth $66,859,457 over the last 90 days. Company insiders own 38.55% of the company's stock.

Atlassian Company 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.