56,461 Atlassian Corporation PLC $TEAM Shares Bought by AEGON ASSET MANAGEMENT UK Plc

Key Points

• AEGON Asset Management UK increased its Atlassian stake by 240.3% in the third quarter, buying 56,461 shares to hold 79,961 shares valued at about $14.3 million.
• Atlassian beat quarterly estimates, with revenue up 23.7% year over year, but management’s outlook suggested slowing growth and contributed to a sharp post-earnings selloff.
• Analysts maintain a “Moderate Buy” consensus and an average price target of $209.48, although several firms recently lowered their targets.

AEGON ASSET MANAGEMENT UK Plc grew its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 240.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,961 shares of the technology company's stock after purchasing an additional 56,461 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc's holdings in Atlassian were worth $14,336,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Carmignac Gestion lifted its stake in shares of Atlassian by 115.8% in the first quarter. Carmignac Gestion now owns 2,603,770 shares of the technology company's stock worth $177,707,000 after buying an additional 1,397,402 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Atlassian by 48.4% in the first quarter. First Trust Advisors LP now owns 2,349,842 shares of the technology company's stock worth $160,377,000 after acquiring an additional 766,922 shares during the last quarter. KBC Group NV increased its position in Atlassian by 1,691.2% during the first quarter. KBC Group NV now owns 1,440,019 shares of the technology company's stock worth $98,281,000 after acquiring an additional 1,359,624 shares during the period. Swiss National Bank increased its position in Atlassian by 8.2% during the first quarter. Swiss National Bank now owns 493,267 shares of the technology company's stock worth $33,665,000 after acquiring an additional 37,500 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in Atlassian by 111.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 469,100 shares of the technology company's stock valued at $84,105,000 after purchasing an additional 247,540 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company's stock.

Insider Buying and Selling at Atlassian

In other news, CRO Brian Duffy sold 7,617 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $163.00, for a total transaction of $1,241,571.00. Following the sale, the executive owned 220,074 shares in the company, valued at approximately $35,872,062. This represents a 3.35% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Gene Liu sold 1,125 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $175.00, for a total value of $196,875.00. Following the sale, the chief accounting officer owned 56,807 shares in the company, valued at $9,941,225. The trade was a 1.94% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 22,475 shares of company stock worth $3,822,643. 37.63% of the stock is currently owned by insiders.

Atlassian News Roundup

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian beat fiscal Q1 2027 estimates for revenue, earnings and cloud growth. Citigroup and Barclays still rate the stock Buy and Overweight, respectively, despite lowering their targets to $220 and $210—both above the cited $154.90 share price. Atlassian Tanks After Huge Run as Guidance Disappoints, But Strength Remains
• Positive Sentiment: Truist reiterated its Buy rating, and another analyst raised its price target to $190, offering some counterweight to the broader set of target cuts. Truist Buy Rating Reiterated Price Target Raised to $190
• Neutral Sentiment: Technical commentary describes the stock as oversold, with a possible bounce facing heavy overhead supply—suggesting any recovery could encounter resistance. Oversold Bounce Test Meets Heavy Overhead Supply
• Negative Sentiment: Despite the earnings beat, management’s guidance implied slowing growth, triggering a sharp post-results selloff. Several analysts also reduced price targets, reflecting increased caution about the growth outlook. Guidance Disappointment and Analyst Revisions

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TEAM shares. Oppenheimer decreased their target price on Atlassian from $275.00 to $240.00 and set an "outperform" rating on the stock in a research report on Friday. Morgan Stanley boosted their price objective on Atlassian from $120.00 to $180.00 and gave the company an "overweight" rating in a research report on Friday, August 7th. BTIG Research cut their target price on Atlassian from $260.00 to $240.00 and set a "buy" rating for the company in a research note on Friday. Wall Street Zen raised Atlassian from a "hold" rating to a "buy" rating in a research report on Sunday, September 13th. Finally, Barclays reduced their target price on Atlassian from $222.00 to $210.00 and set an "overweight" rating for the company in a research report on Monday. Twenty-four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Atlassian presently has a consensus rating of "Moderate Buy" and a consensus target price of $209.48.

Atlassian Stock Performance

Shares of NASDAQ:TEAM opened at $154.90 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.78 and a quick ratio of 0.78. The business's fifty day moving average price is $195.34 and its two-hundred day moving average price is $119.74. Atlassian Corporation PLC has a fifty-two week low of $56.01 and a fifty-two week high of $229.96. The stock has a market capitalization of $39.21 billion, a price-to-earnings ratio of 189.88, a price-to-earnings-growth ratio of 20.25 and a beta of 1.16.

Atlassian (NASDAQ:TEAM - Get Free Report) last announced its earnings results on Thursday, November 5th. The technology company reported $1.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.26. Atlassian had a negative net margin of 0.82% and a positive return on equity of 20.99%. The business had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter last year, the company posted $1.04 EPS. The firm's revenue for the quarter was up 23.7% on a year-over-year basis. As a group, analysts predict that Atlassian Corporation PLC will post 0.66 EPS for the current fiscal year.

Atlassian Profile

Atlassian Corporation develops collaboration and productivity software for software, IT and business teams. Its products help organizations plan and track work, manage software development and support services, and share information across teams.

Its product portfolio includes Jira for project and issue tracking, Confluence for team documentation and collaboration, Jira Service Management for IT and other service teams, Trello for visual work management, and Bitbucket for code collaboration.

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