Atlassian Corporation PLC $TEAM Shares Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH lifted its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 28.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 102,194 shares of the technology company's stock after purchasing an additional 22,701 shares during the quarter. Allianz Asset Management GmbH's holdings in Atlassian were worth $20,755,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Atlassian by 3.5% during the first quarter. Vanguard Group Inc. now owns 16,993,537 shares of the technology company's stock worth $3,606,198,000 after purchasing an additional 580,583 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in shares of Atlassian by 7.1% during the first quarter. Baillie Gifford & Co. now owns 8,694,755 shares of the technology company's stock worth $1,845,114,000 after purchasing an additional 573,696 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Atlassian by 21.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,440,813 shares of the technology company's stock worth $730,175,000 after purchasing an additional 616,071 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Atlassian by 24.1% during the first quarter. Voya Investment Management LLC now owns 2,695,889 shares of the technology company's stock worth $571,894,000 after purchasing an additional 523,035 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in Atlassian by 6.7% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,972,130 shares of the technology company's stock valued at $418,506,000 after acquiring an additional 124,432 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company's stock.

Insider Transactions at Atlassian

In other news, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $151.83, for a total transaction of $1,163,776.95. Following the sale, the chief executive officer directly owned 398,580 shares of the company's stock, valued at approximately $60,516,401.40. The trade was a 1.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $151.83, for a total value of $1,163,776.95. Following the sale, the director directly owned 398,580 shares in the company, valued at approximately $60,516,401.40. The trade was a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 536,278 shares of company stock worth $91,583,034. Corporate insiders own 36.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Barclays reduced their target price on Atlassian from $244.00 to $215.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Zacks Research cut Atlassian from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 7th. Raymond James Financial reduced their target price on Atlassian from $300.00 to $250.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. KeyCorp reduced their target price on Atlassian from $275.00 to $250.00 and set an "overweight" rating on the stock in a report on Thursday, July 17th. Finally, Cantor Fitzgerald reduced their target price on Atlassian from $256.00 to $240.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $248.74.

Atlassian Trading Up 1.2%

NASDAQ:TEAM opened at $151.95 on Monday. The business's 50-day moving average is $164.28 and its two-hundred day moving average is $190.15. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.22. Atlassian Corporation PLC has a 12 month low of $144.32 and a 12 month high of $326.00. The firm has a market capitalization of $39.86 billion, a PE ratio of -153.48 and a beta of 0.92.

Atlassian (NASDAQ:TEAM - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The technology company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the company posted $0.66 earnings per share. The firm's revenue was up 22.3% compared to the same quarter last year. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Research analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

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.

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