Atlassian Corporation PLC $TEAM Shares Bought by Nissay Asset Management Corp Japan ADV

Key Points

• Nissay Asset Management Corp Japan ADV increased its stake in Atlassian by 11.5%, acquiring an additional 4,068 shares, bringing their total holdings to 39,578 shares valued at approximately $8.4 million.
• Atlassian's most recent earnings report showed a 22.3% increase in quarterly revenue year-on-year, with earnings per share of $0.98, surpassing analyst expectations by $0.15.
• Despite a strong performance, several analysts downgraded their price targets for Atlassian, with Oppenheimer lowering its target from $300 to $275 and Barclays from $244 to $215.

Nissay Asset Management Corp Japan ADV raised its stake in Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 11.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,578 shares of the technology company's stock after acquiring an additional 4,068 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Atlassian were worth $8,399,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TEAM. Nuveen LLC purchased a new stake in shares of Atlassian in the first quarter valued at $327,665,000. AQR Capital Management LLC grew its position in shares of Atlassian by 145.6% in the first quarter. AQR Capital Management LLC now owns 1,715,287 shares of the technology company's stock valued at $354,858,000 after purchasing an additional 1,016,902 shares during the period. Whale Rock Capital Management LLC purchased a new stake in shares of Atlassian in the fourth quarter valued at $170,943,000. Massachusetts Financial Services Co. MA grew its position in shares of Atlassian by 21.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,440,813 shares of the technology company's stock valued at $730,175,000 after purchasing an additional 616,071 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Atlassian by 3.5% in the first quarter. Vanguard Group Inc. now owns 16,993,537 shares of the technology company's stock valued at $3,606,198,000 after purchasing an additional 580,583 shares during the period. Hedge funds and other institutional investors own 94.45% of the company's stock.

Atlassian Stock Up 2.6%

NASDAQ TEAM opened at $172.43 on Friday. The stock has a market cap of $45.23 billion, a PE ratio of -174.17 and a beta of 0.95. Atlassian Corporation PLC has a fifty-two week low of $154.07 and a fifty-two week high of $326.00. The business has a 50 day moving average price of $185.63 and a two-hundred day moving average price of $207.47. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.73.

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

Insiders Place Their Bets

In related news, Director Scott Farquhar sold 7,665 shares of the business's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $192.44, for a total value of $1,475,052.60. Following the transaction, the director owned 45,990 shares in the company, valued at approximately $8,850,315.60. The trade was a 14.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Anutthara Bharadwaj sold 7,728 shares of the business's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $163.43, for a total value of $1,262,987.04. Following the completion of the transaction, the president owned 182,801 shares in the company, valued at approximately $29,875,167.43. This trade represents a 4.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 520,948 shares of company stock worth $99,011,032 in the last 90 days. 38.55% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Oppenheimer lowered their price objective on Atlassian from $300.00 to $275.00 and set an "outperform" rating for the company in a research report on Monday, July 21st. Mizuho lowered their price objective on Atlassian from $265.00 to $235.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Barclays lowered their price target on Atlassian from $244.00 to $215.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Citigroup lowered their price target on Atlassian from $300.00 to $240.00 and set a "buy" rating for the company in a research report on Monday, August 18th. Finally, Zacks Research raised Atlassian from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $256.90.

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.

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