Atlassian Corporation PLC $TEAM Shares Purchased by Nordea Investment Management AB

Key Points

• Nordea Investment Management AB significantly increased its stake in Atlassian Corporation PLC by 1,169.0%, owning 600,149 shares valued at approximately $121.99 million after purchasing an additional 552,856 shares.
• Analysts have adjusted their price targets for Atlassian shares, with BMO Capital Markets lowering it to $200.00, while the average consensus rating remains at a "Moderate Buy."
• Atlassian reported strong quarterly earnings with $0.98 EPS, surpassing estimates and contributing to a 22.3% year-over-year revenue increase to $1.38 billion.

Nordea Investment Management AB boosted its stake in Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 1,169.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 600,149 shares of the technology company's stock after purchasing an additional 552,856 shares during the period. Nordea Investment Management AB owned about 0.23% of Atlassian worth $121,998,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TEAM. Nuveen LLC acquired a new stake in Atlassian in the 1st quarter valued at approximately $327,665,000. AQR Capital Management LLC increased its holdings in Atlassian by 145.6% in the 1st 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 last quarter. Massachusetts Financial Services Co. MA increased its holdings in Atlassian by 21.8% in the 1st 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 last quarter. Vanguard Group Inc. boosted its position in Atlassian by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 16,993,537 shares of the technology company's stock valued at $3,606,198,000 after buying an additional 580,583 shares during the period. Finally, Baillie Gifford & Co. boosted its position in Atlassian by 7.1% in the 1st quarter. Baillie Gifford & Co. now owns 8,694,755 shares of the technology company's stock valued at $1,845,114,000 after buying an additional 573,696 shares during the period. Institutional investors and hedge funds own 94.45% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on TEAM. BMO Capital Markets decreased their price target on shares of Atlassian from $225.00 to $200.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Mizuho decreased their price target on shares of Atlassian from $265.00 to $235.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Oppenheimer decreased their price target on shares of Atlassian from $300.00 to $275.00 and set an "outperform" rating for the company in a research report on Monday, July 21st. Citigroup decreased their price target on shares of Atlassian from $300.00 to $240.00 and set a "buy" rating for the company in a research report on Monday, August 18th. Finally, Cantor Fitzgerald decreased their price target on shares of Atlassian from $256.00 to $240.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $248.74.

Atlassian Price Performance

Shares of TEAM opened at $151.95 on Friday. Atlassian Corporation PLC has a twelve month low of $144.32 and a twelve month high of $326.00. The firm's fifty day simple moving average is $164.28 and its 200-day simple moving average is $190.44. The firm has a market capitalization of $39.86 billion, a price-to-earnings ratio of -153.48 and a beta of 0.92. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.73.

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

Insiders Place Their Bets

In other news, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $197.88, for a total transaction of $1,516,750.20. Following the sale, the director owned 329,595 shares in the company, valued at approximately $65,220,258.60. The trade was a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Anutthara Bharadwaj sold 7,728 shares of the business's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $163.43, for a total value of $1,262,987.04. Following the completion of the sale, the president directly owned 182,801 shares of the company's stock, valued at $29,875,167.43. The trade was a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 551,608 shares of company stock valued at $94,572,077. 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.

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