Fjarde AP Fonden Fourth Swedish National Pension Fund Reduces Holdings in Atlassian Corporation PLC $TEAM

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in Atlassian Corporation PLC by 10.3%, now holding 34,000 shares valued at approximately $7.22 million.
• Analysts have mixed opinions on Atlassian, with 19 buy ratings and 5 hold ratings, and a consensus price target averaging $259.76.
• Atlassian reported a quarterly earnings per share of $0.98, exceeding analyst estimates, with a 22.3% year-over-year revenue increase to $1.38 billion.

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its position in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 10.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,000 shares of the technology company's stock after selling 3,900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Atlassian were worth $7,215,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Atlassian by 3.5% during 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 buying an additional 580,583 shares during the period. Baillie Gifford & Co. grew its position in shares of Atlassian by 7.1% in the first quarter. Baillie Gifford & Co. now owns 8,694,755 shares of the technology company's stock valued at $1,845,114,000 after purchasing an additional 573,696 shares during the period. 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. Voya Investment Management LLC grew its position in shares of Atlassian by 17,941.0% in the fourth quarter. Voya Investment Management LLC now owns 2,172,854 shares of the technology company's stock valued at $528,693,000 after purchasing an additional 2,160,810 shares during the period. Finally, Durable Capital Partners LP grew its position in shares of Atlassian by 499.7% in the fourth quarter. Durable Capital Partners LP now owns 1,575,546 shares of the technology company's stock valued at $383,456,000 after purchasing an additional 1,312,820 shares during the period. Institutional investors and hedge funds own 94.45% of the company's stock.

Insiders Place Their Bets

In other Atlassian news, Director Scott Farquhar sold 7,948 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $208.43, for a total transaction of $1,656,601.64. Following the sale, the director directly owned 23,844 shares of the company's stock, valued at $4,969,804.92. This trade represents a 25.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Cannon-Brookes sold 7,948 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $208.43, for a total transaction of $1,656,601.64. Following the transaction, the chief executive officer owned 23,844 shares in the company, valued at approximately $4,969,804.92. The trade was a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 510,700 shares of company stock worth $100,415,703. Corporate insiders own 38.55% of the company's stock.

Atlassian Stock Down 1.5%

Shares of Atlassian stock traded down $2.5590 during trading hours on Thursday, hitting $163.9910. The company had a trading volume of 429,932 shares, compared to its average volume of 2,386,245. The company's 50-day moving average is $191.89 and its two-hundred day moving average is $220.13. Atlassian Corporation PLC has a twelve month low of $154.07 and a twelve month high of $326.00. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.26. The company has a market cap of $43.05 billion, a P/E ratio of -165.79 and a beta of 0.96.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TEAM shares. Capital One Financial lowered shares of Atlassian from an "overweight" rating to an "equal weight" rating and set a $211.00 price target on the stock. in a research report on Wednesday, July 16th. Truist Financial set a $230.00 target price on shares of Atlassian in a research note on Friday, August 8th. Oppenheimer reduced their target price on shares of Atlassian from $300.00 to $275.00 and set an "outperform" rating on the stock in a research note on Monday, July 21st. KeyCorp reduced their target price on shares of Atlassian from $275.00 to $250.00 and set an "overweight" rating on the stock in a research note on Thursday, July 17th. Finally, Barclays reduced their target price on shares of Atlassian from $244.00 to $215.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Atlassian has an average rating of "Moderate Buy" and an average target price of $256.90.

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.