Intech Investment Management LLC Has $22.52 Million Stake in Atlassian Corporation PLC $TEAM

Key Points

• Intech Investment Management LLC increased its stake in Atlassian by 180.3% to 140,984 shares worth $22.52 million, and institutional investors now own about 94.45% of the company.
• Mixed catalysts: Atlassian launched AI-powered "Agents" in Jira and hired James Chuong as CFO (positive), but analyst price-target cuts, a Pomerantz investor investigation, heavy insider selling and a new 52‑week low have pressured sentiment despite a consensus "Moderate Buy" target of $189.32.

Intech Investment Management LLC boosted its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 180.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 140,984 shares of the technology company's stock after buying an additional 90,692 shares during the quarter. Intech Investment Management LLC owned approximately 0.05% of Atlassian worth $22,515,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. NewEdge Advisors LLC lifted its stake in shares of Atlassian by 71.6% in the first quarter. NewEdge Advisors LLC now owns 5,432 shares of the technology company's stock worth $1,153,000 after acquiring an additional 2,267 shares during the period. Empowered Funds LLC raised its holdings in Atlassian by 39.5% during the 1st quarter. Empowered Funds LLC now owns 4,689 shares of the technology company's stock worth $995,000 after purchasing an additional 1,328 shares during the last quarter. Focus Partners Wealth lifted its position in shares of Atlassian by 32.6% in the 1st quarter. Focus Partners Wealth now owns 4,122 shares of the technology company's stock worth $875,000 after purchasing an additional 1,014 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Atlassian by 447.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company's stock valued at $42,000 after purchasing an additional 161 shares during the last quarter. Finally, Sivia Capital Partners LLC increased its position in shares of Atlassian by 27.5% during the second quarter. Sivia Capital Partners LLC now owns 1,873 shares of the technology company's stock worth $380,000 after buying an additional 404 shares during the period. Institutional investors and hedge funds own 94.45% of the company's stock.

Analyst Ratings Changes

TEAM has been the topic of several recent analyst reports. Robert W. Baird set a $140.00 target price on shares of Atlassian in a report on Friday, February 6th. Jefferies Financial Group set a $150.00 price objective on Atlassian in a research note on Friday, February 6th. Citigroup decreased their target price on Atlassian from $210.00 to $160.00 and set a "buy" rating for the company in a research note on Monday, February 9th. TD Cowen dropped their price target on Atlassian from $205.00 to $175.00 and set a "hold" rating on the stock in a research note on Tuesday, January 20th. Finally, Oppenheimer cut their price target on Atlassian from $275.00 to $150.00 and set an "outperform" rating on the stock in a report on Friday, February 6th. Twenty investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Atlassian presently has an average rating of "Moderate Buy" and a consensus target price of $189.32.

Key Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian launched "Agents" in Jira (open beta), expanding its MCP-powered ecosystem to orchestrate work between humans and AI — a strategic AI-product move that could accelerate enterprise adoption and monetization. Atlassian Introduces Agents in Jira to Drive Human-AI Collaboration at Enterprise Scale
• Positive Sentiment: Leadership change: Atlassian named James Chuong (formerly LinkedIn CFO) as its new CFO — a hire that signals experience in scaling enterprise software finance and may reassure investors on capital allocation and AI-era investments. Atlassian CFO Shift Brings LinkedIn Experience To AI And Capital Decisions
• Positive Sentiment: Market commentary suggests the broader software selloff may be easing and helped fuel a short-term bounce in TEAM, with some outlets highlighting renewed buying interest and analyst buy ratings despite dramatic prior declines. Why Atlassian Stock Just Popped
• Neutral Sentiment: Brand/partnership PR: Atlassian Williams F1 fan zones return for 2026 and M&S joined as an official travel-kit partner — positive for brand visibility but unlikely to materially affect near-term revenues. Atlassian Williams F1 Team Fan Zones return for 2026
• Neutral Sentiment: Short-interest report in the feed shows zeros/NaN data and an effectively 0.0 days-to-cover figure — appears to be a data anomaly and not meaningful for trading decisions. Short Interest Data (anomalous)
• Negative Sentiment: Analyst pressure: A published note reports a ~23.9% cut to TEAM's price target to $178.95, which can weigh on investor sentiment and sell-side conviction. Atlassian (TEAM) price target decreased by 23.90% to 178.95
• Negative Sentiment: Legal/investor risk: Pomerantz LLP announced an investigation into Atlassian investor claims — this type of litigation headline typically increases uncertainty and can pressure the stock. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Atlassian Corporation - TEAM
• Negative Sentiment: Share performance/insider activity: Coverage notes a new 52-week low and reports of insider selling — concrete signals that have likely contributed to negative sentiment and the steep multi-month decline in TEAM shares. Atlassian NASDAQ: TEAM Hits New 52-Week Low Following Insider Selling

Insiders Place Their Bets

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $161.79, for a total transaction of $1,240,120.35. Following the completion of the transaction, the director owned 99,645 shares in the company, valued at approximately $16,121,564.55. The trade was a 7.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the business's stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $161.79, for a total value of $1,240,120.35. Following the sale, the chief executive officer directly owned 107,310 shares of the company's stock, valued at $17,361,684.90. This represents a 6.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 435,781 shares of company stock worth $62,755,235 over the last ninety days. Insiders own 36.66% of the company's stock.

Atlassian Trading Up 2.8%

Shares of Atlassian stock opened at $73.19 on Thursday. The stock has a market capitalization of $19.30 billion, a PE ratio of -101.65, a price-to-earnings-growth ratio of 59.42 and a beta of 0.88. Atlassian Corporation PLC has a 52 week low of $67.85 and a 52 week high of $295.91. The stock has a 50 day moving average price of $124.37 and a two-hundred day moving average price of $148.30. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.89 and a current ratio of 0.89.

Atlassian (NASDAQ:TEAM - Get Free Report) last issued its earnings results on Thursday, February 5th. The technology company reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.10. Atlassian had a negative return on equity of 6.33% and a negative net margin of 3.29%.The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the firm earned $0.96 earnings per share. Atlassian's revenue for the quarter was up 23.3% on a year-over-year basis. As a group, equities analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Atlassian Company Profile

Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.

Atlassian's product portfolio centers on tools designed to help teams plan, build and support software and business processes.

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