Mn Services Vermogensbeheer B.V. Has $12.45 Million Stock Position in Atlassian Corporation PLC $TEAM

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in Atlassian Corporation PLC by 9.3%, owning 61,300 shares valued at approximately $12.45 million as of the latest SEC filing.
• Multiple hedge funds, including Vanguard Group and Massachusetts Financial Services, have also raised their positions in Atlassian, indicating strong institutional interest with 94.45% of the stock held by institutional investors.
• Atlassian's stock has been subject to various target price adjustments from analysts, with an average target now at $255.45 and the stock currently rated as a "Moderate Buy."

Mn Services Vermogensbeheer B.V. grew its position in Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 9.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,300 shares of the technology company's stock after buying an additional 5,200 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Atlassian were worth $12,449,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in TEAM. Vident Advisory LLC lifted its position in shares of Atlassian by 14.3% in the fourth quarter. Vident Advisory LLC now owns 2,882 shares of the technology company's stock valued at $701,000 after acquiring an additional 360 shares in the last quarter. Vise Technologies Inc. raised its position in shares of Atlassian by 40.9% in the 4th quarter. Vise Technologies Inc. now owns 1,784 shares of the technology company's stock worth $434,000 after buying an additional 518 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Atlassian during the fourth quarter valued at about $16,461,000. University of Texas Texas AM Investment Management Co. boosted its stake in Atlassian by 66.4% in the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 7,120 shares of the technology company's stock valued at $1,733,000 after acquiring an additional 2,842 shares during the period. Finally, GF Fund Management CO. LTD. bought a new stake in shares of Atlassian during the fourth quarter valued at approximately $7,447,000. 94.45% of the stock is owned by institutional investors.

Insider Transactions at Atlassian

In other news, CEO Michael Cannon-Brookes sold 7,665 shares of the company's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $173.56, for a total transaction of $1,330,337.40. Following the sale, the chief executive officer owned 61,320 shares in the company, valued at $10,642,699.20. This represents a 11.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Scott Farquhar sold 7,665 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $173.56, for a total value of $1,330,337.40. Following the sale, the director directly owned 61,320 shares in the company, valued at approximately $10,642,699.20. This trade represents a 11.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 536,278 shares of company stock valued at $99,596,944. Corporate insiders own 38.55% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TEAM. Cantor Fitzgerald decreased their price objective on shares of Atlassian from $256.00 to $240.00 and set an "overweight" rating for the company in a report on Friday, August 8th. Canaccord Genuity Group lowered their price objective on shares of Atlassian from $255.00 to $230.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Stephens cut their price target on shares of Atlassian from $221.00 to $202.00 and set an "equal weight" rating for the company in a report on Monday, August 11th. Barclays decreased their price objective on shares of Atlassian from $244.00 to $215.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Finally, BMO Capital Markets cut their target price on Atlassian from $225.00 to $200.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $255.45.

Atlassian Trading Down 0.3%

TEAM stock traded down $0.58 during midday trading on Friday, reaching $169.05. 2,754,523 shares of the company's stock traded hands, compared to its average volume of 2,134,461. The business has a 50-day moving average price of $178.63 and a two-hundred day moving average price of $199.89. Atlassian Corporation PLC has a fifty-two week low of $155.37 and a fifty-two week 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 1.22. The company has a market capitalization of $44.35 billion, a P/E ratio of -170.76 and a beta of 0.95.

Atlassian (NASDAQ:TEAM - Get Free Report) last posted 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 business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.36 billion. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The company's quarterly revenue was up 22.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 EPS. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Equities research analysts forecast that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

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.