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

A number of other institutional investors and hedge funds also recently made changes to their positions in TEAM. Vident Advisory LLC grew its stake in shares of Atlassian by 14.3% during the 4th 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 during the period. Vise Technologies Inc. boosted its position in shares of Atlassian by 40.9% in the fourth quarter. Vise Technologies Inc. now owns 1,784 shares of the technology company's stock worth $434,000 after purchasing an additional 518 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Atlassian in the fourth quarter worth $16,461,000. University of Texas Texas AM Investment Management Co. raised its position in shares of Atlassian by 66.4% during the 4th 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 purchasing an additional 2,842 shares during the period. Finally, GF Fund Management CO. LTD. purchased a new position in shares of Atlassian during the 4th quarter valued at $7,447,000. Hedge funds and other institutional investors own 94.45% of the company's stock.

Atlassian Stock Performance

Atlassian stock traded down $5.00 during trading hours on Tuesday, hitting $165.63. 839,693 shares of the stock traded hands, compared to its average volume of 2,366,060. Atlassian Corporation PLC has a 1 year low of $155.37 and a 1 year high of $326.00. The firm's 50 day moving average price is $178.22 and its 200-day moving average price is $199.06. 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 stock has a market capitalization of $43.45 billion, a price-to-earnings ratio of -167.68 and a beta of 0.95.

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 company had revenue of $1.38 billion for 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 firm's revenue was up 22.3% on a year-over-year basis. During the same quarter last year, the business earned $0.66 earnings per share. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, equities analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on TEAM. Truist Financial set a $230.00 target price on Atlassian in a research report on Friday, August 8th. Canaccord Genuity Group reduced their price objective on shares of Atlassian from $255.00 to $230.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Raymond James Financial dropped their target price on shares of Atlassian from $300.00 to $250.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. KeyCorp decreased their price target 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, BMO Capital Markets cut their price objective on Atlassian from $225.00 to $200.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $253.04.

Insider Transactions at Atlassian

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of the business's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $169.32, for a total transaction of $1,297,837.80. Following the completion of the transaction, the director owned 53,655 shares in the company, valued at $9,084,864.60. The trade was a 12.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $169.32, for a total transaction of $1,297,837.80. Following the completion of the transaction, the chief executive officer owned 53,655 shares in the company, valued at $9,084,864.60. This represents a 12.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 536,278 shares of company stock valued at $99,238,836. Company insiders own 38.55% of the company's stock.

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.