Public Employees Retirement System of Ohio Buys New Position in Atlassian Co. (NASDAQ:TEAM)

Public Employees Retirement System of Ohio purchased a new stake in Atlassian Co. (NASDAQ:TEAM - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 67,633 shares of the technology company's stock, valued at approximately $16,461,000.

Other large investors also recently made changes to their positions in the company. Allworth Financial LP raised its stake in shares of Atlassian by 3.1% in the 4th quarter. Allworth Financial LP now owns 1,548 shares of the technology company's stock valued at $404,000 after purchasing an additional 47 shares during the period. Slow Capital Inc. lifted its stake in Atlassian by 2.9% in the 4th quarter. Slow Capital Inc. now owns 33,879 shares of the technology company's stock valued at $8,245,000 after acquiring an additional 959 shares in the last quarter. SYM FINANCIAL Corp acquired a new position in Atlassian during the 4th quarter worth approximately $230,000. LPL Financial LLC grew its stake in shares of Atlassian by 93.4% during the 4th quarter. LPL Financial LLC now owns 51,534 shares of the technology company's stock worth $12,542,000 after acquiring an additional 24,891 shares in the last quarter. Finally, Avior Wealth Management LLC raised its holdings in shares of Atlassian by 66.8% in the fourth quarter. Avior Wealth Management LLC now owns 507 shares of the technology company's stock valued at $123,000 after purchasing an additional 203 shares during the last quarter. Institutional investors own 94.45% of the company's stock.

Insider Transactions at Atlassian

In other news, President Anutthara Bharadwaj sold 1,731 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $214.87, for a total value of $371,939.97. Following the completion of the transaction, the president now directly owns 190,529 shares in the company, valued at approximately $40,938,966.23. This trade represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott Farquhar sold 7,948 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $210.81, for a total transaction of $1,675,517.88. Following the sale, the director now directly owns 63,584 shares in the company, valued at $13,404,143.04. This trade represents a 11.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 295,003 shares of company stock worth $63,589,173 in the last ninety days. Company insiders own 38.55% of the company's stock.

Atlassian Trading Up 0.8%

Atlassian stock traded up $1.55 during trading hours on Friday, reaching $205.48. 1,311,210 shares of the company's stock were exchanged, compared to its average volume of 2,095,001. The firm's 50 day simple moving average is $211.78 and its 200 day simple moving average is $246.41. Atlassian Co. has a twelve month low of $135.29 and a twelve month high of $326.00. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $53.94 billion, a PE ratio of -153.32 and a beta of 1.06.

Atlassian (NASDAQ:TEAM - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The technology company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.93 by $0.04. Atlassian had a negative net margin of 7.22% and a negative return on equity of 17.37%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the firm posted $0.89 EPS. The company's quarterly revenue was up 14.1% on a year-over-year basis. Research analysts predict that Atlassian Co. will post -0.34 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. UBS Group lowered their price target on shares of Atlassian from $230.00 to $215.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Truist Financial dropped their target price on Atlassian from $350.00 to $300.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Robert W. Baird upgraded Atlassian from a "neutral" rating to an "outperform" rating and decreased their price target for the company from $320.00 to $255.00 in a research note on Monday, April 14th. JMP Securities reiterated a "market perform" rating on shares of Atlassian in a research note on Friday, January 31st. Finally, Scotiabank increased their price objective on Atlassian from $250.00 to $330.00 and gave the company a "sector perform" rating in a report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $285.29.

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.