Atlassian Co. (NASDAQ:TEAM) Stake Raised by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its stake in Atlassian Co. (NASDAQ:TEAM - Free Report) by 559.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,531 shares of the technology company's stock after buying an additional 86,981 shares during the quarter. Janus Henderson Group PLC's holdings in Atlassian were worth $24,952,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TEAM. JPMorgan Chase & Co. lifted its holdings in Atlassian by 5.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,478,358 shares of the technology company's stock worth $393,588,000 after purchasing an additional 131,621 shares in the last quarter. Wedmont Private Capital purchased a new position in Atlassian during the fourth quarter valued at $221,000. Park Avenue Securities LLC lifted its stake in Atlassian by 16.7% in the 4th quarter. Park Avenue Securities LLC now owns 4,757 shares of the technology company's stock worth $1,158,000 after purchasing an additional 682 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of Atlassian by 23.9% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 2,316 shares of the technology company's stock valued at $564,000 after purchasing an additional 447 shares in the last quarter. Finally, Decker Retirement Planning Inc. bought a new stake in shares of Atlassian in the fourth quarter worth about $4,374,000. Institutional investors own 94.45% of the company's stock.

Atlassian Stock Performance

Atlassian stock traded down $6.32 during trading hours on Monday, reaching $214.47. 2,741,814 shares of the stock were exchanged, compared to its average volume of 2,102,561. Atlassian Co. has a 52-week low of $135.29 and a 52-week high of $326.00. The stock has a market cap of $56.30 billion, a P/E ratio of -160.05 and a beta of 1.06. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.24 and a current ratio of 1.24. The firm's 50 day moving average is $213.39 and its 200 day moving average is $247.54.

Atlassian (NASDAQ:TEAM - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The technology company reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.35 billion. During the same period in the prior year, the company posted $0.89 EPS. The business's revenue for the quarter was up 14.1% on a year-over-year basis. Analysts predict that Atlassian Co. will post -0.34 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on TEAM shares. Barclays reduced their price objective on Atlassian from $350.00 to $260.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Wells Fargo & Company dropped their price objective on shares of Atlassian from $330.00 to $315.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Truist Financial decreased their target price on shares of Atlassian from $350.00 to $300.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. StockNews.com downgraded Atlassian from a "buy" rating to a "hold" rating in a research report on Monday, March 31st. Finally, Oppenheimer boosted their target price on Atlassian from $300.00 to $380.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $285.29.

Insider Buying and Selling at Atlassian

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,948 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $313.95, for a total value of $2,495,274.60. Following the completion of the transaction, the chief executive officer now directly owns 230,492 shares of the company's stock, valued at $72,362,963.40. This represents a 3.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Gene Liu sold 541 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $225.51, for a total transaction of $122,000.91. Following the completion of the sale, the chief accounting officer now directly owns 51,481 shares in the company, valued at $11,609,480.31. This represents a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 283,197 shares of company stock worth $64,494,622. Corporate insiders own 38.55% of the company's stock.

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.