Natixis Advisors L.P. Buys 11,299 Shares of Atlassian Co. (NASDAQ:TEAM)

Natixis Advisors L.P. lifted its holdings in Atlassian Co. (NASDAQ:TEAM - Free Report) by 7.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 160,697 shares of the technology company's stock after buying an additional 11,299 shares during the quarter. Natixis Advisors L.P. owned about 0.06% of Atlassian worth $38,223,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Atlassian by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 14,851,471 shares of the technology company's stock valued at $2,992,720,000 after buying an additional 112,482 shares during the period. WCM Investment Management LLC increased its position in Atlassian by 2.7% in the fourth quarter. WCM Investment Management LLC now owns 9,640,536 shares of the technology company's stock worth $2,325,490,000 after purchasing an additional 249,017 shares during the period. Baillie Gifford & Co. raised its holdings in Atlassian by 20.7% during the 4th quarter. Baillie Gifford & Co. now owns 8,807,619 shares of the technology company's stock worth $2,094,980,000 after purchasing an additional 1,511,318 shares during the last quarter. Artisan Partners Limited Partnership lifted its position in Atlassian by 1.1% during the 3rd quarter. Artisan Partners Limited Partnership now owns 6,048,160 shares of the technology company's stock valued at $1,218,765,000 after purchasing an additional 63,903 shares during the period. Finally, Morgan Stanley boosted its stake in shares of Atlassian by 156.8% in the 3rd quarter. Morgan Stanley now owns 1,793,700 shares of the technology company's stock valued at $361,449,000 after purchasing an additional 1,095,297 shares during the last quarter. Institutional investors and hedge funds own 93.03% of the company's stock.

Analyst Ratings Changes

TEAM has been the subject of a number of recent research reports. Truist Financial dropped their price target on shares of Atlassian from $220.00 to $200.00 and set a "hold" rating for the company in a research note on Friday, April 26th. Canaccord Genuity Group reduced their price target on Atlassian from $260.00 to $230.00 and set a "buy" rating on the stock in a research report on Friday, April 26th. Oppenheimer decreased their price objective on Atlassian from $300.00 to $250.00 and set an "outperform" rating for the company in a research note on Friday, April 26th. Wells Fargo & Company increased their target price on Atlassian from $275.00 to $285.00 and gave the company an "overweight" rating in a research note on Wednesday, January 24th. Finally, UBS Group reduced their target price on Atlassian from $260.00 to $250.00 and set a "neutral" rating on the stock in a report on Friday, February 2nd. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $223.22.

Insider Transactions at Atlassian

In other Atlassian news, CAO Gene Liu sold 227 shares of the business's stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $212.87, for a total transaction of $48,321.49. Following the sale, the chief accounting officer now directly owns 47,066 shares of the company's stock, valued at approximately $10,018,939.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Michael Cannon-Brookes sold 8,241 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $172.99, for a total value of $1,425,610.59. Following the completion of the sale, the chief executive officer now owns 325,245 shares of the company's stock, valued at approximately $56,264,132.55. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Gene Liu sold 227 shares of the business's stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $212.87, for a total transaction of $48,321.49. Following the transaction, the chief accounting officer now owns 47,066 shares in the company, valued at $10,018,939.42. The disclosure for this sale can be found here. Insiders have sold a total of 300,450 shares of company stock valued at $60,110,850 over the last 90 days. 40.48% of the stock is owned by corporate insiders.

Atlassian Stock Down 0.0 %

Shares of TEAM traded down $0.03 during midday trading on Friday, hitting $183.52. The stock had a trading volume of 1,526,433 shares, compared to its average volume of 1,947,678. The firm has a market cap of $47.61 billion, a price-to-earnings ratio of -291.30 and a beta of 0.67. The company has a 50 day simple moving average of $197.23 and a two-hundred day simple moving average of $205.98. Atlassian Co. has a twelve month low of $128.02 and a twelve month high of $258.69. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.18 and a quick ratio of 1.07.

Atlassian (NASDAQ:TEAM - Get Free Report) last announced its earnings results on Thursday, April 25th. The technology company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.27. Atlassian had a negative return on equity of 13.95% and a negative net margin of 3.90%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the firm earned ($0.40) EPS. Atlassian's revenue for the quarter was up 29.9% compared to the same quarter last year. On average, analysts anticipate that Atlassian Co. will post -0.29 EPS for the current year.

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.