Mitsubishi UFJ Trust & Banking Corp Has $63.76 Million Holdings in Atlassian Co. (NASDAQ:TEAM)

Mitsubishi UFJ Trust & Banking Corp decreased its position in Atlassian Co. (NASDAQ:TEAM) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 261,972 shares of the technology company’s stock after selling 3,105 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.10% of Atlassian worth $63,759,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. True Wealth Design LLC lifted its stake in shares of Atlassian by 23,100.0% in the 3rd quarter. True Wealth Design LLC now owns 232 shares of the technology company’s stock valued at $37,000 after purchasing an additional 231 shares during the period. Avion Wealth lifted its stake in Atlassian by 1,308.3% in the fourth quarter. Avion Wealth now owns 169 shares of the technology company’s stock valued at $41,000 after buying an additional 157 shares during the period. Assetmark Inc. boosted its holdings in shares of Atlassian by 30.6% during the 4th quarter. Assetmark Inc. now owns 175 shares of the technology company’s stock worth $43,000 after buying an additional 41 shares in the last quarter. Mainstream Capital Management LLC acquired a new stake in shares of Atlassian during the 4th quarter worth approximately $49,000. Finally, Kestra Investment Management LLC bought a new stake in shares of Atlassian in the 4th quarter valued at $56,000. Institutional investors own 94.45% of the company’s stock.

Atlassian Stock Up 0.7 %

Shares of NASDAQ:TEAM opened at $236.22 on Wednesday. Atlassian Co. has a 1 year low of $135.29 and a 1 year high of $326.00. The company has a market capitalization of $61.89 billion, a PE ratio of -176.28 and a beta of 0.91. The business has a fifty day moving average price of $271.00 and a two-hundred day moving average price of $237.85. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.24 and a quick ratio of 1.24.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, January 30th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.85). Atlassian had a negative return on equity of 17.37% and a negative net margin of 7.22%. Analysts forecast that Atlassian Co. will post -0.34 earnings per share for the current year.

Insiders Place Their Bets

In other Atlassian news, President Anutthara Bharadwaj sold 1,723 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $305.84, for a total transaction of $526,962.32. Following the completion of the transaction, the president now owns 199,934 shares in the company, valued at $61,147,814.56. This trade represents a 0.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Scott Farquhar sold 7,948 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $234.38, for a total transaction of $1,862,852.24. Following the completion of the sale, the director now directly owns 39,740 shares in the company, valued at approximately $9,314,261.20. This trade represents a 16.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 263,033 shares of company stock valued at $70,849,302 over the last ninety days. 38.55% of the stock is currently owned by insiders.

Analyst Ratings Changes

TEAM has been the topic of several research analyst reports. Wells Fargo & Company increased their target price on shares of Atlassian from $350.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Jefferies Financial Group raised their target price on Atlassian from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Friday, January 24th. JMP Securities reaffirmed a “market perform” rating on shares of Atlassian in a research note on Friday, January 31st. Scotiabank increased their price target on Atlassian from $250.00 to $330.00 and gave the stock a “sector perform” rating in a report on Friday, January 31st. Finally, Barclays boosted their price objective on Atlassian from $275.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $316.77.

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.