Pacer Advisors Inc. Decreases Position in Atlassian Corporation PLC $TEAM

Pacer Advisors Inc. cut its position in Atlassian Corporation PLC (NASDAQ:TEAM) by 95.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 6,677 shares of the technology company’s stock after selling 143,123 shares during the quarter. Pacer Advisors Inc.’s holdings in Atlassian were worth $456,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Exane Asset Management increased its holdings in shares of Atlassian by 419.9% in the 4th quarter. Exane Asset Management now owns 31,363 shares of the technology company’s stock worth $5,085,000 after purchasing an additional 25,330 shares in the last quarter. Nicholas Company Inc. raised its stake in shares of Atlassian by 8.7% in the fourth quarter. Nicholas Company Inc. now owns 306,819 shares of the technology company’s stock worth $49,748,000 after purchasing an additional 24,490 shares during the last quarter. Fisher Funds Management LTD lifted its holdings in shares of Atlassian by 11.1% during the fourth quarter. Fisher Funds Management LTD now owns 334,011 shares of the technology company’s stock valued at $54,440,000 after purchasing an additional 33,485 shares in the last quarter. Merit Financial Group LLC lifted its holdings in shares of Atlassian by 339.8% during the fourth quarter. Merit Financial Group LLC now owns 31,565 shares of the technology company’s stock valued at $5,118,000 after purchasing an additional 24,388 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Atlassian by 25.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 139,400 shares of the technology company’s stock valued at $22,602,000 after buying an additional 28,001 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

Atlassian Stock Up 1.5%

Atlassian stock opened at $154.08 on Wednesday. The stock has a market cap of $39.10 billion, a PE ratio of -810.95, a price-to-earnings-growth ratio of 18.55 and a beta of 1.05. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.70 and a current ratio of 0.70. Atlassian Corporation PLC has a one year low of $56.01 and a one year high of $184.00. The stock has a fifty day moving average of $94.63 and a 200 day moving average of $87.16.

Atlassian (NASDAQ:TEAM) last posted its earnings results on Thursday, August 6th. The technology company reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.37. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.66 billion. Atlassian had a positive return on equity of 20.07% and a negative net margin of 0.82%.Atlassian’s revenue was up 27.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 earnings per share. As a group, sell-side analysts predict that Atlassian Corporation PLC will post 0.6 EPS for the current year.

Analyst Upgrades and Downgrades

TEAM has been the subject of several research analyst reports. Truist Financial lifted their price objective on Atlassian from $100.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Jefferies Financial Group restated a “buy” rating and set a $200.00 target price on shares of Atlassian in a research note on Friday. Oppenheimer raised their price target on shares of Atlassian from $110.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Piper Sandler reduced their price target on shares of Atlassian from $200.00 to $175.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Atlassian in a report on Friday, July 17th. Twenty-four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Atlassian has an average rating of “Moderate Buy” and an average price target of $176.27.

Insider Activity at Atlassian

In other news, CFO James Chuong sold 8,838 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $87.75, for a total value of $775,534.50. Following the transaction, the chief financial officer owned 288,272 shares in the company, valued at $25,295,868. This represents a 2.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Brian Duffy sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $89.71, for a total transaction of $269,130.00. Following the completion of the transaction, the executive directly owned 227,691 shares in the company, valued at approximately $20,426,159.61. The trade was a 1.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 20,041 shares of company stock worth $1,801,069 in the last quarter. Company insiders own 36.66% of the company’s stock.

Key Stories Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian shares have risen roughly 166% from their 52-week low after the company demonstrated that concerns about an AI-driven “SaaSpocalypse” have not yet disrupted its business. Revenue growth and adoption of Atlassian’s AI platform are supporting the recovery. “SaaSpocalypse?” Not for Atlassian Stock
• Positive Sentiment: Strong fiscal Q4 2026 earnings and a growing contract backlog drove a sharp rally, while 14 new analyst price targets indicate improving Wall Street sentiment. Atlassian Just Pulled Off the Software Comeback Wall Street Wanted
• Positive Sentiment: The earnings report was described as a blowout, with shares surging as investors responded to stronger-than-expected results and the company’s growth outlook. Why Atlassian Shares Rose 35%
• Positive Sentiment: Jefferies cited Atlassian among software companies helping demonstrate a broader sector rebound, with earnings beats, healthy margins and early AI monetization easing fears about long-term software valuations. Software Rebound Is Real but Selective
• Neutral Sentiment: Analysts give Atlassian an average “Moderate Buy” rating, indicating constructive but not universally bullish expectations. Atlassian Given Moderate Buy Rating
• Negative Sentiment: Management’s guidance for slower fiscal 2027 revenue growth remains a risk, particularly after the stock’s substantial rebound and elevated investor expectations. Atlassian Just Pulled Off the Software Comeback Wall Street Wanted

Atlassian Company Profile

Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.

Atlassian’s product portfolio centers on tools designed to help teams plan, build and support software and business processes.