46,740 Shares in Atlassian Corporation PLC $TEAM Purchased by Liontrust Investment Partners LLP

Liontrust Investment Partners LLP purchased a new stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 46,740 shares of the technology company’s stock, valued at approximately $9,492,000.

A number of other hedge funds also recently modified their holdings of the company. Townsquare Capital LLC increased its position in shares of Atlassian by 41.1% during the first quarter. Townsquare Capital LLC now owns 2,896 shares of the technology company’s stock valued at $615,000 after purchasing an additional 844 shares during the period. Vestmark Advisory Solutions Inc. boosted its stake in Atlassian by 72.6% during the first quarter. Vestmark Advisory Solutions Inc. now owns 4,910 shares of the technology company’s stock worth $1,042,000 after buying an additional 2,065 shares in the last quarter. Aberdeen Group plc increased its holdings in Atlassian by 122.4% in the 1st quarter. Aberdeen Group plc now owns 101,741 shares of the technology company’s stock valued at $21,590,000 after buying an additional 55,993 shares during the period. Ethic Inc. raised its stake in shares of Atlassian by 13.6% in the 1st quarter. Ethic Inc. now owns 7,054 shares of the technology company’s stock valued at $1,527,000 after buying an additional 845 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Atlassian by 35.2% during the 1st quarter. American Century Companies Inc. now owns 242,794 shares of the technology company’s stock worth $51,523,000 after acquiring an additional 63,221 shares during the period. Institutional investors own 94.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TEAM shares. Guggenheim started coverage on shares of Atlassian in a research note on Thursday, September 11th. They issued a “buy” rating and a $225.00 target price on the stock. Zacks Research upgraded Atlassian from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. Bank of America assumed coverage on Atlassian in a research report on Tuesday, September 23rd. They set a “neutral” rating and a $200.00 target price for the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $240.00 price target on shares of Atlassian in a research report on Friday, October 31st. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $230.00 price objective on shares of Atlassian in a research note on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $240.00.

Insider Buying and Selling

In other news, Director Scott Farquhar sold 7,665 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $161.79, for a total transaction of $1,240,120.35. Following the completion of the sale, the director owned 99,645 shares in the company, valued at $16,121,564.55. The trade was a 7.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $161.79, for a total value of $1,240,120.35. Following the transaction, the chief executive officer directly owned 107,310 shares in the company, valued at $17,361,684.90. This trade represents a 6.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 581,181 shares of company stock valued at $91,738,233. 36.66% of the stock is currently owned by company insiders.

Atlassian Price Performance

Atlassian stock opened at $162.04 on Friday. Atlassian Corporation PLC has a 52 week low of $139.70 and a 52 week high of $326.00. The firm has a market cap of $42.63 billion, a P/E ratio of -228.22, a P/E/G ratio of 30.56 and a beta of 0.89. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26. The business’s fifty day moving average is $155.86 and its two-hundred day moving average is $175.53.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.21. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The firm’s quarterly revenue was up 20.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS. Equities research analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

About Atlassian

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.