Atlassian Co. (NASDAQ:TEAM) Shares Bought by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lifted its stake in shares of Atlassian Co. (NASDAQ:TEAM) by 38.5% during the fourth quarter, Holdings Channel reports. The fund owned 9,169 shares of the technology company’s stock after purchasing an additional 2,547 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Atlassian were worth $2,232,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of Atlassian by 72.9% during the 4th quarter. JPMorgan Chase & Co. now owns 4,284,400 shares of the technology company’s stock worth $1,042,737,000 after purchasing an additional 1,806,042 shares during the last quarter. Norges Bank acquired a new stake in Atlassian during the fourth quarter worth approximately $296,697,000. Arrowstreet Capital Limited Partnership purchased a new stake in Atlassian in the 4th quarter worth approximately $234,547,000. Two Sigma Advisers LP raised its holdings in Atlassian by 122.0% in the 3rd quarter. Two Sigma Advisers LP now owns 1,003,600 shares of the technology company’s stock valued at $159,382,000 after acquiring an additional 551,500 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in shares of Atlassian by 12,047.2% during the 4th quarter. Los Angeles Capital Management LLC now owns 228,124 shares of the technology company’s stock worth $55,521,000 after purchasing an additional 226,246 shares during the period. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Atlassian Stock Performance

NASDAQ:TEAM opened at $187.67 on Friday. Atlassian Co. has a 1-year low of $135.29 and a 1-year high of $326.00. The stock has a market cap of $49.17 billion, a P/E ratio of -140.05 and a beta of 1.07. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a 50-day moving average of $264.05 and a two-hundred day moving average of $239.57.

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

Insider Buying and Selling

In other news, Director Scott Farquhar sold 7,948 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $253.01, for a total value of $2,010,923.48. Following the completion of the sale, the director now directly owns 389,452 shares in the company, valued at approximately $98,535,250.52. The trade was a 2.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Anutthara Bharadwaj sold 1,520 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $259.85, for a total value of $394,972.00. Following the transaction, the president now owns 210,471 shares in the company, valued at $54,690,889.35. This trade represents a 0.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 270,981 shares of company stock worth $71,914,254. Insiders own 38.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Scotiabank upped their target price on Atlassian from $250.00 to $330.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st. UBS Group dropped their price objective on shares of Atlassian from $330.00 to $230.00 and set a “neutral” rating for the company in a research note on Tuesday. KeyCorp boosted their target price on shares of Atlassian from $315.00 to $365.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Barclays increased their price target on shares of Atlassian from $275.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Finally, JMP Securities reiterated a “market perform” rating on shares of Atlassian in a report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $308.73.

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.