Maryland State Retirement & Pension System Has $1.60 Million Stock Position in Atlassian Corporation PLC $TEAM

Maryland State Retirement & Pension System increased its position in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 5.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,866 shares of the technology company’s stock after purchasing an additional 424 shares during the period. Maryland State Retirement & Pension System’s holdings in Atlassian were worth $1,598,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of TEAM. Nuveen LLC acquired a new stake in Atlassian during the first quarter worth $327,665,000. AQR Capital Management LLC lifted its holdings in shares of Atlassian by 145.6% during the 1st quarter. AQR Capital Management LLC now owns 1,715,287 shares of the technology company’s stock worth $354,858,000 after acquiring an additional 1,016,902 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Atlassian by 21.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,440,813 shares of the technology company’s stock worth $730,175,000 after acquiring an additional 616,071 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Atlassian by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 16,993,537 shares of the technology company’s stock worth $3,606,198,000 after acquiring an additional 580,583 shares during the period. Finally, Baillie Gifford & Co. raised its position in Atlassian by 7.1% in the first quarter. Baillie Gifford & Co. now owns 8,694,755 shares of the technology company’s stock worth $1,845,114,000 after purchasing an additional 573,696 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, President Anutthara Bharadwaj sold 7,728 shares of Atlassian stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $163.43, for a total value of $1,262,987.04. Following the completion of the sale, the president directly owned 182,801 shares in the company, valued at $29,875,167.43. This trade represents a 4.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $202.78, for a total transaction of $1,554,308.70. Following the completion of the transaction, the director directly owned 367,920 shares in the company, valued at $74,606,817.60. This trade represents a 2.04% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 566,938 shares of company stock valued at $98,781,848. 38.55% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TEAM. Oppenheimer lowered their price objective on Atlassian from $300.00 to $275.00 and set an “outperform” rating on the stock in a research note on Monday, July 21st. KeyCorp decreased their price target on Atlassian from $275.00 to $250.00 and set an “overweight” rating on the stock in a research note on Thursday, July 17th. Raymond James Financial cut their price objective on Atlassian from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Zacks Research cut Atlassian from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 7th. Finally, Citigroup dropped their target price on shares of Atlassian from $300.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $248.74.

Atlassian Stock Performance

Shares of NASDAQ:TEAM opened at $144.56 on Friday. Atlassian Corporation PLC has a twelve month low of $144.32 and a twelve month high of $326.00. The business has a fifty day moving average of $167.04 and a 200-day moving average of $192.53. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $37.92 billion, a PE ratio of -146.02 and a beta of 0.92.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. The company’s revenue was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.66 EPS. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, equities research analysts predict that Atlassian Corporation PLC will post -0.34 EPS 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.