SBI Securities Co. Ltd. Raises Stock Position in Atlassian Corporation PLC $TEAM

SBI Securities Co. Ltd. grew its position in Atlassian Corporation PLC (NASDAQ:TEAM) by 50.7% in the third quarter, HoldingsChannel reports. The fund owned 40,546 shares of the technology company’s stock after acquiring an additional 13,643 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Atlassian were worth $6,475,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TEAM. Norges Bank purchased a new stake in shares of Atlassian in the 2nd quarter valued at approximately $377,794,000. Artisan Partners Limited Partnership boosted its holdings in Atlassian by 66.3% in the second quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock valued at $787,610,000 after purchasing an additional 1,545,546 shares in the last quarter. Swedbank AB boosted its holdings in Atlassian by 139.6% in the 3rd quarter. Swedbank AB now owns 1,372,976 shares of the technology company’s stock valued at $219,264,000 after purchasing an additional 800,000 shares in the last quarter. DNB Asset Management AS grew its stake in shares of Atlassian by 2,676.8% during the 2nd quarter. DNB Asset Management AS now owns 765,678 shares of the technology company’s stock worth $155,502,000 after purchasing an additional 738,104 shares during the period. Finally, Marshall Wace LLP lifted its stake in shares of Atlassian by 203.3% in the second quarter. Marshall Wace LLP now owns 870,867 shares of the technology company’s stock valued at $176,864,000 after purchasing an additional 583,697 shares during the period. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Atlassian Stock Up 0.0%

TEAM opened at $105.04 on Thursday. The firm’s 50-day simple moving average is $146.59 and its 200-day simple moving average is $159.58. The firm has a market cap of $27.64 billion, a price-to-earnings ratio of -147.94, a PEG ratio of 16.26 and a beta of 0.88. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26. Atlassian Corporation PLC has a twelve month low of $98.71 and a twelve month high of $326.00.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. BTIG Research restated a “buy” rating and set a $220.00 target price on shares of Atlassian in a report on Tuesday, January 13th. UBS Group set a $145.00 price target on shares of Atlassian in a research report on Tuesday, January 27th. KeyCorp reduced their price objective on shares of Atlassian from $250.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday, October 23rd. Jefferies Financial Group set a $262.00 target price on Atlassian in a report on Thursday, January 15th. Finally, Sanford C. Bernstein boosted their price objective on Atlassian from $290.00 to $304.00 and gave the company an “outperform” rating in a research report on Tuesday, November 18th. Twenty analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Atlassian has a consensus rating of “Moderate Buy” and an average price target of $221.44.

Key Headlines Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian announced a multi‑year partnership with Anthropic/Williams F1 to integrate Claude as the team’s “Official Thinking Partner,” which raises Atlassian’s AI profile and could support future product integrations and commercial opportunities. Anthropic partnership
• Positive Sentiment: Analyst previews (Zacks) expect Q2 to benefit from cloud/AI tool demand and steady Jira/Confluence adoption — a fundamental tailwind to watch into earnings. Zacks earnings preview
• Positive Sentiment: Some outlets highlight large upside scenarios for TEAM tied to AI adoption, signaling that several analysts still see meaningful recovery potential over a 12‑month horizon. Bullish analyst view
• Neutral Sentiment: Marketing/PR from the Williams F1 sponsorship (new livery, ads) boosts brand visibility but is unlikely to move fundamentals by itself in the near term. F1 livery coverage
• Neutral Sentiment: Reported short‑interest metrics currently show effectively zero shorted shares and a 0.0 days‑to‑cover figure — a technical datapoint that appears immaterial to immediate price action.
• Negative Sentiment: CNBC notes broad software weakness as AI competition (e.g., Anthropic features) spooks investors and pressures cloud/software multiples — a sector headwind that can push TEAM shares lower even if company fundamentals stay intact. CNBC sector note
• Negative Sentiment: Analysts Cantor Fitzgerald and BMO cut price targets (CF: $240→$146; BMO: $195→$135) — even though both keep constructive ratings, the lower targets reduce near‑term upside expectations and contribute to selling pressure. Cantor Fitzgerald note BMO note
• Negative Sentiment: Co‑founders/insiders (CEO Michael Cannon‑Brookes and director Scott Farquhar) recently sold multiple identical blocks (~7,665 shares each), a pattern of repeated insider sales that has amplified investor concern about insider conviction and likely added near‑term selling pressure. SEC filing — insider sales

Insider Activity at Atlassian

In related news, Director Scott Farquhar sold 7,665 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $116.40, for a total transaction of $892,206.00. Following the sale, the director owned 298,935 shares in the company, valued at approximately $34,796,034. This trade represents a 2.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $116.40, for a total value of $892,206.00. Following the sale, the chief executive officer directly owned 298,935 shares in the company, valued at $34,796,034. The trade was a 2.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 551,049 shares of company stock worth $82,050,502 in the last 90 days. Company insiders own 36.66% of the company’s stock.

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.