Westfield Capital Management Co. LP Grows Stock Position in Atlassian Corporation PLC $TEAM

Westfield Capital Management Co. LP boosted its holdings in Atlassian Corporation PLC (NASDAQ:TEAM) by 56.5% during the third quarter, HoldingsChannel reports. The fund owned 322,438 shares of the technology company’s stock after buying an additional 116,470 shares during the period. Westfield Capital Management Co. LP’s holdings in Atlassian were worth $51,493,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TEAM. NewEdge Advisors LLC lifted its stake in shares of Atlassian by 71.6% in the 1st quarter. NewEdge Advisors LLC now owns 5,432 shares of the technology company’s stock valued at $1,153,000 after purchasing an additional 2,267 shares during the last quarter. Empowered Funds LLC raised its holdings in Atlassian by 39.5% in the 1st quarter. Empowered Funds LLC now owns 4,689 shares of the technology company’s stock valued at $995,000 after buying an additional 1,328 shares during the period. Focus Partners Wealth raised its holdings in Atlassian by 32.6% in the 1st quarter. Focus Partners Wealth now owns 4,122 shares of the technology company’s stock valued at $875,000 after buying an additional 1,014 shares during the period. Geneos Wealth Management Inc. lifted its position in Atlassian by 447.2% in the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock valued at $42,000 after buying an additional 161 shares during the last quarter. Finally, Sivia Capital Partners LLC boosted its stake in Atlassian by 27.5% during the second quarter. Sivia Capital Partners LLC now owns 1,873 shares of the technology company’s stock worth $380,000 after buying an additional 404 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Macquarie Infrastructure decreased their price objective on shares of Atlassian from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. UBS Group restated a “neutral” rating and set a $105.00 price target on shares of Atlassian in a research note on Friday, February 6th. Wells Fargo & Company dropped their price objective on Atlassian from $216.00 to $155.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Morgan Stanley decreased their target price on Atlassian from $320.00 to $290.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Finally, Sanford C. Bernstein lifted their target price on Atlassian from $290.00 to $304.00 and gave the company an “outperform” rating in a research report on Tuesday, November 18th. Twenty equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Atlassian presently has an average rating of “Moderate Buy” and an average price target of $189.32.

Trending Headlines about Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian opened an open beta for AI agents in Jira that lets teams embed both Atlassian and third‑party agents into planning and tracking workflows; the feature ties into the Model Context Protocol to connect models, tools and data, which could increase enterprise adoption and product stickiness. Atlassian AI Agents In Jira Test Investor Hopes For Workflow Adoption
• Positive Sentiment: Coverage emphasizes the “agents as full team members” concept in Jira — positioning Atlassian to embed agentic AI into everyday workflows (Jira, Confluence) and extend its MCP-powered ecosystem across human+AI work orchestration. Atlassian: AI agents in Jira now as full team members
• Positive Sentiment: Atlassian’s own release frames the agents beta as a scale play to drive human‑AI collaboration across enterprises, which could boost long‑term monetization if adoption expands across existing Jira/Confluence customers. Atlassian Introduces Agents in Jira to Drive Human-AI Collaboration at Enterprise Scale
• Positive Sentiment: Analyst coverage remains largely bullish: ~80% of analysts still positive with a consensus target near $150, and recent quarterly beats support the narrative that product momentum can translate into revenue growth. Atlassian (TEAM)’s Strong Fundamentals Retains Analyst Confidence
• Neutral Sentiment: Brand and marketing activity (Atlassian Williams F1 fan zone; M&S travel kit partnership) raise visibility but are unlikely to move fundamentals materially in the near term. Atlassian Williams F1 Team Fan Zone presented by Kraken kicks off the season in Melbourne
• Neutral Sentiment: Reported short‑interest data for late February appears anomalous (0 shares / NaN changes), suggesting no clear short‑interest signal from public data providers at this time.
• Negative Sentiment: Pomerantz LLP has opened an investor investigation into Atlassian; such probes can create legal risk, distractions and potential costs that investors should monitor. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf Of Investors Of Atlassian Corporation – TEAM

Atlassian Price Performance

TEAM stock opened at $79.43 on Friday. The business has a 50 day moving average price of $122.66 and a 200 day moving average price of $147.82. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.62. The stock has a market cap of $20.95 billion, a price-to-earnings ratio of -110.32, a PEG ratio of 61.09 and a beta of 0.88. Atlassian Corporation PLC has a fifty-two week low of $67.85 and a fifty-two week high of $295.91.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings data on Thursday, February 5th. The technology company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Atlassian had a negative net margin of 3.29% and a negative return on equity of 6.33%. The firm’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same quarter last year, the company earned $0.96 earnings per share. Equities research analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Joseph Leo Binz sold 1,653 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $81.35, for a total value of $134,471.55. Following the transaction, the chief financial officer owned 208,639 shares of the company’s stock, valued at approximately $16,972,782.65. The trade was a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Scott Farquhar sold 7,665 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $94.81, for a total value of $726,718.65. Following the sale, the director directly owned 275,940 shares of the company’s stock, valued at approximately $26,161,871.40. This represents a 2.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 420,451 shares of company stock worth $60,453,896 over the last quarter. 36.66% of the stock is owned by insiders.

Atlassian 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.