Marshall Wace North America L.P. reduced its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 62.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 91,222 shares of the technology company’s stock after selling 150,440 shares during the period. Marshall Wace North America L.P.’s holdings in Atlassian Corporation PLC were worth $3,193,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in TEAM. Russell Investments Group Ltd. increased its position in shares of Atlassian Corporation PLC by 0.8% in the second quarter. Russell Investments Group Ltd. now owns 5,549 shares of the technology company’s stock valued at $196,000 after buying an additional 46 shares during the last quarter. Teza Capital Management LLC acquired a new position in shares of Atlassian Corporation PLC during the first quarter valued at approximately $215,000. BlueCrest Capital Management Ltd acquired a new position in shares of Atlassian Corporation PLC during the first quarter valued at approximately $221,000. Thompson Davis & CO. Inc. increased its stake in Atlassian Corporation PLC by 25.3% in the first quarter. Thompson Davis & CO. Inc. now owns 8,050 shares of the technology company’s stock worth $241,000 after buying an additional 1,625 shares in the last quarter. Finally, US Bancorp DE increased its stake in Atlassian Corporation PLC by 132.9% in the first quarter. US Bancorp DE now owns 8,671 shares of the technology company’s stock worth $260,000 after buying an additional 4,948 shares in the last quarter. Institutional investors and hedge funds own 82.48% of the company’s stock.

Shares of Atlassian Corporation PLC (TEAM) opened at 34.90 on Friday. Atlassian Corporation PLC has a 52 week low of $23.80 and a 52 week high of $39.25. The firm’s 50-day moving average price is $35.90 and its 200 day moving average price is $33.68. The company’s market capitalization is $7.88 billion.

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A number of research firms recently commented on TEAM. Robert W. Baird reiterated a “buy” rating and issued a $43.00 target price on shares of Atlassian Corporation PLC in a research report on Thursday. BTIG Research reiterated a “neutral” rating on shares of Atlassian Corporation PLC in a research report on Tuesday, August 15th. Zacks Investment Research downgraded Atlassian Corporation PLC from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Cowen and Company reiterated a “buy” rating and issued a $43.00 target price on shares of Atlassian Corporation PLC in a research report on Friday, July 28th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $42.00 target price (up from $40.00) on shares of Atlassian Corporation PLC in a research report on Wednesday, July 26th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $40.10.

About Atlassian Corporation PLC

Atlassian Corporation Plc is a holding company. The Company offers a range of team collaboration products. The Company offers products, including JIRA, Confluence, HipChat, Bitbucket and JIRA Service Desk, for software developers, information technology (IT) managers and knowledge workers. The Company offers JIRA for team planning and project management; Confluence for team content creation and sharing; HipChat for team real-time messaging and communications; Bitbucket for team code sharing and management, and JIRA Service Desk for team service and support applications.

Institutional Ownership by Quarter for Atlassian Corporation PLC (NASDAQ:TEAM)

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