Atlassian Corporation PLC (TEAM) Shares Sold by Quantum Capital Management LLC NJ
Quantum Capital Management LLC NJ reduced its stake in Atlassian Corporation PLC (NASDAQ:TEAM) by 1.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 130,082 shares of the technology company’s stock after selling 1,935 shares during the period. Quantum Capital Management LLC NJ owned about 0.13% of Atlassian worth $4,572,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of TEAM. Voya Investment Management LLC boosted its holdings in Atlassian by 166.3% during the 2nd quarter. Voya Investment Management LLC now owns 28,189 shares of the technology company’s stock worth $992,000 after acquiring an additional 17,604 shares during the last quarter. Royce & Associates LP bought a new stake in shares of Atlassian during the second quarter valued at about $2,885,000. Wells Fargo & Company MN increased its position in shares of Atlassian by 3,340.5% during the second quarter. Wells Fargo & Company MN now owns 365,104 shares of the technology company’s stock valued at $12,844,000 after buying an additional 354,492 shares during the period. Amalgamated Bank bought a new stake in shares of Atlassian during the second quarter valued at about $479,000. Finally, Rhumbline Advisers increased its position in shares of Atlassian by 189.3% during the second quarter. Rhumbline Advisers now owns 78,226 shares of the technology company’s stock valued at $2,752,000 after buying an additional 51,182 shares during the period. Institutional investors and hedge funds own 77.94% of the company’s stock.
Shares of Atlassian Corporation PLC (NASDAQ TEAM) opened at $52.23 on Friday. Atlassian Corporation PLC has a 12 month low of $23.80 and a 12 month high of $53.45.
Atlassian (NASDAQ:TEAM) last issued its earnings results on Thursday, October 19th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.17. Atlassian had a negative return on equity of 2.11% and a negative net margin of 7.96%. The company had revenue of $193.80 million for the quarter, compared to the consensus estimate of $185.78 million. During the same quarter last year, the company earned $0.10 EPS. The firm’s quarterly revenue was up 41.7% on a year-over-year basis. equities research analysts expect that Atlassian Corporation PLC will post -0.13 EPS for the current year.
Several brokerages have issued reports on TEAM. Robert W. Baird set a $43.00 target price on Atlassian and gave the stock a “buy” rating in a research note on Friday, October 6th. Oppenheimer Holdings, Inc. increased their price objective on Atlassian to $50.00 and gave the company an “outperform” rating in a research note on Friday, October 20th. Canaccord Genuity reissued a “buy” rating and set a $44.00 price objective on shares of Atlassian in a research note on Friday, September 15th. Summit Redstone reissued a “buy” rating on shares of Atlassian in a research note on Thursday, October 19th. Finally, Cowen Inc reissued an “outperform” rating and set a $55.00 price objective (up previously from $47.00) on shares of Atlassian in a research note on Friday, October 20th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Atlassian currently has a consensus rating of “Buy” and an average target price of $49.20.
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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.
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