TIAA CREF Investment Management LLC decreased its stake in Atlassian Corporation PLC (NASDAQ:TEAM) by 13.7% during the first quarter, Holdings Channel reports. The firm owned 51,054 shares of the technology company’s stock after selling 8,119 shares during the period. TIAA CREF Investment Management LLC’s holdings in Atlassian Corporation PLC were worth $1,529,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of TEAM. Teza Capital Management LLC purchased a new stake in shares of Atlassian Corporation PLC during the first quarter valued at about $215,000. Thompson Davis & CO. Inc. raised its stake in shares of 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 valued at $241,000 after buying an additional 1,625 shares during the period. US Bancorp DE raised its stake in shares of Atlassian Corporation PLC by 132.9% in the first quarter. US Bancorp DE now owns 8,671 shares of the technology company’s stock valued at $260,000 after buying an additional 4,948 shares during the period. MUFG Americas Holdings Corp raised its stake in shares of Atlassian Corporation PLC by 144.4% in the first quarter. MUFG Americas Holdings Corp now owns 21,650 shares of the technology company’s stock valued at $648,000 after buying an additional 12,790 shares during the period. Finally, Teachers Advisors LLC raised its stake in shares of Atlassian Corporation PLC by 12.8% in the fourth quarter. Teachers Advisors LLC now owns 24,270 shares of the technology company’s stock valued at $584,000 after buying an additional 2,755 shares during the period. 81.51% of the stock is owned by hedge funds and other institutional investors.

Shares of Atlassian Corporation PLC (NASDAQ TEAM) traded up 1.96% on Friday, reaching $35.46. The company had a trading volume of 421,775 shares. The firm’s market capitalization is $8.01 billion. Atlassian Corporation PLC has a 52 week low of $23.80 and a 52 week high of $39.25. The stock’s 50 day moving average is $35.76 and its 200 day moving average is $32.85.

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Several equities research analysts have issued reports on the company. Zacks Investment Research lowered Atlassian Corporation PLC from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Cowen and Company reiterated a “buy” rating and issued a $43.00 price objective on shares of Atlassian Corporation PLC in a report on Friday, July 28th. BMO Capital Markets reiterated a “market perform” rating and issued a $42.00 price objective (up previously from $40.00) on shares of Atlassian Corporation PLC in a report on Wednesday, July 26th. BTIG Research reiterated a “neutral” rating on shares of Atlassian Corporation PLC in a report on Monday, April 24th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $40.00 price objective on shares of Atlassian Corporation PLC in a report on Friday, April 28th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Atlassian Corporation PLC presently has an average rating of “Buy” and an average price target of $38.73.

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.

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

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