BNP Paribas Arbitrage SA raised its holdings in Atlassian Co. PLC (NASDAQ:TEAM) by 653.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,629 shares of the technology company’s stock after buying an additional 8,351 shares during the period. BNP Paribas Arbitrage SA’s holdings in Atlassian were worth $338,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its stake in shares of Atlassian 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 in the last quarter. Macquarie Group Ltd. lifted its stake in shares of Atlassian by 0.8% in the second quarter. Macquarie Group Ltd. now owns 49,354 shares of the technology company’s stock valued at $1,736,000 after buying an additional 375 shares in the last quarter. BlueCrest Capital Management Ltd lifted its stake in shares of Atlassian by 10.0% in the second quarter. BlueCrest Capital Management Ltd now owns 8,133 shares of the technology company’s stock valued at $286,000 after buying an additional 741 shares in the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of Atlassian by 2.0% in the second quarter. UBS Asset Management Americas Inc. now owns 84,266 shares of the technology company’s stock valued at $2,964,000 after buying an additional 1,685 shares in the last quarter. Finally, AHL Partners LLP lifted its stake in shares of Atlassian by 1.9% in the second quarter. AHL Partners LLP now owns 106,616 shares of the technology company’s stock valued at $3,751,000 after buying an additional 1,964 shares in the last quarter. 80.99% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have weighed in on TEAM. KeyCorp reaffirmed a “sector weight” rating on shares of Atlassian in a research note on Monday, September 18th. Summit Redstone reissued a “buy” rating on shares of Atlassian in a research report on Thursday, October 19th. BTIG Research reissued a “neutral” rating on shares of Atlassian in a research report on Tuesday, August 15th. Canaccord Genuity reissued a “buy” rating and set a $52.00 price target (up from $44.00) on shares of Atlassian in a research report on Friday, October 20th. Finally, JMP Securities raised their price target on shares of Atlassian from $41.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $49.20.

Atlassian Co. PLC (NASDAQ TEAM) opened at $47.11 on Tuesday. Atlassian Co. PLC has a 12-month low of $23.80 and a 12-month high of $53.45.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings results on Thursday, October 19th. The technology company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.17. Atlassian had a negative net margin of 7.96% and a negative return on equity of 2.11%. The company had revenue of $193.80 million for the quarter, compared to analyst estimates of $185.78 million. During the same period last year, the firm earned $0.10 earnings per share. The firm’s revenue was up 41.7% on a year-over-year basis. sell-side analysts forecast that Atlassian Co. PLC will post -0.13 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This report was published by Watch List News and is owned by of Watch List News. If you are reading this report on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The correct version of this report can be viewed at https://www.watchlistnews.com/bnp-paribas-arbitrage-sa-acquires-8351-shares-of-atlassian-co-plc-team/1758826.html.

Atlassian Profile

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 (NASDAQ:TEAM)

Receive News & Ratings for Atlassian Co. PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlassian Co. PLC and related companies with MarketBeat.com's FREE daily email newsletter.