First Horizon Advisors Inc. trimmed its holdings in shares of Atlassian Co. Plc (NASDAQ:TEAM – Get Rating) by 81.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107 shares of the technology company’s stock after selling 474 shares during the quarter. First Horizon Advisors Inc.’s holdings in Atlassian were worth $40,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of TEAM. Exane Derivatives boosted its stake in Atlassian by 34,700.0% in the fourth quarter. Exane Derivatives now owns 696 shares of the technology company’s stock valued at $265,000 after acquiring an additional 694 shares in the last quarter. United Capital Financial Advisers LLC boosted its holdings in Atlassian by 4.0% in the third quarter. United Capital Financial Advisers LLC now owns 16,626 shares of the technology company’s stock worth $6,508,000 after acquiring an additional 632 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Atlassian during the fourth quarter worth about $12,239,000. Pendal Group Ltd raised its position in shares of Atlassian by 2.6% in the 4th quarter. Pendal Group Ltd now owns 343,850 shares of the technology company’s stock valued at $131,107,000 after purchasing an additional 8,662 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Atlassian in the 4th quarter worth approximately $782,000. 91.33% of the stock is currently owned by institutional investors.
TEAM has been the subject of several research reports. Citigroup initiated coverage on shares of Atlassian in a research note on Tuesday, January 25th. They set a “buy” rating and a $430.00 price objective for the company. StockNews.com began coverage on Atlassian in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research downgraded Atlassian from a “hold” rating to a “strong sell” rating and set a $277.00 target price for the company. in a report on Wednesday, February 2nd. Canaccord Genuity Group cut their price target on shares of Atlassian from $375.00 to $300.00 in a report on Friday, April 29th. Finally, BMO Capital Markets decreased their price objective on shares of Atlassian from $515.00 to $382.00 in a research note on Friday, January 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $400.28.
Atlassian (NASDAQ:TEAM – Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The technology company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.15. The firm had revenue of $740.49 million during the quarter, compared to analyst estimates of $703.87 million. Atlassian had a negative net margin of 27.73% and a negative return on equity of 56.13%. Atlassian’s quarterly revenue was up 30.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.09 earnings per share. As a group, sell-side analysts forecast that Atlassian Co. Plc will post -0.36 EPS for the current year.
About Atlassian (Get Rating)
Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its products include JIRA, a workflow management system for teams to plan, track, collaborate, and manage work, and projects; Jira Service Management, a service desk product for creating and managing service experiences for various service team providers, including IT, legal, and HR teams; Jira Align for enterprise agile planning; Opsgenie, an incident management tool that centralizes alerts and notifies right people at right time; and Statuspage for incident communication.
- Get a free copy of the StockNews.com research report on Atlassian (TEAM)
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