Handelsbanken Fonder AB Raises Stock Position in Atlassian Corporation PLC $TEAM

Handelsbanken Fonder AB boosted its position in Atlassian Corporation PLC (NASDAQ:TEAM) by 31.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,736 shares of the technology company’s stock after purchasing an additional 15,072 shares during the quarter. Handelsbanken Fonder AB’s holdings in Atlassian were worth $12,741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Capco Asset Management LLC bought a new stake in Atlassian during the second quarter valued at $25,000. Smithfield Trust Co boosted its position in shares of Atlassian by 90.7% during the 1st quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock valued at $34,000 after acquiring an additional 78 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Atlassian by 447.2% during the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock worth $42,000 after purchasing an additional 161 shares in the last quarter. State of Wyoming increased its position in shares of Atlassian by 20.3% in the first quarter. State of Wyoming now owns 278 shares of the technology company’s stock worth $59,000 after purchasing an additional 47 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its stake in Atlassian by 40.1% in the second quarter. First Horizon Advisors Inc. now owns 374 shares of the technology company’s stock valued at $76,000 after purchasing an additional 107 shares in the last quarter. 94.45% of the stock is owned by institutional investors.

Insider Activity at Atlassian

In related news, Director Scott Farquhar sold 7,665 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $147.63, for a total value of $1,131,583.95. Following the sale, the director directly owned 206,955 shares of the company’s stock, valued at $30,552,766.65. This trade represents a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Joseph Leo Binz sold 1,710 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $147.46, for a total value of $252,156.60. Following the transaction, the chief financial officer owned 213,241 shares of the company’s stock, valued at approximately $31,444,517.86. This represents a 0.80% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders bought 4,497 shares of company stock valued at $742,375 and sold 565,851 shares valued at $91,545,382. Company insiders own 36.66% of the company’s stock.

Atlassian Price Performance

Shares of Atlassian stock opened at $146.28 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26. Atlassian Corporation PLC has a one year low of $139.70 and a one year high of $326.00. The business’s 50 day simple moving average is $158.53 and its two-hundred day simple moving average is $181.54. The stock has a market capitalization of $38.49 billion, a P/E ratio of -206.03, a price-to-earnings-growth ratio of 34.69 and a beta of 0.95.

Atlassian (NASDAQ:TEAM) last issued its earnings results on Thursday, October 30th. The technology company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.83 by $0.21. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the firm earned $0.77 earnings per share. The firm’s revenue for the quarter was up 20.6% on a year-over-year basis. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Analysts forecast that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Wall Street Analyst Weigh In

TEAM has been the topic of a number of research analyst reports. Sanford C. Bernstein increased their price target on shares of Atlassian from $290.00 to $304.00 and gave the stock an “outperform” rating in a report on Tuesday, November 18th. TD Cowen reduced their price objective on Atlassian from $220.00 to $205.00 and set a “hold” rating on the stock in a research report on Monday, October 27th. BMO Capital Markets boosted their target price on Atlassian from $190.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Robert W. Baird set a $230.00 price target on shares of Atlassian in a research report on Friday, October 31st. Finally, Raymond James Financial decreased their price target on shares of Atlassian from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $240.00.

About Atlassian

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.