Atlassian Corporation PLC (NASDAQ:TEAM)‘s stock had its “sector weight” rating reaffirmed by investment analysts at KeyCorp in a research report issued to clients and investors on Monday.

Other analysts have also recently issued reports about the company. BTIG Research reissued a “neutral” rating on shares of Atlassian Corporation PLC in a report on Tuesday, August 15th. ValuEngine raised Atlassian Corporation PLC from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Cowen and Company reissued a “buy” rating and set a $43.00 price objective on shares of Atlassian Corporation PLC in a report on Friday, July 28th. Zacks Investment Research cut Atlassian Corporation PLC from a “buy” rating to a “hold” rating in a report on Saturday, July 15th. Finally, Robert W. Baird reissued a “buy” rating and set a $43.00 price objective on shares of Atlassian Corporation PLC in a report on Thursday, September 14th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $40.50.

Atlassian Corporation PLC (NASDAQ:TEAM) opened at 36.42 on Monday. Atlassian Corporation PLC has a 1-year low of $23.80 and a 1-year high of $39.25. The firm’s market cap is $8.28 billion. The firm’s 50-day moving average is $35.42 and its 200 day moving average is $34.21.

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Several hedge funds have recently made changes to their positions in the company. Lord Abbett & CO. LLC bought a new stake in shares of Atlassian Corporation PLC in the 2nd quarter valued at about $12,263,000. Public Employees Retirement System of Ohio increased its stake in shares of Atlassian Corporation PLC by 542.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 28,296 shares of the technology company’s stock valued at $995,000 after acquiring an additional 23,891 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Atlassian Corporation PLC by 151.7% in the 2nd quarter. California State Teachers Retirement System now owns 130,281 shares of the technology company’s stock valued at $4,583,000 after acquiring an additional 78,525 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Atlassian Corporation PLC by 895.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,166 shares of the technology company’s stock valued at $111,000 after acquiring an additional 2,848 shares during the last quarter. Finally, BlueCrest Capital Management Ltd increased its stake in shares of Atlassian Corporation PLC by 10.0% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 8,133 shares of the technology company’s stock valued at $286,000 after acquiring an additional 741 shares during the last quarter. 78.57% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Atlassian Corporation PLC (NASDAQ:TEAM)

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