Paulson & CO. Inc. lifted its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 152.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 397,900 shares of the technology company’s stock after purchasing an additional 240,485 shares during the quarter. Paulson & CO. Inc. owned 0.18% of Atlassian Corporation PLC worth $13,998,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Russell Investments Group Ltd. increased its holdings in shares of Atlassian Corporation PLC by 0.8% during the second quarter. Russell Investments Group Ltd. now owns 5,549 shares of the technology company’s stock worth $196,000 after purchasing an additional 46 shares during the period. Macquarie Group Ltd. increased its holdings in shares of Atlassian Corporation PLC by 0.8% during the second quarter. Macquarie Group Ltd. now owns 49,354 shares of the technology company’s stock worth $1,736,000 after purchasing an additional 375 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Atlassian Corporation PLC by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 55,951 shares of the technology company’s stock worth $1,676,000 after purchasing an additional 480 shares during the period. BlueCrest Capital Management Ltd increased its holdings in shares of Atlassian Corporation PLC by 10.0% during the second quarter. BlueCrest Capital Management Ltd now owns 8,133 shares of the technology company’s stock worth $286,000 after purchasing an additional 741 shares during the period. Finally, UBS Asset Management Americas Inc. increased its holdings in shares of Atlassian Corporation PLC by 2.0% during the second quarter. UBS Asset Management Americas Inc. now owns 84,266 shares of the technology company’s stock worth $2,964,000 after purchasing an additional 1,685 shares during the period. 78.57% of the stock is currently owned by institutional investors.

Shares of Atlassian Corporation PLC (NASDAQ:TEAM) traded down 0.28% on Tuesday, reaching $39.44. 265,921 shares of the company were exchanged. The stock’s market capitalization is $8.96 billion. Atlassian Corporation PLC has a 12-month low of $23.80 and a 12-month high of $40.95. The firm has a 50 day moving average price of $36.10 and a 200-day moving average price of $35.24.

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TEAM has been the topic of several recent research reports. Zacks Investment Research raised shares of Atlassian Corporation PLC from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Friday, July 14th. Morgan Stanley raised shares of Atlassian Corporation PLC from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $35.00 to $45.00 in a report on Tuesday, July 25th. Robert W. Baird set a $43.00 target price on shares of Atlassian Corporation PLC and gave the stock a “buy” rating in a report on Friday, October 6th. Canaccord Genuity reaffirmed a “buy” rating and set a $44.00 target price on shares of Atlassian Corporation PLC in a report on Friday, September 15th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Atlassian Corporation PLC in a report on Monday, September 18th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Atlassian Corporation PLC has a consensus rating of “Buy” and a consensus target price of $40.50.

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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