State Street Corp grew its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 79.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 995,220 shares of the technology company’s stock after buying an additional 440,847 shares during the period. State Street Corp owned 0.44% of Atlassian Corporation PLC worth $35,012,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in TEAM. Janus Henderson Group PLC bought a new stake in shares of Atlassian Corporation PLC during the 2nd quarter valued at $251,088,000. FMR LLC boosted its holdings in shares of Atlassian Corporation PLC by 148.8% during the 2nd quarter. FMR LLC now owns 5,448,713 shares of the technology company’s stock valued at $191,686,000 after buying an additional 3,258,877 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Atlassian Corporation PLC by 3,340.5% during the 2nd quarter. Wells Fargo & Company MN now owns 365,104 shares of the technology company’s stock valued at $12,844,000 after buying an additional 354,492 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Atlassian Corporation PLC by 160.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 556,767 shares of the technology company’s stock valued at $19,587,000 after buying an additional 343,360 shares in the last quarter. Finally, PDT Partners LLC bought a new stake in shares of Atlassian Corporation PLC during the 2nd quarter valued at $10,159,000. Hedge funds and other institutional investors own 74.32% of the company’s stock.

A number of analysts have recently commented on the stock. Summit Redstone restated a “buy” rating on shares of Atlassian Corporation PLC in a report on Thursday, October 19th. BTIG Research restated a “neutral” rating on shares of Atlassian Corporation PLC in a report on Tuesday, August 15th. Oppenheimer Holdings, Inc. boosted their target price on shares of Atlassian Corporation PLC to $50.00 and gave the company an “outperform” rating in a report on Friday, October 20th. Robert W. Baird restated a “buy” rating and set a $43.00 target price on shares of Atlassian Corporation PLC in a report on Thursday, August 31st. Finally, Zacks Investment Research cut shares of Atlassian Corporation PLC from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 3rd. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $49.20.

Atlassian Corporation PLC (NASDAQ:TEAM) opened at $52.94 on Thursday. Atlassian Corporation PLC has a 52-week low of $23.80 and a 52-week high of $52.49.

Atlassian Corporation PLC (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, October 19th. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.17. Atlassian Corporation PLC had a negative return on equity of 2.11% and a negative net margin of 7.96%. The firm had revenue of $193.80 million during the quarter, compared to analyst estimates of $185.78 million. During the same quarter in the previous year, the firm earned $0.10 EPS. Atlassian Corporation PLC’s quarterly revenue was up 41.7% compared to the same quarter last year. analysts predict that Atlassian Corporation PLC will post -0.13 EPS for the current fiscal year.

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Atlassian Corporation PLC Company 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.

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Institutional Ownership by Quarter for Atlassian Corporation PLC (NASDAQ:TEAM)

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