Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 3.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 79,001 shares of the technology company’s stock after acquiring an additional 2,500 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Atlassian Corporation PLC were worth $2,776,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its position in Atlassian Corporation PLC by 0.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 5,549 shares of the technology company’s stock valued at $196,000 after acquiring an additional 46 shares in the last quarter. Macquarie Group Ltd. boosted its position in Atlassian Corporation PLC by 0.8% during the 2nd quarter. Macquarie Group Ltd. now owns 49,354 shares of the technology company’s stock valued at $1,736,000 after acquiring an additional 375 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Atlassian Corporation PLC by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 55,951 shares of the technology company’s stock valued at $1,676,000 after acquiring an additional 480 shares in the last quarter. BlueCrest Capital Management Ltd boosted its position in Atlassian Corporation PLC by 10.0% during 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 in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in Atlassian Corporation PLC by 2.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 84,266 shares of the technology company’s stock valued at $2,964,000 after acquiring an additional 1,685 shares in the last quarter. 77.79% of the stock is currently owned by institutional investors and hedge funds.

Atlassian Corporation PLC (NASDAQ:TEAM) last released its quarterly earnings data on Thursday, October 19th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.17. Atlassian Corporation PLC had a negative net margin of 7.96% and a negative return on equity of 2.11%. The firm had revenue of $193.80 million for the quarter, compared to the consensus estimate of $185.78 million. During the same period last year, the firm earned $0.10 earnings per share. The company’s quarterly revenue was up 41.7% on a year-over-year basis.

TEAM has been the topic of several research reports. BMO Capital Markets lifted their price objective on Atlassian Corporation PLC from $33.00 to $40.00 and gave the company a “market perform” rating in a research report on Friday, July 7th. Zacks Investment Research raised Atlassian Corporation PLC from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Friday, July 14th. Morgan Stanley raised Atlassian Corporation PLC from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $35.00 to $45.00 in a research report on Tuesday, July 25th. Cowen and Company reaffirmed a “buy” rating and set a $43.00 price objective on shares of Atlassian Corporation PLC in a research report on Friday, July 28th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Atlassian Corporation PLC in a research report on Tuesday, August 15th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $49.20.

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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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