Neuberger Berman Group LLC decreased its position in shares of Atlassian Co. PLC (NASDAQ:TEAM) by 13.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 786,405 shares of the technology company’s stock after selling 126,877 shares during the quarter. Neuberger Berman Group LLC owned 0.61% of Atlassian worth $141,764,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of TEAM. BDO Wealth Advisors LLC acquired a new stake in shares of Atlassian in the 1st quarter valued at $28,000. Duncker Streett & Co. Inc. acquired a new stake in shares of Atlassian during the 2nd quarter valued at $50,000. Glenmede Trust Co. NA grew its position in Atlassian by 49.1% during the 2nd quarter. Glenmede Trust Co. NA now owns 349 shares of the technology company’s stock worth $62,000 after acquiring an additional 115 shares during the last quarter. Carroll Financial Associates Inc. increased its holdings in Atlassian by 22.3% in the 2nd quarter. Carroll Financial Associates Inc. now owns 367 shares of the technology company’s stock worth $66,000 after purchasing an additional 67 shares in the last quarter. Finally, HWG Holdings LP acquired a new stake in shares of Atlassian during the second quarter valued at about $107,000. Institutional investors own 90.42% of the company’s stock.

Shares of TEAM traded down $0.01 on Wednesday, reaching $171.01. The stock had a trading volume of 32,701 shares, compared to its average volume of 1,903,236. Atlassian Co. PLC has a 12-month low of $107.00 and a 12-month high of $199.50. The firm has a market capitalization of $21.92 billion, a price-to-earnings ratio of -119.24, a price-to-earnings-growth ratio of 48.31 and a beta of 0.96. The company has a 50-day simple moving average of $174.67 and a 200-day simple moving average of $165.65.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Thursday, July 30th. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.32. Atlassian had a negative net margin of 21.72% and a positive return on equity of 2.15%. The company had revenue of $430.48 million during the quarter, compared to analysts’ expectations of $408.86 million. As a group, sell-side analysts predict that Atlassian Co. PLC will post 0.14 earnings per share for the current fiscal year.

Several equities analysts have issued reports on TEAM shares. Mizuho raised their price target on shares of Atlassian from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Piper Sandler initiated coverage on shares of Atlassian in a report on Tuesday. They set an “overweight” rating and a $212.00 price target for the company. Morgan Stanley increased their price objective on shares of Atlassian from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Goldman Sachs Group upped their target price on shares of Atlassian from $194.00 to $219.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. They noted that the move was a valuation call. Finally, Jefferies Financial Group upped their price objective on shares of Atlassian from $145.00 to $175.00 and gave the stock a “hold” rating in a research report on Monday, July 20th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $183.06.

Atlassian Profile

Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. It provides project tracking, content creation and sharing, and service management products. The company's products include JIRA, a workflow management system that enables teams to plan, organize, track, and manage their work and projects; Confluence, a content collaboration platform that is used to create, share, organize, and discuss projects; and Trello, a Web-based project management application for capturing and adding structure to fluid, fast-forming work for teams.

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Institutional Ownership by Quarter for Atlassian (NASDAQ:TEAM)

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