Atlassian Co. (NASDAQ:TEAM) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in Atlassian Co. (NASDAQ:TEAM - Free Report) by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,412,954 shares of the technology company's stock after acquiring an additional 14,698 shares during the period. Vanguard Group Inc. owned 6.26% of Atlassian worth $3,994,585,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new stake in Atlassian during the 3rd quarter valued at $606,000. Fulton Bank N.A. bought a new position in Atlassian during the fourth quarter valued at $447,000. Paloma Partners Management Co purchased a new stake in shares of Atlassian in the third quarter valued at $1,588,000. Allworth Financial LP lifted its holdings in shares of Atlassian by 3.1% in the 4th quarter. Allworth Financial LP now owns 1,548 shares of the technology company's stock worth $404,000 after acquiring an additional 47 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Atlassian by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 583,579 shares of the technology company's stock worth $92,678,000 after purchasing an additional 12,422 shares during the period. Hedge funds and other institutional investors own 94.45% of the company's stock.

Atlassian Stock Down 2.1 %

Shares of NASDAQ:TEAM traded down $4.65 during trading on Friday, reaching $217.99. The stock had a trading volume of 2,418,163 shares, compared to its average volume of 1,976,725. The company has a market capitalization of $57.11 billion, a P/E ratio of -162.68 and a beta of 0.91. Atlassian Co. has a one year low of $135.29 and a one year high of $326.00. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.81. The firm's 50-day simple moving average is $269.28 and its 200 day simple moving average is $238.07.

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Atlassian (NASDAQ:TEAM - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The technology company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.73 by ($0.85). Atlassian had a negative return on equity of 17.37% and a negative net margin of 7.22%. As a group, research analysts expect that Atlassian Co. will post -0.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. BMO Capital Markets raised shares of Atlassian from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $255.00 to $292.00 in a research note on Friday, January 10th. StockNews.com raised Atlassian from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Scotiabank upped their price objective on Atlassian from $250.00 to $330.00 and gave the company a "sector perform" rating in a research report on Friday, January 31st. Macquarie lifted their target price on Atlassian from $290.00 to $317.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Finally, Barclays upped their price target on shares of Atlassian from $275.00 to $350.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $316.77.

Insider Transactions at Atlassian

In other news, CEO Michael Cannon-Brookes sold 15,896 shares of Atlassian stock in a transaction on Friday, January 10th. The shares were sold at an average price of $243.55, for a total transaction of $3,871,470.80. Following the completion of the sale, the chief executive officer now directly owns 429,192 shares in the company, valued at approximately $104,529,711.60. The trade was a 3.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Anutthara Bharadwaj sold 1,520 shares of the company's stock in a transaction on Friday, January 17th. The shares were sold at an average price of $259.85, for a total value of $394,972.00. Following the completion of the transaction, the president now directly owns 210,471 shares in the company, valued at approximately $54,690,889.35. The trade was a 0.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 263,033 shares of company stock worth $70,644,164. Insiders own 38.55% of the company's stock.

Atlassian Profile

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.