Atlassian Co. (NASDAQ:TEAM) Stock Holdings Trimmed by Capital International Inc. CA

Capital International Inc. CA decreased its holdings in Atlassian Co. (NASDAQ:TEAM - Free Report) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 152,203 shares of the technology company's stock after selling 3,736 shares during the quarter. Capital International Inc. CA owned approximately 0.06% of Atlassian worth $37,043,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in Atlassian by 72.9% during the fourth quarter. JPMorgan Chase & Co. now owns 4,284,400 shares of the technology company's stock worth $1,042,737,000 after purchasing an additional 1,806,042 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of Atlassian during the 4th quarter worth $687,486,000. Invesco Ltd. raised its position in shares of Atlassian by 265.9% in the 4th quarter. Invesco Ltd. now owns 2,445,440 shares of the technology company's stock worth $595,171,000 after buying an additional 1,777,179 shares during the period. Geode Capital Management LLC boosted its holdings in Atlassian by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 2,177,813 shares of the technology company's stock valued at $528,851,000 after acquiring an additional 27,899 shares during the last quarter. Finally, Norges Bank purchased a new stake in Atlassian during the fourth quarter valued at about $296,697,000. Institutional investors and hedge funds own 94.45% of the company's stock.

Atlassian Stock Performance

Shares of TEAM traded up $16.88 during mid-day trading on Thursday, hitting $225.15. The stock had a trading volume of 1,891,644 shares, compared to its average volume of 2,054,231. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.81. The company has a market cap of $58.99 billion, a PE ratio of -168.45 and a beta of 1.07. Atlassian Co. has a fifty-two week low of $135.29 and a fifty-two week high of $326.00. The company's fifty day simple moving average is $232.75 and its two-hundred day simple moving average is $242.92.

Atlassian (NASDAQ:TEAM - Get Free Report) last released its earnings results on Thursday, January 30th. The technology company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.85). Atlassian had a negative net margin of 7.22% and a negative return on equity of 17.37%. On average, equities analysts expect that Atlassian Co. will post -0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TEAM. Mizuho lifted their price objective on Atlassian from $285.00 to $355.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Scotiabank boosted their price objective on shares of Atlassian from $250.00 to $330.00 and gave the stock a "sector perform" rating in a research note on Friday, January 31st. Cantor Fitzgerald raised shares of Atlassian from a "neutral" rating to an "overweight" rating and cut their target price for the company from $304.00 to $272.00 in a research note on Wednesday, April 2nd. Jefferies Financial Group reduced their target price on shares of Atlassian from $330.00 to $262.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Finally, JMP Securities reiterated a "market perform" rating on shares of Atlassian in a report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $297.73.

Insiders Place Their Bets

In related news, Director Scott Farquhar sold 7,948 shares of the business's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $185.61, for a total transaction of $1,475,228.28. Following the completion of the transaction, the director now owns 333,816 shares in the company, valued at $61,959,587.76. The trade was a 2.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Anutthara Bharadwaj sold 1,723 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $305.84, for a total value of $526,962.32. Following the completion of the sale, the president now directly owns 199,934 shares in the company, valued at $61,147,814.56. This represents a 0.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 253,565 shares of company stock valued at $64,512,723 over the last quarter. Insiders own 38.55% of the company's stock.

About Atlassian

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.