Atlassian Co. (NASDAQ:TEAM) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC increased its position in shares of Atlassian Co. (NASDAQ:TEAM - Free Report) by 35.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 146,723 shares of the technology company's stock after buying an additional 38,486 shares during the quarter. Natixis Advisors LLC owned about 0.06% of Atlassian worth $35,709,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TEAM. State Street Corp raised its position in Atlassian by 0.3% in the third quarter. State Street Corp now owns 3,560,381 shares of the technology company's stock valued at $565,424,000 after purchasing an additional 8,957 shares during the period. JPMorgan Chase & Co. raised its position in Atlassian by 5.6% in the third quarter. JPMorgan Chase & Co. now owns 2,478,358 shares of the technology company's stock valued at $393,588,000 after purchasing an additional 131,621 shares during the period. FMR LLC raised its position in Atlassian by 7.4% in the third quarter. FMR LLC now owns 2,182,980 shares of the technology company's stock valued at $346,679,000 after purchasing an additional 150,237 shares during the period. Geode Capital Management LLC raised its position in Atlassian by 2.8% in the third quarter. Geode Capital Management LLC now owns 2,149,914 shares of the technology company's stock valued at $340,453,000 after purchasing an additional 57,911 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Atlassian by 5.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,210,351 shares of the technology company's stock valued at $192,216,000 after purchasing an additional 58,536 shares during the period. Hedge funds and other institutional investors own 94.45% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TEAM. JMP Securities reaffirmed a "market perform" rating on shares of Atlassian in a research report on Friday, January 31st. KeyCorp upped their price objective on Atlassian from $315.00 to $365.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Cantor Fitzgerald upped their price objective on Atlassian from $264.00 to $304.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Canaccord Genuity Group boosted their target price on shares of Atlassian from $255.00 to $285.00 and gave the stock a "buy" rating in a research note on Friday, December 20th. Finally, StockNews.com upgraded shares of Atlassian from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Nine equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $316.77.

Insider Activity

In other news, Director Scott Farquhar sold 7,948 shares of Atlassian stock in a transaction on Friday, January 17th. The stock was sold at an average price of $253.01, for a total value of $2,010,923.48. Following the completion of the sale, the director now owns 389,452 shares of the company's stock, valued at $98,535,250.52. The trade was a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Anutthara Bharadwaj sold 1,520 shares of the business's stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $254.76, for a total transaction of $387,235.20. Following the completion of the sale, the president now owns 211,991 shares of the company's stock, valued at approximately $54,006,827.16. The trade was a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 264,553 shares of company stock worth $71,627,261 over the last ninety days. 38.55% of the stock is currently owned by insiders.

Atlassian Price Performance

Atlassian stock traded down $3.70 during mid-day trading on Thursday, reaching $226.16. The company had a trading volume of 2,271,605 shares, compared to its average volume of 1,943,003. The stock's 50-day simple moving average is $271.91 and its 200-day simple moving average is $235.42. The company has a market capitalization of $59.25 billion, a P/E ratio of -168.77 and a beta of 0.91. Atlassian Co. has a 1 year low of $135.29 and a 1 year high of $326.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.24 and a quick ratio of 1.24.

Atlassian (NASDAQ:TEAM - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The technology company reported ($0.12) EPS 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 predict that Atlassian Co. will post -0.34 EPS for the current year.

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.