Natixis Advisors LLC Has $17.19 Million Stock Position in Atlassian Co. (NASDAQ:TEAM)

Natixis Advisors LLC decreased its holdings in shares of Atlassian Co. (NASDAQ:TEAM - Free Report) by 10.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,237 shares of the technology company's stock after selling 13,085 shares during the quarter. Natixis Advisors LLC's holdings in Atlassian were worth $17,189,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TEAM. Asset Dedication LLC boosted its stake in shares of Atlassian by 229.8% during the 2nd quarter. Asset Dedication LLC now owns 155 shares of the technology company's stock valued at $27,000 after buying an additional 108 shares during the period. Trust Co. of Vermont boosted its position in Atlassian by 2,175.0% in the second quarter. Trust Co. of Vermont now owns 182 shares of the technology company's stock valued at $32,000 after buying an additional 174 shares in the last quarter. Rothschild Investment LLC acquired a new position in Atlassian in the second quarter valued at about $36,000. GAMMA Investing LLC lifted its position in shares of Atlassian by 68.6% during the third quarter. GAMMA Investing LLC now owns 236 shares of the technology company's stock worth $37,000 after purchasing an additional 96 shares in the last quarter. Finally, Crewe Advisors LLC acquired a new position in shares of Atlassian during the first quarter worth approximately $43,000. Institutional investors and hedge funds own 93.03% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Canaccord Genuity Group upped their target price on shares of Atlassian from $225.00 to $255.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Jefferies Financial Group increased their price target on shares of Atlassian from $280.00 to $300.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Oppenheimer raised their target price on shares of Atlassian from $230.00 to $270.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Robert W. Baird lifted their price objective on shares of Atlassian from $175.00 to $200.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Finally, Mizuho boosted their target price on shares of Atlassian from $200.00 to $240.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Nine analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $244.21.

Insider Buying and Selling at Atlassian

In related news, CEO Scott Farquhar sold 7,948 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $164.81, for a total value of $1,309,909.88. Following the completion of the sale, the chief executive officer now owns 182,804 shares in the company, valued at approximately $30,127,927.24. This trade represents a 4.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Gene Liu sold 785 shares of the firm's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $240.00, for a total transaction of $188,400.00. Following the transaction, the chief accounting officer now owns 57,938 shares of the company's stock, valued at approximately $13,905,120. This represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 246,248 shares of company stock valued at $46,207,176. 38.55% of the stock is owned by corporate insiders.

Atlassian Price Performance

Shares of TEAM traded down $5.23 during mid-day trading on Wednesday, hitting $242.50. The company's stock had a trading volume of 648,661 shares, compared to its average volume of 1,864,504. The firm has a 50-day simple moving average of $191.18 and a 200 day simple moving average of $175.45. The firm has a market capitalization of $63.15 billion, a P/E ratio of -162.98 and a beta of 0.71. Atlassian Co. has a 1-year low of $135.29 and a 1-year high of $258.69. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.96.

Atlassian (NASDAQ:TEAM - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The technology company reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.13. Atlassian had a negative return on equity of 23.35% and a negative net margin of 8.59%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the business earned ($0.07) earnings per share. The firm's quarterly revenue was up 21.5% compared to the same quarter last year. Analysts predict that Atlassian Co. will post -0.56 EPS for the current fiscal 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.