Charles Schwab Investment Management Inc. Boosts Stock Holdings in Atlassian Co. (NASDAQ:TEAM)

Charles Schwab Investment Management Inc. grew its position in shares of Atlassian Co. (NASDAQ:TEAMFree Report) by 5.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 518,677 shares of the technology company’s stock after acquiring an additional 25,351 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.20% of Atlassian worth $123,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Peregrine Asset Advisers Inc. purchased a new position in shares of Atlassian in the 4th quarter worth about $1,976,000. Lincoln National Corp boosted its holdings in shares of Atlassian by 8.3% in the 4th quarter. Lincoln National Corp now owns 3,133 shares of the technology company’s stock worth $745,000 after buying an additional 240 shares during the last quarter. Maryland State Retirement & Pension System boosted its holdings in shares of Atlassian by 9.2% in the 4th quarter. Maryland State Retirement & Pension System now owns 12,062 shares of the technology company’s stock worth $2,869,000 after buying an additional 1,013 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Atlassian by 3.5% in the 4th quarter. Private Advisor Group LLC now owns 4,056 shares of the technology company’s stock worth $965,000 after buying an additional 137 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of Atlassian by 12.9% in the 4th quarter. M&T Bank Corp now owns 43,150 shares of the technology company’s stock worth $10,263,000 after buying an additional 4,934 shares during the last quarter. 93.03% of the stock is owned by hedge funds and other institutional investors.

Atlassian Stock Performance

Shares of NASDAQ TEAM opened at $179.75 on Friday. Atlassian Co. has a 12 month low of $132.32 and a 12 month high of $258.69. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.18 and a quick ratio of 1.18. The business has a 50-day moving average of $194.63 and a 200-day moving average of $205.66.

Atlassian (NASDAQ:TEAMGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The technology company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.62 by $0.27. Atlassian had a negative return on equity of 13.95% and a negative net margin of 3.90%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the firm earned ($0.40) earnings per share. Atlassian’s revenue was up 29.9% on a year-over-year basis. As a group, sell-side analysts expect that Atlassian Co. will post -0.29 EPS for the current fiscal year.

Insider Buying and Selling at Atlassian

In other Atlassian news, CEO Scott Farquhar sold 8,241 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $218.32, for a total transaction of $1,799,175.12. Following the transaction, the chief executive officer now directly owns 263,712 shares in the company, valued at $57,573,603.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Atlassian news, CAO Gene Liu sold 582 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $215.00, for a total transaction of $125,130.00. Following the transaction, the chief accounting officer now directly owns 45,865 shares in the company, valued at $9,860,975. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Scott Farquhar sold 8,241 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $218.32, for a total transaction of $1,799,175.12. Following the transaction, the chief executive officer now owns 263,712 shares in the company, valued at $57,573,603.84. The disclosure for this sale can be found here. Insiders have sold 308,691 shares of company stock worth $61,115,840 over the last ninety days. Insiders own 40.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on TEAM shares. Robert W. Baird lowered their price objective on Atlassian from $270.00 to $230.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Truist Financial lowered their price objective on Atlassian from $220.00 to $200.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. Wells Fargo & Company boosted their price objective on Atlassian from $275.00 to $285.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. William Blair restated an “outperform” rating on shares of Atlassian in a research note on Friday, February 2nd. Finally, StockNews.com upgraded Atlassian from a “hold” rating to a “buy” rating in a research note on Monday, April 29th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $223.22.

Get Our Latest Research Report on TEAM

About Atlassian

(Free Report)

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.

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Institutional Ownership by Quarter for Atlassian (NASDAQ:TEAM)

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