TD Asset Management Inc. decreased its stake in Atlassian Corporation PLC (NASDAQ:TEAM) by 8.6% during the second quarter, Holdings Channel reports. The institutional investor owned 276,365 shares of the technology company’s stock after selling 26,100 shares during the period. TD Asset Management Inc.’s holdings in Atlassian Corporation PLC were worth $9,723,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Daiwa Securities Group Inc. acquired a new position in shares of Atlassian Corporation PLC during the first quarter worth $1,718,000. Janus Capital Management LLC increased its position in shares of Atlassian Corporation PLC by 2.8% in the first quarter. Janus Capital Management LLC now owns 7,110,873 shares of the technology company’s stock worth $212,971,000 after buying an additional 191,710 shares during the period. Nationwide Fund Advisors increased its position in shares of Atlassian Corporation PLC by 4.6% in the first quarter. Nationwide Fund Advisors now owns 218,980 shares of the technology company’s stock worth $6,558,000 after buying an additional 9,720 shares during the period. Norges Bank acquired a new position in shares of Atlassian Corporation PLC during the fourth quarter worth $10,176,000. Finally, Bank of New York Mellon Corp increased its position in shares of Atlassian Corporation PLC by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 55,951 shares of the technology company’s stock worth $1,676,000 after buying an additional 480 shares during the period. Hedge funds and other institutional investors own 81.51% of the company’s stock.

Shares of Atlassian Corporation PLC (NASDAQ TEAM) opened at 36.37 on Wednesday. The company has a 50-day moving average price of $35.77 and a 200-day moving average price of $33.05. Atlassian Corporation PLC has a 12-month low of $23.80 and a 12-month high of $39.25. The firm’s market capitalization is $8.21 billion.

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A number of equities analysts have weighed in on the company. BMO Capital Markets reissued a “market perform” rating and set a $42.00 price target (up previously from $40.00) on shares of Atlassian Corporation PLC in a research report on Wednesday, July 26th. Zacks Investment Research upgraded Atlassian Corporation PLC from a “hold” rating to a “strong-buy” rating and set a $45.00 price target for the company in a research note on Friday, July 28th. Cowen and Company reiterated a “buy” rating and issued a $43.00 price target on shares of Atlassian Corporation PLC in a research note on Friday, July 28th. ValuEngine upgraded Atlassian Corporation PLC from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Jefferies Group LLC restated a “buy” rating and set a $41.00 target price on shares of Atlassian Corporation PLC in a research note on Friday, June 2nd. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $38.73.

About Atlassian Corporation PLC

Atlassian Corporation Plc is a holding company. The Company offers a range of team collaboration products. The Company offers products, including JIRA, Confluence, HipChat, Bitbucket and JIRA Service Desk, for software developers, information technology (IT) managers and knowledge workers. The Company offers JIRA for team planning and project management; Confluence for team content creation and sharing; HipChat for team real-time messaging and communications; Bitbucket for team code sharing and management, and JIRA Service Desk for team service and support applications.

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Institutional Ownership by Quarter for Atlassian Corporation PLC (NASDAQ:TEAM)

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