First Trust Advisors LP bought a new position in Atlassian Corporation PLC (NASDAQ:TEAM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 195,922 shares of the technology company’s stock, valued at approximately $6,893,000. First Trust Advisors LP owned about 0.09% of Atlassian Corporation PLC as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. increased its stake in shares of Atlassian Corporation PLC by 0.8% in the second quarter. Russell Investments Group Ltd. now owns 5,549 shares of the technology company’s stock worth $196,000 after buying an additional 46 shares during the period. Teza Capital Management LLC bought a new stake in shares of Atlassian Corporation PLC during the first quarter worth about $215,000. BlueCrest Capital Management Ltd bought a new stake in shares of Atlassian Corporation PLC during the first quarter worth about $221,000. Thompson Davis & CO. Inc. increased its stake in shares of Atlassian Corporation PLC by 25.3% in the first quarter. Thompson Davis & CO. Inc. now owns 8,050 shares of the technology company’s stock worth $241,000 after buying an additional 1,625 shares during the period. Finally, US Bancorp DE increased its stake in shares of Atlassian Corporation PLC by 132.9% in the first quarter. US Bancorp DE now owns 8,671 shares of the technology company’s stock worth $260,000 after buying an additional 4,948 shares during the period. 82.48% of the stock is owned by institutional investors and hedge funds.

Shares of Atlassian Corporation PLC (NASDAQ:TEAM) opened at 34.68 on Tuesday. The firm’s market capitalization is $7.83 billion. Atlassian Corporation PLC has a 12 month low of $23.80 and a 12 month high of $39.25. The company’s 50 day moving average price is $35.97 and its 200-day moving average price is $33.44.

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A number of brokerages have issued reports on TEAM. BTIG Research reaffirmed a “neutral” rating on shares of Atlassian Corporation PLC in a research note on Tuesday, August 15th. ValuEngine raised Atlassian Corporation PLC from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research downgraded Atlassian Corporation PLC from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 3rd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $42.00 target price (up from $40.00) on shares of Atlassian Corporation PLC in a research note on Wednesday, July 26th. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $40.00 target price (up from $35.00) on shares of Atlassian Corporation PLC in a research note on Monday, May 1st. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $39.10.

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.

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

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