Robert W. Baird reiterated their buy rating on shares of Atlassian Corporation PLC (NASDAQ:TEAM) in a research note released on Thursday morning. Robert W. Baird currently has a $43.00 target price on the technology company’s stock.

Several other brokerages also recently commented on TEAM. Zacks Investment Research raised Atlassian Corporation PLC from a hold rating to a buy rating and set a $41.00 price objective for the company in a research note on Friday, July 14th. Morgan Stanley raised Atlassian Corporation PLC from an equal weight rating to an overweight rating and increased their price objective for the stock from $35.00 to $45.00 in a research note on Tuesday, July 25th. Jefferies Group LLC reissued a buy rating and issued a $41.00 price objective on shares of Atlassian Corporation PLC in a research note on Friday, June 2nd. Cowen and Company reissued a buy rating and issued a $43.00 price objective on shares of Atlassian Corporation PLC in a research note on Friday, July 28th. Finally, BMO Capital Markets increased their price objective on Atlassian Corporation PLC from $33.00 to $40.00 and gave the stock a market perform rating in a research note on Friday, July 7th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $40.10.

Atlassian Corporation PLC (NASDAQ TEAM) opened at 34.90 on Thursday. The firm has a 50-day moving average price of $35.90 and a 200-day moving average price of $33.68. Atlassian Corporation PLC has a 1-year low of $23.80 and a 1-year high of $39.25. The company’s market capitalization is $7.88 billion.

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Several institutional investors and hedge funds have recently modified their holdings of the stock. Lord Abbett & CO. LLC purchased a new stake in shares of Atlassian Corporation PLC during the second quarter valued at approximately $12,263,000. Public Employees Retirement System of Ohio increased its position in shares of Atlassian Corporation PLC by 542.4% during the second quarter. Public Employees Retirement System of Ohio now owns 28,296 shares of the technology company’s stock valued at $995,000 after acquiring an additional 23,891 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Atlassian Corporation PLC by 151.7% during the second quarter. California State Teachers Retirement System now owns 130,281 shares of the technology company’s stock valued at $4,583,000 after acquiring an additional 78,525 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Atlassian Corporation PLC by 895.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,166 shares of the technology company’s stock valued at $111,000 after acquiring an additional 2,848 shares during the last quarter. Finally, BlueCrest Capital Management Ltd increased its position in shares of Atlassian Corporation PLC by 10.0% during the second quarter. BlueCrest Capital Management Ltd now owns 8,133 shares of the technology company’s stock valued at $286,000 after acquiring an additional 741 shares during the last quarter. 82.48% of the stock is owned by institutional investors.

Atlassian Corporation PLC Company Profile

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.

Analyst Recommendations for Atlassian Corporation PLC (NASDAQ:TEAM)

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