KeyCorp reissued their sector weight rating on shares of Atlassian Corporation PLC (NASDAQ:TEAM) in a research report released on Monday morning, Marketbeat reports.

A number of other analysts have also recently commented on TEAM. Canaccord Genuity restated a buy rating and set a $44.00 target price on shares of Atlassian Corporation PLC in a report on Friday, September 15th. BTIG Research restated a neutral rating on shares of Atlassian Corporation PLC in a report on Tuesday, August 15th. Oppenheimer Holdings, Inc. restated a buy rating on shares of Atlassian Corporation PLC in a report on Friday, September 8th. Robert W. Baird restated a buy rating and set a $43.00 target price on shares of Atlassian Corporation PLC in a report on Thursday, August 31st. Finally, Zacks Investment Research cut shares of Atlassian Corporation PLC from a strong-buy rating to a hold rating in a report on Thursday, August 3rd. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $40.50.

Atlassian Corporation PLC (NASDAQ:TEAM) opened at 35.16 on Monday. The firm has a 50 day moving average of $35.42 and a 200-day moving average of $34.21. The company’s market capitalization is $7.99 billion. Atlassian Corporation PLC has a 1-year low of $23.80 and a 1-year high of $39.25.

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A number of institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. boosted its stake in Atlassian Corporation PLC by 0.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 5,549 shares of the technology company’s stock worth $196,000 after purchasing an additional 46 shares in the last quarter. Macquarie Group Ltd. boosted its stake in Atlassian Corporation PLC by 0.8% in the 2nd quarter. Macquarie Group Ltd. now owns 49,354 shares of the technology company’s stock worth $1,736,000 after purchasing an additional 375 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Atlassian Corporation PLC by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 55,951 shares of the technology company’s stock worth $1,676,000 after purchasing an additional 480 shares in the last quarter. BlueCrest Capital Management Ltd boosted its stake in Atlassian Corporation PLC by 10.0% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 8,133 shares of the technology company’s stock worth $286,000 after purchasing an additional 741 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in Atlassian Corporation PLC by 2.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 84,266 shares of the technology company’s stock worth $2,964,000 after purchasing an additional 1,685 shares in the last quarter. Institutional investors own 78.57% of the company’s stock.

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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