Clinton Group Inc. trimmed its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 63.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,154 shares of the technology company’s stock after selling 22,864 shares during the quarter. Clinton Group Inc.’s holdings in Atlassian Corporation PLC were worth $463,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. PDT Partners LLC purchased a new stake in shares of Atlassian Corporation PLC during the 2nd quarter valued at about $10,159,000. Voya Investment Management LLC raised its position in shares of Atlassian Corporation PLC by 166.3% during the 2nd quarter. Voya Investment Management LLC now owns 28,189 shares of the technology company’s stock valued at $992,000 after buying an additional 17,604 shares in the last quarter. Virtu KCG Holdings LLC purchased a new stake in shares of Atlassian Corporation PLC during the 2nd quarter valued at about $287,000. Renaissance Technologies LLC raised its position in shares of Atlassian Corporation PLC by 25.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,063,800 shares of the technology company’s stock valued at $37,424,000 after buying an additional 219,000 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in shares of Atlassian Corporation PLC by 60.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 154,396 shares of the technology company’s stock valued at $5,432,000 after buying an additional 58,262 shares in the last quarter. Hedge funds and other institutional investors own 78.57% of the company’s stock.

Atlassian Corporation PLC (NASDAQ TEAM) opened at 38.67 on Friday. Atlassian Corporation PLC has a 52 week low of $23.80 and a 52 week high of $39.25. The firm has a 50-day moving average of $35.48 and a 200-day moving average of $34.78. The company’s market capitalization is $8.79 billion.

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Several brokerages have recently issued reports on TEAM. Robert W. Baird set a $43.00 target price on shares of Atlassian Corporation PLC and gave the company a “buy” rating in a research report on Friday. BMO Capital Markets restated a “market perform” rating and set a $42.00 target price (up from $40.00) on shares of Atlassian Corporation PLC in a research report on Wednesday, July 26th. Cowen and Company restated a “buy” rating and set a $43.00 target price on shares of Atlassian Corporation PLC in a research report on Friday, July 28th. Zacks Investment Research upgraded shares of Atlassian Corporation PLC from a “hold” rating to a “strong-buy” rating and set a $45.00 target price on the stock in a research report on Friday, July 28th. Finally, Canaccord Genuity restated a “buy” rating and set a $44.00 target price on shares of Atlassian Corporation PLC in a research report on Friday, September 15th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $40.50.

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.

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

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