Atlassian (NASDAQ:TEAM) Given a $150.00 Price Target by KeyCorp Analysts
KeyCorp set a $150.00 target price on Atlassian (NASDAQ:TEAM) in a report published on Friday morning, TipRanks reports. The firm currently has a buy rating on the technology company’s stock.
TEAM has been the subject of a number of other research reports. Robert W. Baird upped their price objective on Atlassian from $120.00 to $150.00 and gave the company an outperform rating in a research report on Friday, July 26th. ValuEngine cut Atlassian from a buy rating to a hold rating in a research report on Wednesday, October 2nd. Cowen set a $152.00 price objective on Atlassian and gave the company a buy rating in a research report on Friday, July 26th. BidaskClub cut Atlassian from a buy rating to a hold rating in a research report on Saturday. Finally, Bank of America reiterated a neutral rating and set a $147.00 price objective (up previously from $138.00) on shares of Atlassian in a research report on Friday, July 26th. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $141.44.
Atlassian stock opened at $116.30 on Friday. The stock has a market cap of $14.49 billion, a PE ratio of -684.12, a price-to-earnings-growth ratio of 88.84 and a beta of 1.31. Atlassian has a one year low of $65.17 and a one year high of $149.80. The stock has a fifty day moving average of $127.96 and a 200 day moving average of $128.44.
A number of large investors have recently added to or reduced their stakes in TEAM. Amundi Pioneer Asset Management Inc. grew its holdings in Atlassian by 3.3% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 119,445 shares of the technology company’s stock valued at $13,425,000 after purchasing an additional 3,812 shares during the period. Carroll Financial Associates Inc. boosted its stake in shares of Atlassian by 1,301.2% in the second quarter. Carroll Financial Associates Inc. now owns 2,368 shares of the technology company’s stock worth $309,000 after acquiring an additional 2,199 shares during the period. Boston Private Wealth LLC bought a new position in shares of Atlassian in the second quarter worth about $235,000. Harbour Capital Advisors LLC bought a new position in shares of Atlassian in the second quarter worth about $394,000. Finally, Xact Kapitalforvaltning AB boosted its stake in shares of Atlassian by 130.0% in the second quarter. Xact Kapitalforvaltning AB now owns 20,926 shares of the technology company’s stock worth $2,738,000 after acquiring an additional 11,826 shares during the period. 87.18% of the stock is owned by institutional investors and hedge funds.
Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. It provides project tracking, content creation and sharing, and service management products. The company's products include JIRA, a workflow management system that enables teams to plan, organize, track, and manage their work and projects; Confluence, a content collaboration platform that is used to create, share, organize, and discuss projects; and Trello, a Web-based project management application for capturing and adding structure to fluid, fast-forming work for teams.
Featured Story: Hedge Funds Explained
Receive News & Ratings for Atlassian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlassian and related companies with MarketBeat.com's FREE daily email newsletter.