New York State Common Retirement Fund Purchases 609 Shares of Atlassian Co. (NASDAQ:TEAM)

New York State Common Retirement Fund lifted its stake in shares of Atlassian Co. (NASDAQ:TEAM) by 0.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 418,411 shares of the technology company’s stock after purchasing an additional 609 shares during the period. New York State Common Retirement Fund owned 0.16% of Atlassian worth $99,523,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in TEAM. Baillie Gifford & Co. lifted its position in shares of Atlassian by 20.7% during the 4th quarter. Baillie Gifford & Co. now owns 8,807,619 shares of the technology company’s stock worth $2,094,980,000 after buying an additional 1,511,318 shares during the last quarter. Morgan Stanley raised its position in shares of Atlassian by 156.8% during the third quarter. Morgan Stanley now owns 1,793,700 shares of the technology company’s stock worth $361,449,000 after acquiring an additional 1,095,297 shares during the last quarter. WCM Investment Management LLC raised its position in shares of Atlassian by 2.7% during the fourth quarter. WCM Investment Management LLC now owns 9,640,536 shares of the technology company’s stock worth $2,325,490,000 after acquiring an additional 249,017 shares during the last quarter. American Century Companies Inc. grew its stake in Atlassian by 58.7% during the third quarter. American Century Companies Inc. now owns 430,112 shares of the technology company’s stock worth $86,672,000 after purchasing an additional 159,102 shares during the period. Finally, Invesco Ltd. grew its stake in Atlassian by 45.8% during the third quarter. Invesco Ltd. now owns 476,920 shares of the technology company’s stock worth $96,104,000 after purchasing an additional 149,850 shares during the period. 93.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Atlassian

In other Atlassian news, CAO Gene Liu sold 227 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $212.87, for a total transaction of $48,321.49. Following the completion of the sale, the chief accounting officer now owns 47,066 shares of the company’s stock, valued at $10,018,939.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Atlassian news, President Anutthara Bharadwaj sold 760 shares of the business’s stock in a transaction on Friday, April 19th. The shares were sold at an average price of $193.63, for a total value of $147,158.80. Following the completion of the transaction, the president now owns 162,610 shares in the company, valued at $31,486,174.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Gene Liu sold 227 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $212.87, for a total transaction of $48,321.49. Following the transaction, the chief accounting officer now owns 47,066 shares of the company’s stock, valued at approximately $10,018,939.42. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 299,690 shares of company stock worth $62,392,994. 40.48% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Truist Financial raised their price objective on Atlassian from $180.00 to $220.00 and gave the company a “hold” rating in a research note on Tuesday, January 16th. Barclays raised Atlassian from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $235.00 to $275.00 in a research note on Thursday, April 11th. William Blair reissued an “outperform” rating on shares of Atlassian in a research note on Friday, February 2nd. Citigroup reduced their price objective on Atlassian from $280.00 to $265.00 and set a “buy” rating for the company in a research note on Friday, April 12th. Finally, StockNews.com lowered Atlassian from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $224.25.

Atlassian Stock Up 2.5 %

TEAM traded up $4.92 during trading on Tuesday, reaching $199.19. 380,393 shares of the company were exchanged, compared to its average volume of 1,686,768. The company’s 50-day moving average is $201.39 and its two-hundred day moving average is $206.80. Atlassian Co. has a 12-month low of $128.02 and a 12-month high of $258.69. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.07 and a current ratio of 1.07.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, February 1st. The technology company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.24). Atlassian had a negative return on equity of 34.56% and a negative net margin of 9.87%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. On average, research analysts predict that Atlassian Co. will post -0.4 EPS for the current fiscal year.

Atlassian Company Profile

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.