Tredje AP fonden Takes $38.01 Million Position in Atlassian Corporation PLC $TEAM

Tredje AP fonden acquired a new stake in Atlassian Corporation PLC (NASDAQ:TEAM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 187,167 shares of the technology company’s stock, valued at approximately $38,012,000.

Other institutional investors also recently bought and sold shares of the company. State of Wyoming boosted its holdings in Atlassian by 20.3% in the 1st quarter. State of Wyoming now owns 278 shares of the technology company’s stock valued at $59,000 after purchasing an additional 47 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in Atlassian by 25.9% in the first quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company’s stock valued at $57,000 after acquiring an additional 55 shares during the last quarter. EP Wealth Advisors LLC grew its position in Atlassian by 2.8% in the first quarter. EP Wealth Advisors LLC now owns 2,641 shares of the technology company’s stock worth $561,000 after acquiring an additional 71 shares during the period. Smartleaf Asset Management LLC increased its stake in Atlassian by 11.5% during the first quarter. Smartleaf Asset Management LLC now owns 716 shares of the technology company’s stock worth $156,000 after acquiring an additional 74 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its position in Atlassian by 5.5% in the first quarter. Ashton Thomas Private Wealth LLC now owns 1,412 shares of the technology company’s stock valued at $300,000 after purchasing an additional 74 shares during the period. 94.45% of the stock is owned by hedge funds and other institutional investors.

Atlassian Trading Up 5.4%

NASDAQ TEAM opened at $169.42 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $44.44 billion, a price-to-earnings ratio of -238.62 and a beta of 0.92. The firm has a 50 day simple moving average of $164.09 and a 200-day simple moving average of $187.87. Atlassian Corporation PLC has a one year low of $144.32 and a one year high of $326.00.

Atlassian (NASDAQ:TEAM) last announced its earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.21. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.20%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the firm earned $0.77 EPS. The firm’s revenue for the quarter was up 20.6% on a year-over-year basis. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Equities research analysts anticipate that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $160.41, for a total transaction of $1,229,542.65. Following the sale, the director owned 321,930 shares in the company, valued at $51,640,791.30. This represents a 2.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $160.40, for a total value of $1,229,466.00. Following the completion of the transaction, the chief executive officer owned 321,930 shares of the company’s stock, valued at $51,637,572. The trade was a 2.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 551,608 shares of company stock worth $91,244,164 in the last ninety days. Corporate insiders own 36.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TEAM. The Goldman Sachs Group reiterated a “buy” rating and set a $260.00 price target on shares of Atlassian in a report on Friday. Bank of America initiated coverage on shares of Atlassian in a research note on Tuesday, September 23rd. They set a “neutral” rating and a $200.00 target price for the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Atlassian in a research report on Wednesday, October 8th. Stephens decreased their price objective on shares of Atlassian from $221.00 to $202.00 and set an “equal weight” rating on the stock in a report on Monday, August 11th. Finally, Cowen reiterated a “hold” rating on shares of Atlassian in a report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $239.84.

About Atlassian

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.