Atlassian Co. PLC (TEAM) Shares Sold by Two Sigma Advisers LP

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Two Sigma Advisers LP lowered its stake in Atlassian Co. PLC (NASDAQ:TEAM) by 23.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 813,568 shares of the technology company’s stock after selling 254,600 shares during the period. Two Sigma Advisers LP owned about 0.77% of Atlassian worth $72,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Parallel Advisors LLC acquired a new stake in shares of Atlassian during the 4th quarter worth about $25,000. Cornerstone Advisors Inc. acquired a new position in Atlassian during the fourth quarter worth approximately $29,000. Meeder Asset Management Inc. acquired a new position in Atlassian during the fourth quarter worth approximately $50,000. Financial Architects Inc increased its position in Atlassian by 159.1% during the fourth quarter. Financial Architects Inc now owns 570 shares of the technology company’s stock worth $51,000 after buying an additional 350 shares during the period. Finally, WealthTrust Arizona LLC increased its position in Atlassian by 23.4% during the fourth quarter. WealthTrust Arizona LLC now owns 580 shares of the technology company’s stock worth $52,000 after buying an additional 110 shares during the period. 90.38% of the stock is currently owned by institutional investors.

Shares of Atlassian stock traded up $0.23 during trading on Tuesday, reaching $111.45. The company’s stock had a trading volume of 11,207 shares, compared to its average volume of 1,573,808. The company has a debt-to-equity ratio of 1.02, a current ratio of 3.44 and a quick ratio of 3.44. Atlassian Co. PLC has a 12-month low of $50.84 and a 12-month high of $112.58. The company has a market cap of $11.88 billion, a PE ratio of -1,596.00, a price-to-earnings-growth ratio of 99.01 and a beta of 1.85.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, January 17th. The technology company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.15). Atlassian had a negative net margin of 22.96% and a positive return on equity of 3.01%. The business had revenue of $299.00 million during the quarter, compared to analysts’ expectations of $288.28 million. During the same quarter last year, the firm earned $0.13 earnings per share. The firm’s quarterly revenue was up 40.6% compared to the same quarter last year. On average, equities research analysts anticipate that Atlassian Co. PLC will post 0.08 EPS for the current fiscal year.

Several research firms have commented on TEAM. DA Davidson lifted their price target on Atlassian to $126.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Mizuho began coverage on Atlassian in a research report on Wednesday, March 13th. They set a “buy” rating and a $120.00 price target on the stock. Zacks Investment Research lowered Atlassian from a “buy” rating to a “hold” rating in a research report on Thursday, March 14th. Deutsche Bank began coverage on Atlassian in a research report on Wednesday, February 27th. They set a “hold” rating and a $114.00 price target on the stock. Finally, BTIG Research lifted their price target on Atlassian to $125.00 and gave the stock a “buy” rating in a research report on Friday, February 15th. Eight investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $107.50.

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About Atlassian

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.

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Institutional Ownership by Quarter for Atlassian (NASDAQ:TEAM)

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