Atlassian Co. PLC (NASDAQ:TEAM) Shares Acquired by NEXT Financial Group Inc

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NEXT Financial Group Inc boosted its position in shares of Atlassian Co. PLC (NASDAQ:TEAM) by 35.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,354 shares of the technology company’s stock after acquiring an additional 1,146 shares during the period. NEXT Financial Group Inc’s holdings in Atlassian were worth $524,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp grew its holdings in Atlassian by 3.1% during the 3rd quarter. State Street Corp now owns 1,174,797 shares of the technology company’s stock valued at $147,367,000 after purchasing an additional 35,651 shares in the last quarter. TimesSquare Capital Management LLC grew its holdings in Atlassian by 3.8% during the 3rd quarter. TimesSquare Capital Management LLC now owns 391,500 shares of the technology company’s stock valued at $49,110,000 after purchasing an additional 14,300 shares in the last quarter. Glynn Capital Management LLC grew its holdings in Atlassian by 4.4% during the 3rd quarter. Glynn Capital Management LLC now owns 383,065 shares of the technology company’s stock valued at $48,052,000 after purchasing an additional 16,186 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in Atlassian by 499.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 372,954 shares of the technology company’s stock valued at $48,797,000 after purchasing an additional 310,717 shares in the last quarter. Finally, Strategy Capital LLC grew its holdings in Atlassian by 3.5% during the 2nd quarter. Strategy Capital LLC now owns 285,395 shares of the technology company’s stock valued at $37,341,000 after purchasing an additional 9,539 shares in the last quarter. 87.03% of the stock is owned by institutional investors and hedge funds.

Shares of TEAM stock opened at $132.64 on Friday. The firm has a market cap of $16.03 billion, a P/E ratio of -96.12, a P/E/G ratio of 132.89 and a beta of 1.24. Atlassian Co. PLC has a 1-year low of $92.11 and a 1-year high of $149.80. The firm has a fifty day moving average of $125.27 and a two-hundred day moving average of $129.27.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, January 23rd. The technology company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.10. Atlassian had a negative net margin of 24.95% and a negative return on equity of 2.76%. The business had revenue of $408.70 million during the quarter, compared to analyst estimates of $389.43 million. During the same period in the previous year, the business posted $0.25 EPS. The company’s quarterly revenue was up 36.7% on a year-over-year basis. Equities research analysts predict that Atlassian Co. PLC will post 0.05 earnings per share for the current fiscal year.

A number of research firms recently weighed in on TEAM. BMO Capital Markets raised their price target on shares of Atlassian from $150.00 to $155.00 and gave the company a “market perform” rating in a report on Tuesday. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Atlassian from a “hold” rating to a “strong sell” rating in a report on Friday, January 17th. Oppenheimer reissued a “buy” rating and set a $155.00 price objective on shares of Atlassian in a report on Thursday. Needham & Company LLC reissued a “hold” rating on shares of Atlassian in a report on Wednesday. Finally, ValuEngine lowered shares of Atlassian from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. Atlassian currently has a consensus rating of “Buy” and a consensus target price of $148.88.

Atlassian Company Profile

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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