Bank of New York Mellon Corp raised its position in Atlassian Corp. PLC (NASDAQ:TEAM) by 75.9% during the second quarter, Holdings Channel reports. The firm owned 73,282 shares of the company’s stock after buying an additional 31,621 shares during the period. Bank of New York Mellon Corp’s holdings in Atlassian Corp. PLC were worth $1,899,000 as of its most recent filing with the SEC.
Several other institutional investors have also added to or reduced their stakes in TEAM. Gilder Gagnon Howe & Co. LLC raised its position in Atlassian Corp. PLC by 8.8% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 544,446 shares of the company’s stock worth $14,101,000 after buying an additional 44,133 shares during the period. Aberdeen Asset Management PLC UK acquired a new position in Atlassian Corp. PLC during the second quarter worth $349,000. Glynn Capital Management LLC raised its position in Atlassian Corp. PLC by 131.4% in the second quarter. Glynn Capital Management LLC now owns 189,053 shares of the company’s stock worth $4,896,000 after buying an additional 107,370 shares during the period. RS Investment Management Co. LLC raised its position in Atlassian Corp. PLC by 69.0% in the second quarter. RS Investment Management Co. LLC now owns 68,100 shares of the company’s stock worth $1,764,000 after buying an additional 27,810 shares during the period. Finally, Bank of Montreal Can acquired a new position in Atlassian Corp. PLC during the second quarter worth $5,181,000. 65.07% of the stock is owned by hedge funds and other institutional investors.
Atlassian Corp. PLC (NASDAQ:TEAM) traded down 1.73% during midday trading on Friday, hitting $28.35. The stock had a trading volume of 241,856 shares. The firm has a 50-day moving average of $29.80 and a 200-day moving average of $26.42. The company has a market cap of $6.13 billion and a PE ratio of 1350.00. Atlassian Corp. PLC has a 12-month low of $16.92 and a 12-month high of $35.16.
Atlassian Corp. PLC (NASDAQ:TEAM) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.02. The business earned $127.60 million during the quarter, compared to analyst estimates of $124.26 million. Atlassian Corp. PLC had a return on equity of 1.52% and a net margin of 0.96%. The company’s revenue was up 39.0% compared to the same quarter last year. Equities research analysts forecast that Atlassian Corp. PLC will post $0.33 EPS for the current year.
A number of research firms have recently weighed in on TEAM. Cowen and Company began coverage on Atlassian Corp. PLC in a research note on Wednesday. They issued an “outperform” rating and a $36.00 price objective for the company. JMP Securities reaffirmed a “buy” rating on shares of Atlassian Corp. PLC in a research note on Friday, September 2nd. Summit Redstone began coverage on Atlassian Corp. PLC in a research note on Tuesday, August 16th. They set a “buy” rating and a $35.00 price target for the company. BTIG Research lowered Atlassian Corp. PLC from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 10th. Finally, Jefferies Group increased their price target on Atlassian Corp. PLC from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Atlassian Corp. PLC currently has a consensus rating of “Buy” and an average price target of $33.43.
Atlassian Corp. PLC Company Profile
Atlassian Corporation Plc is engaged in designing, developing, licensing and maintaining of software, and the provisioning of software hosting services. The Company’s products include JIRA for team planning and project management; Confluence for team content creation and sharing; HipChat for team messaging and communications; Bitbucket for team code sharing and management, and JIRA Service Desk for team services and support applications.
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