Atlassian Corporation PLC (NASDAQ:TEAM)‘s stock had its “neutral” rating reiterated by research analysts at BTIG Research in a report released on Tuesday.

Other analysts have also issued research reports about the company. Zacks Investment Research upgraded Atlassian Corporation PLC from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a report on Friday, July 14th. Jefferies Group LLC restated a “buy” rating and issued a $41.00 target price on shares of Atlassian Corporation PLC in a report on Friday, June 2nd. Canaccord Genuity restated a “buy” rating and issued a $40.00 target price on shares of Atlassian Corporation PLC in a report on Friday, April 28th. Cowen and Company restated a “buy” rating and issued a $43.00 target price on shares of Atlassian Corporation PLC in a report on Friday, July 28th. Finally, BMO Capital Markets restated a “hold” rating and issued a $29.00 target price on shares of Atlassian Corporation PLC in a report on Friday, April 21st. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $38.73.

Atlassian Corporation PLC (NASDAQ TEAM) traded up 1.08% during trading on Tuesday, reaching $36.37. The company had a trading volume of 425,393 shares. The stock’s market cap is $8.21 billion. Atlassian Corporation PLC has a 52-week low of $23.80 and a 52-week high of $39.25. The company has a 50-day moving average price of $35.77 and a 200 day moving average price of $33.05.

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Several hedge funds have recently made changes to their positions in TEAM. California State Teachers Retirement System raised its stake in shares of Atlassian Corporation PLC by 151.7% in the second quarter. California State Teachers Retirement System now owns 130,281 shares of the technology company’s stock valued at $4,583,000 after buying an additional 78,525 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Atlassian Corporation PLC by 895.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,166 shares of the technology company’s stock valued at $111,000 after buying an additional 2,848 shares in the last quarter. BlueCrest Capital Management Ltd raised its stake in shares of Atlassian Corporation PLC by 10.0% in the second quarter. BlueCrest Capital Management Ltd now owns 8,133 shares of the technology company’s stock valued at $286,000 after buying an additional 741 shares in the last quarter. State Street Corp raised its stake in shares of Atlassian Corporation PLC by 79.5% in the second quarter. State Street Corp now owns 995,220 shares of the technology company’s stock valued at $35,012,000 after buying an additional 440,847 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in shares of Atlassian Corporation PLC during the second quarter valued at about $251,088,000. Institutional investors and hedge funds own 81.51% of the company’s stock.

Atlassian Corporation PLC Company Profile

Atlassian Corporation Plc is a holding company. The Company offers a range of team collaboration products. The Company offers products, including JIRA, Confluence, HipChat, Bitbucket and JIRA Service Desk, for software developers, information technology (IT) managers and knowledge workers. The Company offers JIRA for team planning and project management; Confluence for team content creation and sharing; HipChat for team real-time messaging and communications; Bitbucket for team code sharing and management, and JIRA Service Desk for team service and support applications.

Analyst Recommendations for Atlassian Corporation PLC (NASDAQ:TEAM)

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