Atlassian Corporation PLC (NASDAQ:TEAM)‘s stock had its “buy” rating reissued by Oppenheimer Holdings Inc. in a research note issued to investors on Friday.

Several other equities research analysts also recently issued reports on TEAM. ValuEngine raised Atlassian Corporation PLC from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Jefferies Group LLC reissued a “buy” rating and issued a $41.00 price objective on shares of Atlassian Corporation PLC in a research note on Friday, June 2nd. BMO Capital Markets increased their price objective on Atlassian Corporation PLC from $33.00 to $40.00 and gave the stock a “market perform” rating in a research note on Friday, July 7th. Zacks Investment Research raised Atlassian Corporation PLC from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Friday, July 14th. Finally, Morgan Stanley raised Atlassian Corporation PLC from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $35.00 to $45.00 in a research note on Tuesday, July 25th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $40.10.

Atlassian Corporation PLC (TEAM) traded down 0.41% on Friday, hitting $34.35. 286,033 shares of the stock were exchanged. The company’s 50-day moving average is $35.80 and its 200-day moving average is $33.82. Atlassian Corporation PLC has a 52 week low of $23.80 and a 52 week high of $39.25. The company’s market cap is $7.76 billion.

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Institutional investors and hedge funds have recently bought and sold shares of the company. Janus Capital Management LLC raised its stake in shares of Atlassian Corporation PLC by 2.8% during the 1st quarter. Janus Capital Management LLC now owns 7,110,873 shares of the technology company’s stock worth $212,971,000 after purchasing an additional 191,710 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of Atlassian Corporation PLC by 4.6% during the 1st quarter. Nationwide Fund Advisors now owns 218,980 shares of the technology company’s stock worth $6,558,000 after purchasing an additional 9,720 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Atlassian Corporation PLC by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 55,951 shares of the technology company’s stock worth $1,676,000 after purchasing an additional 480 shares in the last quarter. TD Asset Management Inc. raised its stake in shares of Atlassian Corporation PLC by 9.8% during the 1st quarter. TD Asset Management Inc. now owns 302,465 shares of the technology company’s stock worth $9,059,000 after purchasing an additional 27,100 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Atlassian Corporation PLC by 12.6% during the 1st quarter. Bank of America Corp DE now owns 271,257 shares of the technology company’s stock worth $8,124,000 after purchasing an additional 30,348 shares in the last quarter. 82.48% of the stock is owned by institutional investors.

About Atlassian Corporation PLC

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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