Shares of Atlassian Corporation PLC (NASDAQ:TEAM) have earned a consensus rating of “Buy” from the fifteen research firms that are covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $40.00.

A number of research firms have recently issued reports on TEAM. Canaccord Genuity restated a “buy” rating and set a $44.00 target price on shares of Atlassian Corporation PLC in a research note on Friday. Robert W. Baird restated a “buy” rating and set a $43.00 target price on shares of Atlassian Corporation PLC in a research note on Thursday. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Atlassian Corporation PLC in a research report on Friday, September 8th. BTIG Research reaffirmed a “neutral” rating on shares of Atlassian Corporation PLC in a research report on Tuesday, August 15th. Finally, Zacks Investment Research lowered shares of Atlassian Corporation PLC from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 3rd.

Hedge funds have recently added to or reduced their stakes in the business. Janus Capital Management LLC increased its holdings in Atlassian Corporation PLC by 2.8% in the 1st quarter. Janus Capital Management LLC now owns 7,110,873 shares of the technology company’s stock valued at $212,971,000 after buying an additional 191,710 shares during the period. Bank of New York Mellon Corp increased its holdings in Atlassian Corporation PLC by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 55,951 shares of the technology company’s stock valued at $1,676,000 after buying an additional 480 shares during the period. First Trust Advisors LP bought a new position in Atlassian Corporation PLC in the 2nd quarter valued at about $6,893,000. Bank of America Corp DE increased its holdings in Atlassian Corporation PLC by 12.6% in the 1st quarter. Bank of America Corp DE now owns 271,257 shares of the technology company’s stock valued at $8,124,000 after buying an additional 30,348 shares during the period. Finally, Clearbridge Investments LLC increased its holdings in Atlassian Corporation PLC by 17.2% in the 1st quarter. Clearbridge Investments LLC now owns 483,826 shares of the technology company’s stock valued at $14,491,000 after buying an additional 70,974 shares during the period. 78.57% of the stock is currently owned by hedge funds and other institutional investors.

Atlassian Corporation PLC (TEAM) opened at 36.15 on Friday. The stock’s 50 day moving average is $35.43 and its 200 day moving average is $34.02. The company’s market cap is $8.16 billion. Atlassian Corporation PLC has a 12-month low of $23.80 and a 12-month high of $39.25.

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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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