Paloma Partners Management Co bought a new stake in Atlassian Co. PLC (NASDAQ:TEAM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 61,169 shares of the technology company’s stock, valued at approximately $2,785,000. Paloma Partners Management Co owned 0.06% of Atlassian as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TEAM. Artisan Partners Limited Partnership increased its stake in shares of Atlassian by 28.4% in the 3rd quarter. Artisan Partners Limited Partnership now owns 7,543,086 shares of the technology company’s stock valued at $265,139,000 after buying an additional 1,668,292 shares during the period. TimesSquare Capital Management LLC increased its stake in shares of Atlassian by 94.0% in the 4th quarter. TimesSquare Capital Management LLC now owns 2,104,750 shares of the technology company’s stock valued at $95,808,000 after buying an additional 1,019,750 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Atlassian by 100.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,608,212 shares of the technology company’s stock valued at $73,206,000 after buying an additional 806,469 shares during the period. Renaissance Technologies LLC increased its stake in shares of Atlassian by 52.1% in the 4th quarter. Renaissance Technologies LLC now owns 2,153,200 shares of the technology company’s stock valued at $98,014,000 after buying an additional 737,658 shares during the period. Finally, BlackRock Inc. increased its stake in shares of Atlassian by 31.9% in the 4th quarter. BlackRock Inc. now owns 2,193,451 shares of the technology company’s stock valued at $99,846,000 after buying an additional 530,523 shares during the period. 88.35% of the stock is owned by institutional investors.
Several research analysts have recently issued reports on the company. Guggenheim restated a “hold” rating and issued a $50.00 price target on shares of Atlassian in a research report on Friday, January 19th. Oppenheimer raised their price target on Atlassian to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, January 4th. BMO Capital Markets restated a “market perform” rating and issued a $56.00 price target (up from $51.00) on shares of Atlassian in a research report on Friday, January 19th. They noted that the move was a valuation call. BidaskClub upgraded Atlassian from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 18th. Finally, Canaccord Genuity restated a “buy” rating and issued a $60.00 price target (up from $52.00) on shares of Atlassian in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $55.90.
Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Thursday, January 18th. The technology company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). The firm had revenue of $212.63 million during the quarter, compared to the consensus estimate of $204.40 million. Atlassian had a negative net margin of 15.85% and a negative return on equity of 4.00%. equities analysts forecast that Atlassian Co. PLC will post -0.08 EPS for the current fiscal year.
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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.
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