Atlassian Co. Plc (NASDAQ:TEAM) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can grew its stake in shares of Atlassian Co. Plc (NASDAQ:TEAMGet Rating) by 189.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 294,375 shares of the technology company’s stock after acquiring an additional 192,564 shares during the quarter. Bank of Montreal Can’s holdings in Atlassian were worth $113,968,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Exane Derivatives increased its holdings in shares of Atlassian by 34,700.0% during the fourth quarter. Exane Derivatives now owns 696 shares of the technology company’s stock valued at $265,000 after acquiring an additional 694 shares in the last quarter. United Capital Financial Advisers LLC boosted its position in Atlassian by 4.0% in the third quarter. United Capital Financial Advisers LLC now owns 16,626 shares of the technology company’s stock valued at $6,508,000 after buying an additional 632 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in Atlassian in the fourth quarter valued at approximately $12,239,000. Pendal Group Ltd boosted its position in Atlassian by 2.6% in the fourth quarter. Pendal Group Ltd now owns 343,850 shares of the technology company’s stock valued at $131,107,000 after buying an additional 8,662 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Atlassian in the fourth quarter valued at approximately $782,000. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Shares of TEAM stock opened at $162.49 on Thursday. The company has a debt-to-equity ratio of 3.30, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market cap of $22.31 billion, a price-to-earnings ratio of -56.62 and a beta of 1.07. The stock has a 50 day simple moving average of $254.15 and a 200-day simple moving average of $315.96. Atlassian Co. Plc has a 1-year low of $159.54 and a 1-year high of $483.13.

Atlassian (NASDAQ:TEAMGet Rating) last announced its earnings results on Thursday, April 28th. The technology company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.15. Atlassian had a negative return on equity of 56.13% and a negative net margin of 27.73%. The business had revenue of $740.49 million during the quarter, compared to the consensus estimate of $703.87 million. During the same period in the prior year, the company posted $0.09 EPS. The business’s quarterly revenue was up 30.2% on a year-over-year basis. Analysts anticipate that Atlassian Co. Plc will post -0.36 earnings per share for the current fiscal year.

A number of equities research analysts recently commented on the company. Truist Financial dropped their target price on Atlassian from $375.00 to $220.00 in a research report on Tuesday, May 10th. Citigroup started coverage on Atlassian in a research report on Tuesday, January 25th. They issued a “buy” rating and a $430.00 target price on the stock. KeyCorp lowered their price objective on Atlassian from $442.00 to $397.00 and set an “overweight” rating on the stock in a research report on Friday, April 8th. Cowen upped their price objective on Atlassian from $325.00 to $330.00 and gave the stock a “market perform” rating in a research report on Friday, January 28th. Finally, Oppenheimer lowered their price objective on Atlassian from $500.00 to $430.00 in a research report on Friday, January 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $385.56.

About Atlassian (Get Rating)

Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its products include JIRA, a workflow management system for teams to plan, track, collaborate, and manage work, and projects; Jira Service Management, a service desk product for creating and managing service experiences for various service team providers, including IT, legal, and HR teams; Jira Align for enterprise agile planning; Opsgenie, an incident management tool that centralizes alerts and notifies right people at right time; and Statuspage for incident communication.

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Institutional Ownership by Quarter for Atlassian (NASDAQ:TEAM)

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