Atlassian Co. PLC (NASDAQ:TEAM) Shares Sold by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd lessened its holdings in shares of Atlassian Co. PLC (NASDAQ:TEAM) by 38.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,692 shares of the technology company’s stock after selling 1,053 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Atlassian were worth $221,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TEAM. Pendal Group Ltd acquired a new stake in Atlassian during the 2nd quarter worth $347,020,000. Morgan Stanley boosted its stake in Atlassian by 168.3% during the 2nd quarter. Morgan Stanley now owns 2,139,661 shares of the technology company’s stock worth $279,953,000 after purchasing an additional 1,342,168 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Atlassian by 54.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,144,350 shares of the technology company’s stock worth $412,036,000 after purchasing an additional 1,113,490 shares during the last quarter. Invesco Ltd. boosted its stake in Atlassian by 435.8% during the 2nd quarter. Invesco Ltd. now owns 1,242,890 shares of the technology company’s stock worth $162,620,000 after purchasing an additional 1,010,904 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Atlassian by 19.6% during the 2nd quarter. Renaissance Technologies LLC now owns 4,607,600 shares of the technology company’s stock worth $602,858,000 after purchasing an additional 756,100 shares during the last quarter. 87.20% of the stock is currently owned by institutional investors.

Shares of TEAM stock traded down $6.24 during trading hours on Tuesday, reaching $130.22. 1,251,822 shares of the stock were exchanged, compared to its average volume of 1,576,759. The business’s fifty day moving average is $136.92 and its two-hundred day moving average is $126.27. Atlassian Co. PLC has a 12-month low of $65.17 and a 12-month high of $149.80. The firm has a market capitalization of $16.18 billion, a P/E ratio of -766.00, a P/E/G ratio of 99.15 and a beta of 1.33.



Atlassian (NASDAQ:TEAM) last released its earnings results on Thursday, July 25th. The technology company reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.26. Atlassian had a negative net margin of 52.69% and a negative return on equity of 2.45%. The firm had revenue of $334.59 million for the quarter, compared to analyst estimates of $330.60 million. During the same period in the prior year, the firm earned $0.14 earnings per share. The business’s quarterly revenue was up 35.7% compared to the same quarter last year. As a group, research analysts predict that Atlassian Co. PLC will post 0.09 EPS for the current year.

Several brokerages have recently weighed in on TEAM. DA Davidson boosted their price target on shares of Atlassian to $155.00 and gave the company a “buy” rating in a research report on Friday, July 26th. BTIG Research cut shares of Atlassian from a “buy” rating to a “neutral” rating and set a $126.00 price target on the stock. in a research report on Wednesday, May 29th. Jefferies Financial Group boosted their price objective on shares of Atlassian from $105.00 to $125.00 and gave the company a “hold” rating in a report on Friday, July 26th. They noted that the move was a valuation call. Cowen set a $152.00 price objective on shares of Atlassian and gave the company a “buy” rating in a report on Friday, July 26th. Finally, William Blair restated a “buy” rating on shares of Atlassian in a report on Friday, September 13th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $138.27.

About Atlassian

Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. It provides project tracking, content creation and sharing, and service management products. The company's products include JIRA, a workflow management system that enables teams to plan, organize, track, and manage their work and projects; Confluence, a content collaboration platform that is used to create, share, organize, and discuss projects; and Trello, a Web-based project management application for capturing and adding structure to fluid, fast-forming work for teams.

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Institutional Ownership by Quarter for Atlassian (NASDAQ:TEAM)

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