Delta Investment Management LLC lifted its holdings in Atlassian Co. PLC (NASDAQ:TEAM) by 0.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,870 shares of the technology company’s stock after purchasing an additional 141 shares during the period. Atlassian comprises approximately 1.2% of Delta Investment Management LLC’s holdings, making the stock its 23rd biggest position. Delta Investment Management LLC’s holdings in Atlassian were worth $2,241,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the company. L & S Advisors Inc bought a new stake in Atlassian during the 2nd quarter worth approximately $759,000. Morgens Waterfall Vintiadis & Co. Inc. raised its stake in Atlassian by 7.8% during the 2nd quarter. Morgens Waterfall Vintiadis & Co. Inc. now owns 41,500 shares of the technology company’s stock worth $5,430,000 after acquiring an additional 3,000 shares during the period. Envestnet Asset Management Inc. raised its stake in Atlassian by 15.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 11,437 shares of the technology company’s stock worth $1,496,000 after acquiring an additional 1,507 shares during the period. Castle Rock Wealth Management LLC raised its stake in Atlassian by 6.4% during the 2nd quarter. Castle Rock Wealth Management LLC now owns 3,488 shares of the technology company’s stock worth $459,000 after acquiring an additional 211 shares during the period. Finally, Aperio Group LLC raised its stake in Atlassian by 8.3% during the 2nd quarter. Aperio Group LLC now owns 43,656 shares of the technology company’s stock worth $5,712,000 after acquiring an additional 3,357 shares during the period. Hedge funds and other institutional investors own 84.43% of the company’s stock.
A number of equities research analysts have commented on the stock. TheStreet cut shares of Atlassian from a “c-” rating to a “d” rating in a research note on Thursday, July 25th. Needham & Company LLC restated a “hold” rating on shares of Atlassian in a research note on Sunday, October 20th. William Blair restated a “buy” rating on shares of Atlassian in a research note on Friday, September 13th. SunTrust Banks assumed coverage on shares of Atlassian in a research note on Wednesday, October 2nd. They set a “buy” rating and a $162.00 target price on the stock. Finally, KeyCorp set a $150.00 target price on shares of Atlassian and gave the stock a “buy” rating in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $141.44.
Atlassian (NASDAQ:TEAM) last released its earnings results on Thursday, October 17th. The technology company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.04. Atlassian had a negative return on equity of 2.76% and a negative net margin of 24.95%. The business had revenue of $363.40 million during the quarter, compared to the consensus estimate of $351.79 million. During the same period last year, the company earned $0.20 earnings per share. The business’s revenue for the quarter was up 36.0% compared to the same quarter last year. As a group, equities research analysts expect that Atlassian Co. PLC will post 0.05 EPS for the current year.
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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