Atlassian (NASDAQ:TEAM – Get Rating) had its price target reduced by Robert W. Baird from $520.00 to $380.00 in a research report report published on Friday, The Fly reports. They currently have an outperform rating on the technology company’s stock.
TEAM has been the topic of a number of other reports. Sanford C. Bernstein assumed coverage on shares of Atlassian in a report on Tuesday, July 19th. They issued an outperform rating and a $257.00 price target on the stock. Mizuho reduced their price target on shares of Atlassian from $500.00 to $360.00 in a report on Monday, May 16th. Wells Fargo & Company reduced their price target on shares of Atlassian from $400.00 to $300.00 and set an overweight rating on the stock in a report on Wednesday, May 18th. Morgan Stanley reduced their price target on shares of Atlassian from $460.00 to $430.00 and set an overweight rating on the stock in a report on Monday, July 11th. Finally, KeyCorp reduced their target price on shares of Atlassian from $338.00 to $278.00 and set an overweight rating on the stock in a report on Friday, July 22nd. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Atlassian has a consensus rating of Moderate Buy and an average target price of $338.16.
Atlassian Trading Up 16.6 %
TEAM opened at $268.59 on Friday. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.19 and a current ratio of 1.19. Atlassian has a fifty-two week low of $159.54 and a fifty-two week high of $483.13. The firm’s fifty day moving average is $196.85 and its 200 day moving average is $242.29.
Institutional Investors Weigh In On Atlassian
Several large investors have recently added to or reduced their stakes in the stock. We Are One Seven LLC boosted its position in Atlassian by 1.2% in the 4th quarter. We Are One Seven LLC now owns 2,890 shares of the technology company’s stock valued at $1,102,000 after buying an additional 33 shares during the period. Diversified Trust Co lifted its position in shares of Atlassian by 0.3% in the 1st quarter. Diversified Trust Co now owns 11,648 shares of the technology company’s stock worth $3,423,000 after purchasing an additional 38 shares during the period. Nvwm LLC lifted its position in shares of Atlassian by 142.9% in the 4th quarter. Nvwm LLC now owns 85 shares of the technology company’s stock worth $32,000 after purchasing an additional 50 shares during the period. Fifth Third Bancorp lifted its position in shares of Atlassian by 21.5% in the 1st quarter. Fifth Third Bancorp now owns 288 shares of the technology company’s stock worth $85,000 after purchasing an additional 51 shares during the period. Finally, Green Alpha Advisors LLC lifted its position in shares of Atlassian by 1.3% in the 1st quarter. Green Alpha Advisors LLC now owns 3,986 shares of the technology company’s stock worth $1,171,000 after purchasing an additional 53 shares during the period. 91.33% of the stock is owned by hedge funds and other institutional investors.
Atlassian Company Profile
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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