Janus Henderson Group PLC Purchases 624 Shares of Atlassian Co. (NASDAQ:TEAM)

Janus Henderson Group PLC lifted its position in Atlassian Co. (NASDAQ:TEAM) by 4.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,550 shares of the technology company’s stock after acquiring an additional 624 shares during the quarter. Janus Henderson Group PLC’s holdings in Atlassian were worth $2,469,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Bamco Inc. NY grew its stake in shares of Atlassian by 242.7% in the 3rd quarter. Bamco Inc. NY now owns 124,018 shares of the technology company’s stock worth $19,695,000 after acquiring an additional 87,834 shares in the last quarter. Paloma Partners Management Co purchased a new position in shares of Atlassian in the 3rd quarter worth about $1,588,000. Point72 Hong Kong Ltd boosted its holdings in shares of Atlassian by 90.7% in the 3rd quarter. Point72 Hong Kong Ltd now owns 46,799 shares of the technology company’s stock worth $7,432,000 after buying an additional 22,261 shares during the last quarter. Erste Asset Management GmbH purchased a new position in shares of Atlassian in the 3rd quarter worth about $9,529,000. Finally, True Wealth Design LLC boosted its holdings in shares of Atlassian by 23,100.0% in the 3rd quarter. True Wealth Design LLC now owns 232 shares of the technology company’s stock worth $37,000 after buying an additional 231 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

Insider Buying and Selling at Atlassian

In other news, CEO Michael Cannon-Brookes sold 7,948 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.03, for a total value of $1,311,658.44. Following the transaction, the chief executive officer now owns 79,480 shares in the company, valued at approximately $13,116,584.40. This trade represents a 9.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Heather Mirjahangir Fernandez sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $275.00, for a total transaction of $825,000.00. Following the completion of the transaction, the director now owns 5,610 shares in the company, valued at $1,542,750. This represents a 34.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 268,642 shares of company stock worth $56,073,616 over the last ninety days. Insiders own 38.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TEAM shares. BMO Capital Markets boosted their price target on shares of Atlassian from $177.00 to $255.00 and gave the stock a “market perform” rating in a report on Friday, November 1st. Morgan Stanley upped their price objective on shares of Atlassian from $216.00 to $224.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Canaccord Genuity Group upped their price objective on shares of Atlassian from $225.00 to $255.00 and gave the company a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company upped their price objective on shares of Atlassian from $300.00 to $350.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Finally, Scotiabank upped their price objective on shares of Atlassian from $175.00 to $250.00 and gave the company a “sector perform” rating in a report on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Atlassian has an average rating of “Moderate Buy” and a consensus price target of $254.25.

Atlassian Stock Up 1.6 %

TEAM stock opened at $279.18 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.96. The company’s 50 day moving average is $226.93 and its 200 day moving average is $185.86. The stock has a market cap of $72.71 billion, a price-to-earnings ratio of -183.67 and a beta of 0.80. Atlassian Co. has a 1-year low of $135.29 and a 1-year high of $287.97.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Thursday, October 31st. The technology company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.13. Atlassian had a negative net margin of 8.59% and a negative return on equity of 23.35%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the business earned ($0.07) earnings per share. The business’s quarterly revenue was up 21.5% on a year-over-year basis. Sell-side analysts predict that Atlassian Co. will post -0.54 EPS for the current fiscal year.

Atlassian Profile

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.