Voya Investment Management LLC Raises Holdings in Atlassian Corporation PLC (NASDAQ:TEAM)

Voya Investment Management LLC boosted its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 166.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 28,189 shares of the technology company’s stock after acquiring an additional 17,604 shares during the period. Voya Investment Management LLC’s holdings in Atlassian Corporation PLC were worth $992,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of Atlassian Corporation PLC by 148.8% in the second quarter. FMR LLC now owns 5,448,713 shares of the technology company’s stock valued at $191,686,000 after purchasing an additional 3,258,877 shares during the period. Wells Fargo & Company MN lifted its position in shares of Atlassian Corporation PLC by 3,340.5% during the second quarter. Wells Fargo & Company MN now owns 365,104 shares of the technology company’s stock worth $12,844,000 after purchasing an additional 354,492 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Atlassian Corporation PLC by 25.9% during the second quarter. Renaissance Technologies LLC now owns 1,063,800 shares of the technology company’s stock worth $37,424,000 after purchasing an additional 219,000 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of Atlassian Corporation PLC during the second quarter worth about $6,893,000. Finally, Goldman Sachs Group Inc. raised its holdings in Atlassian Corporation PLC by 575.6% in the first quarter. Goldman Sachs Group Inc. now owns 213,407 shares of the technology company’s stock valued at $6,391,000 after acquiring an additional 181,819 shares in the last quarter. 74.32% of the stock is owned by institutional investors and hedge funds.

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Shares of Atlassian Corporation PLC (NASDAQ TEAM) traded up $0.07 during trading hours on Friday, hitting $52.40. The stock had a trading volume of 634,300 shares, compared to its average volume of 738,949. Atlassian Corporation PLC has a 1-year low of $23.80 and a 1-year high of $53.21.

Atlassian Corporation PLC (NASDAQ:TEAM) last released its quarterly earnings results on Thursday, October 19th. The technology company reported $0.12 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.17. Atlassian Corporation PLC had a negative return on equity of 2.11% and a negative net margin of 7.96%. The firm had revenue of $193.80 million for the quarter, compared to analyst estimates of $185.78 million. During the same period in the previous year, the company posted $0.10 EPS. Atlassian Corporation PLC’s revenue for the quarter was up 41.7% on a year-over-year basis. research analysts expect that Atlassian Corporation PLC will post -0.13 earnings per share for the current fiscal year.

Several brokerages recently weighed in on TEAM. KeyCorp reaffirmed a “sector weight” rating on shares of Atlassian Corporation PLC in a report on Monday, September 18th. Summit Redstone reiterated a “buy” rating on shares of Atlassian Corporation PLC in a research note on Thursday, October 19th. Zacks Investment Research lowered shares of Atlassian Corporation PLC from a “buy” rating to a “hold” rating in a research note on Saturday. BTIG Research reiterated a “neutral” rating on shares of Atlassian Corporation PLC in a research note on Tuesday, August 15th. Finally, Cowen and Company restated a “buy” rating and set a $43.00 target price on shares of Atlassian Corporation PLC in a research report on Friday, July 28th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Atlassian Corporation PLC presently has a consensus rating of “Buy” and an average target price of $49.20.

Atlassian Corporation PLC Profile

Atlassian Corporation Plc is a holding company. The Company offers a range of team collaboration products. The Company offers products, including JIRA, Confluence, HipChat, Bitbucket and JIRA Service Desk, for software developers, information technology (IT) managers and knowledge workers. The Company offers JIRA for team planning and project management; Confluence for team content creation and sharing; HipChat for team real-time messaging and communications; Bitbucket for team code sharing and management, and JIRA Service Desk for team service and support applications.

Institutional Ownership by Quarter for Atlassian Corporation PLC (NASDAQ:TEAM)

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