Selz Capital LLC acquired a new stake in Atlassian Co. PLC (NASDAQ:TEAM) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 61,000 shares of the technology company’s stock, valued at approximately $7,340,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Resources Management Corp CT ADV purchased a new stake in Atlassian in the third quarter valued at approximately $25,000. Captrust Financial Advisors raised its position in Atlassian by 233.3% in the second quarter. Captrust Financial Advisors now owns 300 shares of the technology company’s stock valued at $39,000 after purchasing an additional 210 shares during the period. Allred Capital Management LLC purchased a new stake in Atlassian in the fourth quarter valued at approximately $41,000. Baldwin Brothers Inc. MA purchased a new stake in Atlassian in the third quarter valued at approximately $50,000. Finally, Tower Research Capital LLC TRC raised its position in Atlassian by 1,870.0% in the second quarter. Tower Research Capital LLC TRC now owns 394 shares of the technology company’s stock valued at $52,000 after purchasing an additional 374 shares during the period. Hedge funds and other institutional investors own 87.04% of the company’s stock.
A number of brokerages have issued reports on TEAM. Needham & Company LLC reissued a “hold” rating on shares of Atlassian in a research report on Sunday, October 20th. SunTrust Banks started coverage on Atlassian in a research report on Wednesday, October 2nd. They set a “buy” rating and a $162.00 price objective on the stock. Cleveland Research started coverage on Atlassian in a research report on Friday, December 20th. They set a “buy” rating and a $132.00 price objective on the stock. Zacks Investment Research raised Atlassian from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 24th. Finally, Bank of America raised Atlassian from a “neutral” rating to a “buy” rating in a research report on Monday, October 28th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $142.65.
Shares of NASDAQ:TEAM traded up $0.20 on Thursday, hitting $135.35. 15,440 shares of the company’s stock were exchanged, compared to its average volume of 1,193,570. The firm’s 50-day moving average is $124.13 and its 200 day moving average is $129.25. The company has a market capitalization of $16.36 billion, a PE ratio of -794.03, a P/E/G ratio of 130.92 and a beta of 1.24. Atlassian Co. PLC has a 1-year low of $87.18 and a 1-year high of $149.80.
Atlassian (NASDAQ:TEAM) last released its quarterly earnings data on Thursday, October 17th. The technology company reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The business had revenue of $363.40 million during the quarter, compared to analysts’ expectations of $351.79 million. Atlassian had a negative return on equity of 2.76% and a negative net margin of 24.95%. The business’s quarterly revenue was up 36.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.20 EPS. Equities analysts predict that Atlassian Co. PLC will post 0.05 EPS for the current fiscal 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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