Neuberger Berman Group LLC lessened its stake in Atlassian Co. Plc (NASDAQ:TEAM – Get Rating) by 2.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 200,535 shares of the technology company’s stock after selling 4,613 shares during the period. Neuberger Berman Group LLC’s holdings in Atlassian were worth $58,923,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Bank of New Hampshire bought a new position in Atlassian in the 1st quarter worth approximately $26,000. Core Alternative Capital raised its position in Atlassian by 1,383.3% in the 1st quarter. Core Alternative Capital now owns 89 shares of the technology company’s stock worth $26,000 after purchasing an additional 83 shares during the last quarter. Addison Advisors LLC raised its position in Atlassian by 2,475.0% in the 1st quarter. Addison Advisors LLC now owns 103 shares of the technology company’s stock worth $30,000 after purchasing an additional 99 shares during the last quarter. IndexIQ Advisors LLC bought a new position in Atlassian in the 1st quarter worth approximately $30,000. Finally, San Luis Wealth Advisors LLC bought a new position in Atlassian in the 1st quarter worth approximately $40,000. Institutional investors own 87.29% of the company’s stock.
Atlassian Price Performance
Shares of NASDAQ TEAM opened at $242.90 on Monday. The firm has a market cap of $35.19 billion, a PE ratio of -99.96 and a beta of 0.94. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.98. Atlassian Co. Plc has a 1-year low of $159.54 and a 1-year high of $483.13. The company has a fifty day moving average price of $238.44 and a 200 day moving average price of $231.28.
Analyst Ratings Changes
TEAM has been the subject of several recent research reports. Cowen dropped their target price on shares of Atlassian from $285.00 to $245.00 in a research report on Friday, July 22nd. Cowen dropped their target price on shares of Atlassian from $285.00 to $245.00 in a research report on Friday, July 22nd. The Goldman Sachs Group upgraded shares of Atlassian from a “neutral” rating to a “buy” rating and upped their target price for the company from $279.00 to $300.00 in a research report on Monday, June 27th. KeyCorp dropped their target price on shares of Atlassian from $338.00 to $278.00 and set an “overweight” rating for the company in a research report on Friday, July 22nd. Finally, Robert W. Baird dropped their target price on shares of Atlassian from $520.00 to $380.00 and set an “outperform” rating for the company in a research report on Friday, August 5th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $327.42.
Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its products include Jira Software and Jira Work Management, 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 organizations to build and manage a master plan that maps strategic projects to the various work streams required to deliver them; and Opsgenie, an incident management tool that enables IT teams to plan for and respond to service disruptions.
- Get a free copy of the StockNews.com research report on Atlassian (TEAM)
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