Atlassian Corporation PLC (NASDAQ:TEAM) Given Buy Rating at Oppenheimer Holdings, Inc.

Atlassian Corporation PLC (NASDAQ:TEAM)‘s stock had its “buy” rating reiterated by Oppenheimer Holdings, Inc. in a research report issued to clients and investors on Friday, September 8th.

Several other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded Atlassian Corporation PLC from a “buy” rating to a “hold” rating in a report on Saturday, July 15th. Morgan Stanley raised Atlassian Corporation PLC from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $35.00 to $45.00 in a report on Tuesday, July 25th. ValuEngine raised Atlassian Corporation PLC from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $41.00 price target on shares of Atlassian Corporation PLC in a report on Friday, June 2nd. Finally, BMO Capital Markets increased their price target on Atlassian Corporation PLC from $33.00 to $40.00 and gave the stock a “market perform” rating in a report on Friday, July 7th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $40.50.

Shares of Atlassian Corporation PLC (TEAM) opened at 36.15 on Friday. Atlassian Corporation PLC has a 52-week low of $23.80 and a 52-week high of $39.25. The stock’s 50 day moving average is $35.43 and its 200 day moving average is $34.02. The stock’s market cap is $8.16 billion.

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Several hedge funds have recently made changes to their positions in the company. Lord Abbett & CO. LLC purchased a new position in shares of Atlassian Corporation PLC in the second quarter valued at $12,263,000. Public Employees Retirement System of Ohio increased its position in Atlassian Corporation PLC by 542.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 28,296 shares of the technology company’s stock worth $995,000 after purchasing an additional 23,891 shares in the last quarter. California State Teachers Retirement System increased its position in Atlassian Corporation PLC by 151.7% during the 2nd quarter. California State Teachers Retirement System now owns 130,281 shares of the technology company’s stock worth $4,583,000 after purchasing an additional 78,525 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Atlassian Corporation PLC by 895.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,166 shares of the technology company’s stock worth $111,000 after purchasing an additional 2,848 shares in the last quarter. Finally, BlueCrest Capital Management Ltd increased its position in Atlassian Corporation PLC by 10.0% during the 2nd quarter. BlueCrest Capital Management Ltd now owns 8,133 shares of the technology company’s stock worth $286,000 after purchasing an additional 741 shares in the last quarter. Institutional investors and hedge funds own 78.57% of the company’s stock.

About Atlassian Corporation PLC

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.

Analyst Recommendations for Atlassian Corporation PLC (NASDAQ:TEAM)

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