State Board of Administration of Florida Retirement System Has $1.51 Million Stake in Atlassian Corporation PLC (TEAM)

State Board of Administration of Florida Retirement System grew its position in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 14.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,055 shares of the technology company’s stock after purchasing an additional 5,440 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Atlassian Corporation PLC were worth $1,513,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Thompson Davis & CO. Inc. raised its stake in shares of Atlassian Corporation PLC by 431.8% during the third quarter. Thompson Davis & CO. Inc. now owns 2,925 shares of the technology company’s stock valued at $103,000 after purchasing an additional 2,375 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Atlassian Corporation PLC by 895.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,166 shares of the technology company’s stock valued at $111,000 after purchasing an additional 2,848 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Atlassian Corporation PLC by 0.8% in the second quarter. Russell Investments Group Ltd. now owns 5,549 shares of the technology company’s stock worth $196,000 after buying an additional 46 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new stake in shares of Atlassian Corporation PLC in the third quarter worth $232,000. Finally, BlueCrest Capital Management Ltd increased its stake in shares of Atlassian Corporation PLC by 10.0% in the second quarter. BlueCrest Capital Management Ltd now owns 8,133 shares of the technology company’s stock worth $286,000 after buying an additional 741 shares during the last quarter. Institutional investors own 74.43% of the company’s stock.

A number of analysts recently issued reports on the stock. KeyCorp restated a “sector weight” rating on shares of Atlassian Corporation PLC in a research note on Monday, September 18th. Summit Redstone restated a “buy” rating on shares of Atlassian Corporation PLC in a research note on Thursday, October 19th. BTIG Research restated a “neutral” rating on shares of Atlassian Corporation PLC in a research note on Tuesday, August 15th. Cowen and Company restated a “buy” rating and issued a $43.00 price target on shares of Atlassian Corporation PLC in a research note on Friday, July 28th. Finally, Canaccord Genuity restated a “buy” rating and issued a $52.00 price target (up previously from $44.00) on shares of Atlassian Corporation PLC in a research note on Friday, October 20th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $49.20.

Shares of Atlassian Corporation PLC (NASDAQ TEAM) opened at $52.43 on Friday. Atlassian Corporation PLC has a 12 month low of $23.80 and a 12 month high of $53.45.

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

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Atlassian Corporation PLC Company 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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