Sei Investments Co. cut its position in Atlassian Corporation PLC (NASDAQ:TEAM) by 15.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 262,291 shares of the technology company’s stock after selling 46,469 shares during the period. Sei Investments Co.’s holdings in Atlassian Corporation PLC were worth $9,227,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. TD Asset Management Inc. boosted its position in Atlassian Corporation PLC by 9.8% in the first quarter. TD Asset Management Inc. now owns 302,465 shares of the technology company’s stock worth $9,059,000 after buying an additional 27,100 shares in the last quarter. Teza Capital Management LLC bought a new position in Atlassian Corporation PLC during the first quarter worth about $215,000. UBS Asset Management Americas Inc. boosted its position in Atlassian Corporation PLC by 19.0% in the first quarter. UBS Asset Management Americas Inc. now owns 82,581 shares of the technology company’s stock worth $2,473,000 after buying an additional 13,212 shares in the last quarter. MUFG Americas Holdings Corp boosted its position in Atlassian Corporation PLC by 144.4% in the first quarter. MUFG Americas Holdings Corp now owns 21,650 shares of the technology company’s stock worth $648,000 after buying an additional 12,790 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Atlassian Corporation PLC by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 55,951 shares of the technology company’s stock worth $1,676,000 after buying an additional 480 shares in the last quarter. 81.51% of the stock is owned by institutional investors and hedge funds.

Atlassian Corporation PLC (TEAM) opened at 35.46 on Friday. The company’s 50 day moving average is $35.76 and its 200 day moving average is $32.85. The stock’s market cap is $8.01 billion. Atlassian Corporation PLC has a one year low of $23.80 and a one year high of $39.25.

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A number of research firms have issued reports on TEAM. BMO Capital Markets reaffirmed a “market perform” rating and issued a $42.00 price target (up previously from $40.00) on shares of Atlassian Corporation PLC in a report on Wednesday, July 26th. Zacks Investment Research raised shares of Atlassian Corporation PLC from a “hold” rating to a “strong-buy” rating and set a $45.00 price target for the company in a report on Friday, July 28th. Cowen and Company reaffirmed a “buy” rating and issued a $43.00 price target on shares of Atlassian Corporation PLC in a report on Friday, July 28th. ValuEngine raised shares of Atlassian Corporation PLC from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $41.00 price target on shares of Atlassian Corporation PLC in a report on Friday, June 2nd. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $38.73.

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.

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

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