Quantum Capital Management LLC NJ raised its holdings in Atlassian Corporation PLC (NASDAQ:TEAM) by 2.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 132,017 shares of the technology company’s stock after acquiring an additional 2,787 shares during the quarter. Atlassian Corporation PLC accounts for about 1.4% of Quantum Capital Management LLC NJ’s portfolio, making the stock its 24th biggest holding. Quantum Capital Management LLC NJ owned 0.06% of Atlassian Corporation PLC worth $4,644,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Russell Investments Group Ltd. lifted its holdings in Atlassian Corporation PLC by 0.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 5,549 shares of the technology company’s stock valued at $196,000 after acquiring an additional 46 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Atlassian Corporation PLC by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 55,951 shares of the technology company’s stock valued at $1,676,000 after acquiring an additional 480 shares during the last quarter. Teachers Advisors LLC lifted its holdings in Atlassian Corporation PLC by 12.8% in the 4th quarter. Teachers Advisors LLC now owns 24,270 shares of the technology company’s stock valued at $584,000 after acquiring an additional 2,755 shares during the last quarter. Gilder Gagnon Howe & Co. LLC lifted its holdings in Atlassian Corporation PLC by 0.6% in the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 505,197 shares of the technology company’s stock valued at $15,131,000 after acquiring an additional 3,256 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Atlassian Corporation PLC by 36.0% in the 2nd quarter. Legal & General Group Plc now owns 17,681 shares of the technology company’s stock valued at $622,000 after acquiring an additional 4,683 shares during the last quarter. 78.57% of the stock is owned by institutional investors.

Atlassian Corporation PLC (TEAM) traded up 4.85% during trading on Thursday, reaching $35.46. The company had a trading volume of 200,370 shares. The company’s market capitalization is $8.01 billion. Atlassian Corporation PLC has a 52-week low of $23.80 and a 52-week high of $39.25. The company has a 50 day moving average price of $35.66 and a 200 day moving average price of $33.95.

TEAM has been the subject of a number of research analyst reports. Morgan Stanley raised shares of Atlassian Corporation PLC from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $35.00 to $45.00 in a report on Tuesday, July 25th. Jefferies Group LLC restated a “buy” rating and set a $41.00 price objective on shares of Atlassian Corporation PLC in a report on Friday, June 2nd. BMO Capital Markets restated a “market perform” rating and set a $42.00 price objective (up previously from $40.00) on shares of Atlassian Corporation PLC in a report on Wednesday, July 26th. Robert W. Baird restated a “buy” rating and set a $43.00 price objective on shares of Atlassian Corporation PLC in a report on Thursday, August 31st. Finally, Zacks Investment Research upgraded Atlassian Corporation PLC from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Friday, July 14th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $40.10.

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Atlassian Corporation PLC 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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