Daiwa Securities Group Inc. increased its holdings in shares of Atlassian Co. PLC (NASDAQ:TEAM) by 128.8% during the fourth quarter, HoldingsChannel reports. The firm owned 204,503 shares of the technology company’s stock after buying an additional 115,106 shares during the period. Daiwa Securities Group Inc.’s holdings in Atlassian were worth $9,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in TEAM. Artisan Partners Limited Partnership lifted its holdings in shares of Atlassian by 28.4% during the third quarter. Artisan Partners Limited Partnership now owns 7,543,086 shares of the technology company’s stock valued at $265,139,000 after purchasing an additional 1,668,292 shares in the last quarter. State Street Corp lifted its holdings in shares of Atlassian by 79.5% during the second quarter. State Street Corp now owns 995,220 shares of the technology company’s stock valued at $35,012,000 after purchasing an additional 440,847 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Atlassian during the second quarter valued at $12,263,000. Goldman Sachs Group Inc. lifted its holdings in shares of Atlassian by 160.9% during the second quarter. Goldman Sachs Group Inc. now owns 556,767 shares of the technology company’s stock valued at $19,587,000 after purchasing an additional 343,360 shares in the last quarter. Finally, Paulson & CO. Inc. lifted its holdings in shares of Atlassian by 152.8% during the second quarter. Paulson & CO. Inc. now owns 397,900 shares of the technology company’s stock valued at $13,998,000 after purchasing an additional 240,485 shares in the last quarter. 80.79% of the stock is currently owned by hedge funds and other institutional investors.

Atlassian Co. PLC (NASDAQ TEAM) opened at $50.19 on Friday. Atlassian Co. PLC has a 1-year low of $27.96 and a 1-year high of $55.91. The firm has a market capitalization of $11,970.00 and a PE ratio of -98.41.

A number of brokerages have recently issued reports on TEAM. Jefferies Group upped their price target on Atlassian to $64.00 and gave the company a “buy” rating in a report on Friday, January 19th. BMO Capital Markets reaffirmed a “market perform” rating and set a $56.00 price target (up from $51.00) on shares of Atlassian in a report on Friday, January 19th. They noted that the move was a valuation call. Morgan Stanley set a $63.00 price target on Atlassian and gave the company a “buy” rating in a report on Friday, January 19th. BidaskClub raised Atlassian from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 18th. Finally, Zacks Investment Research downgraded Atlassian from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Atlassian has a consensus rating of “Buy” and an average target price of $55.90.

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Atlassian 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 (NASDAQ:TEAM)

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