Atlassian Corporation PLC $TEAM Shares Newly Acquired by Englebert Financial Advisers LLC

Englebert Financial Advisers LLC purchased a new position in Atlassian Corporation PLC (NASDAQ:TEAM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,804 shares of the technology company’s stock, valued at approximately $861,000. Atlassian makes up approximately 0.9% of Englebert Financial Advisers LLC’s portfolio, making the stock its 29th biggest position.

Several other institutional investors have also added to or reduced their stakes in the business. Quadrant Capital Group LLC raised its position in shares of Atlassian by 5.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 24,322 shares of the technology company’s stock valued at $4,361,000 after purchasing an additional 1,236 shares during the last quarter. Capstone Capital Management Ltd acquired a new stake in Atlassian in the 3rd quarter worth approximately $201,000. Physician Wealth Advisors Inc. boosted its stake in Atlassian by 142.4% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 337 shares of the technology company’s stock worth $60,000 after purchasing an additional 198 shares in the last quarter. Pinnacle Associates Ltd. grew its position in Atlassian by 89.6% during the 3rd quarter. Pinnacle Associates Ltd. now owns 5,330 shares of the technology company’s stock worth $956,000 after purchasing an additional 2,519 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Atlassian by 456.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 15,448 shares of the technology company’s stock worth $2,770,000 after purchasing an additional 12,671 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TEAM shares. UBS Group set a $280.00 price target on shares of Atlassian in a research note on Monday. Citigroup lifted their price objective on shares of Atlassian from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Tuesday. Weiss Ratings reissued a “sell (e+)” rating on shares of Atlassian in a report on Thursday, October 15th. Zacks Research lowered shares of Atlassian from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, Morgan Stanley upped their target price on Atlassian from $120.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Twenty-five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Atlassian has a consensus rating of “Moderate Buy” and an average price target of $209.15.

Insider Transactions at Atlassian

In other news, CAO Gene Liu sold 337 shares of the stock in a transaction on Monday, October 12th. The shares were sold at an average price of $210.00, for a total value of $70,770.00. Following the sale, the chief accounting officer owned 55,531 shares in the company, valued at $11,661,510. This represents a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James Chuong sold 9,054 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $172.45, for a total transaction of $1,561,362.30. Following the transaction, the chief financial officer directly owned 279,218 shares of the company’s stock, valued at approximately $48,151,144.10. This trade represents a 3.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 22,475 shares of company stock worth $3,822,643 over the last 90 days. 37.63% of the stock is currently owned by company insiders.

Atlassian Trading Up 3.0%

Atlassian stock opened at $221.11 on Wednesday. The stock has a 50-day moving average price of $187.39 and a 200 day moving average price of $122.60. The company has a market capitalization of $56.11 billion, a price-to-earnings ratio of -1,163.74, a price-to-earnings-growth ratio of 22.90 and a beta of 1.22. Atlassian Corporation PLC has a 52 week low of $56.01 and a 52 week high of $223.70. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.93.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Friday, August 7th. The technology company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.37. Atlassian had a negative net margin of 0.82% and a positive return on equity of 20.99%. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the prior year, the company earned $0.98 EPS. Atlassian’s quarterly revenue was up 27.6% on a year-over-year basis. Sell-side analysts anticipate that Atlassian Corporation PLC will post 0.69 EPS for the current year.

Atlassian Company Profile

Atlassian Corporation develops collaboration, project-management and workflow software for technology, business and service teams. Its products are designed to help organizations plan projects, manage software development, coordinate work and share knowledge across departments.

Its product portfolio includes Jira for project and issue tracking, Confluence for team collaboration and knowledge management, Jira Service Management for IT and enterprise service workflows, Trello for organizing tasks and projects, Loom for video messaging and screen recording, and Bitbucket for source-code management and collaboration.