American Century Companies Inc. Has $43.70 Million Holdings in Atlassian Co. (NASDAQ:TEAM)

American Century Companies Inc. decreased its holdings in Atlassian Co. (NASDAQ:TEAM) by 17.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 179,573 shares of the technology company’s stock after selling 37,480 shares during the period. American Century Companies Inc. owned about 0.07% of Atlassian worth $43,704,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Point72 Asset Management L.P. boosted its position in Atlassian by 760.5% during the third quarter. Point72 Asset Management L.P. now owns 698,775 shares of the technology company’s stock valued at $110,972,000 after purchasing an additional 617,566 shares during the last quarter. Two Sigma Advisers LP raised its stake in shares of Atlassian by 122.0% during the 3rd quarter. Two Sigma Advisers LP now owns 1,003,600 shares of the technology company’s stock worth $159,382,000 after purchasing an additional 551,500 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of Atlassian by 12,047.2% during the 4th quarter. Los Angeles Capital Management LLC now owns 228,124 shares of the technology company’s stock valued at $55,521,000 after buying an additional 226,246 shares during the last quarter. Fisher Funds Management LTD bought a new stake in shares of Atlassian in the 4th quarter valued at approximately $47,469,000. Finally, PointState Capital LP bought a new position in Atlassian during the third quarter valued at approximately $30,566,000. 94.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on TEAM shares. The Goldman Sachs Group boosted their target price on shares of Atlassian from $245.00 to $370.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Macquarie upped their price objective on shares of Atlassian from $290.00 to $317.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Morgan Stanley raised their target price on Atlassian from $315.00 to $370.00 and gave the company an “overweight” rating in a report on Friday, January 31st. BMO Capital Markets upgraded Atlassian from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $255.00 to $292.00 in a research note on Friday, January 10th. Finally, JMP Securities reissued a “market perform” rating on shares of Atlassian in a report on Friday, January 31st. Nine analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, Atlassian presently has a consensus rating of “Moderate Buy” and a consensus price target of $316.77.

Atlassian Stock Down 3.1 %

TEAM opened at $222.64 on Friday. The company has a market capitalization of $58.33 billion, a P/E ratio of -166.15 and a beta of 0.91. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.24 and a quick ratio of 1.24. The firm’s fifty day moving average price is $269.96 and its two-hundred day moving average price is $237.69. Atlassian Co. has a fifty-two week low of $135.29 and a fifty-two week high of $326.00.

Atlassian (NASDAQ:TEAM) last issued its earnings results on Thursday, January 30th. The technology company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.85). Atlassian had a negative net margin of 7.22% and a negative return on equity of 17.37%. On average, analysts anticipate that Atlassian Co. will post -0.34 EPS for the current year.

Insider Activity

In related news, CAO Gene Liu sold 568 shares of Atlassian stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $312.08, for a total transaction of $177,261.44. Following the completion of the transaction, the chief accounting officer now directly owns 52,142 shares of the company’s stock, valued at $16,272,475.36. This trade represents a 1.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael Cannon-Brookes sold 15,896 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $243.55, for a total transaction of $3,871,470.80. Following the completion of the transaction, the chief executive officer now owns 429,192 shares in the company, valued at approximately $104,529,711.60. This trade represents a 3.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 263,033 shares of company stock worth $70,644,164. Company insiders own 38.55% of the company’s stock.

Atlassian Company Profile

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.