Atlassian Co. (NASDAQ:TEAM) is Hardman Johnston Global Advisors LLC’s 5th Largest Position

Hardman Johnston Global Advisors LLC grew its stake in shares of Atlassian Co. (NASDAQ:TEAM) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 528,349 shares of the technology company’s stock after acquiring an additional 4,421 shares during the period. Atlassian accounts for 5.3% of Hardman Johnston Global Advisors LLC’s investment portfolio, making the stock its 5th biggest holding. Hardman Johnston Global Advisors LLC owned 0.20% of Atlassian worth $128,590,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Y Intercept Hong Kong Ltd grew its holdings in Atlassian by 64.2% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 31,292 shares of the technology company’s stock valued at $7,616,000 after purchasing an additional 12,239 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Atlassian during the 4th quarter worth $2,976,000. Howard Capital Management Inc. grew its stake in Atlassian by 3.2% in the 4th quarter. Howard Capital Management Inc. now owns 4,369 shares of the technology company’s stock valued at $1,063,000 after buying an additional 134 shares during the last quarter. Fisher Funds Management LTD bought a new position in Atlassian in the 4th quarter worth $47,469,000. Finally, Transcend Capital Advisors LLC bought a new position in Atlassian in the 4th quarter worth $305,000. 94.45% of the stock is owned by institutional investors and hedge funds.

Atlassian Trading Down 4.2 %

TEAM opened at $285.99 on Monday. The firm’s fifty day moving average is $272.98 and its two-hundred day moving average is $223.88. The firm has a market cap of $74.93 billion, a PE ratio of -213.42 and a beta of 0.87. Atlassian Co. has a twelve month low of $135.29 and a twelve month high of $326.00. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.24 and a current ratio of 1.24.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings data on Thursday, January 30th. The technology company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.85). Atlassian had a negative net margin of 7.22% and a negative return on equity of 17.37%. Equities research analysts anticipate that Atlassian Co. will post -0.34 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TEAM shares. The Goldman Sachs Group raised their price target on Atlassian from $245.00 to $370.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Oppenheimer lifted their price target on Atlassian from $300.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Jefferies Financial Group increased their price objective on Atlassian from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Wells Fargo & Company boosted their target price on shares of Atlassian from $350.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Canaccord Genuity Group increased their price target on shares of Atlassian from $255.00 to $285.00 and gave the company a “buy” rating in a report on Friday, December 20th. Eight analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, Atlassian has an average rating of “Moderate Buy” and a consensus price target of $319.71.

Insider Transactions at Atlassian

In other Atlassian news, President Anutthara Bharadwaj sold 1,723 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $305.84, for a total transaction of $526,962.32. Following the completion of the transaction, the president now owns 199,934 shares in the company, valued at approximately $61,147,814.56. This represents a 0.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scott Farquhar sold 7,948 shares of Atlassian stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $265.96, for a total value of $2,113,850.08. Following the completion of the sale, the director now directly owns 158,960 shares in the company, valued at $42,277,001.60. This represents a 4.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 275,501 shares of company stock valued at $75,480,290 over the last 90 days. 38.55% of the stock is owned by company insiders.

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.