Capital Asset Advisory Services LLC purchased a new position in shares of Atlassian Co. Plc (NASDAQ:TEAM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 428 shares of the technology company’s stock, valued at approximately $100,000.
Several other institutional investors and hedge funds have also bought and sold shares of TEAM. Veriti Management LLC bought a new stake in shares of Atlassian during the fourth quarter worth approximately $25,000. Neo Ivy Capital Management acquired a new stake in Atlassian in the fourth quarter worth $28,000. Creative Financial Designs Inc. ADV boosted its position in shares of Atlassian by 52.6% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 145 shares of the technology company’s stock worth $34,000 after purchasing an additional 50 shares in the last quarter. Front Row Advisors LLC grew its holdings in shares of Atlassian by 90.9% in the 3rd quarter. Front Row Advisors LLC now owns 210 shares of the technology company’s stock valued at $47,000 after buying an additional 100 shares during the period. Finally, Hall Laurie J Trustee raised its stake in Atlassian by 330.0% during the 4th quarter. Hall Laurie J Trustee now owns 215 shares of the technology company’s stock worth $50,000 after buying an additional 165 shares during the period. 91.46% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have issued reports on the company. KeyCorp increased their price target on Atlassian from $255.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, January 29th. Canaccord Genuity boosted their price objective on Atlassian from $225.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, January 29th. BMO Capital Markets boosted their price objective on Atlassian from $235.00 to $260.00 and gave the company a “market perform” rating in a research report on Friday, January 29th. William Blair reiterated an “outperform” rating on shares of Atlassian in a research report on Tuesday, February 2nd. Finally, Mizuho boosted their price objective on Atlassian from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, January 29th. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $235.94.
Atlassian (NASDAQ:TEAM) last released its earnings results on Wednesday, January 27th. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.05. The company had revenue of $501.40 million for the quarter, compared to analyst estimates of $473.87 million. Atlassian had a positive return on equity of 2.57% and a negative net margin of 25.82%. Atlassian’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.37 EPS. As a group, equities analysts anticipate that Atlassian Co. Plc will post 0.06 EPS for the current year.
Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. It provides project tracking, content creation and sharing, and service management products. The company's products include JIRA, a workflow management system that enables teams to plan, organize, track, and manage their work and projects; Confluence, a content collaboration platform that is used to create, share, organize, and discuss projects; and Trello, a collaboration and organization product, which captures and adds structure to fluid fast-forming work for teams.
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