Tokio Marine Asset Management Co. Ltd. Acquires 238 Shares of Atlassian Co. (NASDAQ:TEAM)

Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Atlassian Co. (NASDAQ:TEAM) by 5.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,836 shares of the technology company’s stock after buying an additional 238 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Atlassian were worth $768,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of TEAM. Asset Dedication LLC raised its holdings in shares of Atlassian by 229.8% in the second quarter. Asset Dedication LLC now owns 155 shares of the technology company’s stock valued at $27,000 after purchasing an additional 108 shares during the last quarter. Trust Co. of Vermont lifted its position in Atlassian by 2,175.0% during the second quarter. Trust Co. of Vermont now owns 182 shares of the technology company’s stock worth $32,000 after acquiring an additional 174 shares during the last quarter. Rothschild Investment LLC bought a new stake in Atlassian in the 2nd quarter valued at $36,000. Crewe Advisors LLC acquired a new position in Atlassian in the 1st quarter valued at $43,000. Finally, GAMMA Investing LLC grew its stake in shares of Atlassian by 68.6% in the third quarter. GAMMA Investing LLC now owns 236 shares of the technology company’s stock valued at $37,000 after acquiring an additional 96 shares in the last quarter. Institutional investors own 93.03% of the company’s stock.

Wall Street Analyst Weigh In

TEAM has been the topic of a number of analyst reports. Barclays decreased their target price on shares of Atlassian from $275.00 to $250.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. KeyCorp upgraded Atlassian from a “sector weight” rating to an “overweight” rating and set a $260.00 target price for the company in a research report on Friday, November 1st. Robert W. Baird raised their price target on Atlassian from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. BMO Capital Markets upped their price objective on shares of Atlassian from $177.00 to $255.00 and gave the stock a “market perform” rating in a research report on Friday, November 1st. Finally, Morgan Stanley raised their target price on shares of Atlassian from $216.00 to $224.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Nine equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Atlassian presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.21.

Insider Buying and Selling at Atlassian

In other news, CEO Scott Farquhar sold 7,948 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $164.81, for a total transaction of $1,309,909.88. Following the completion of the sale, the chief executive officer now directly owns 182,804 shares of the company’s stock, valued at $30,127,927.24. This trade represents a 4.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Anutthara Bharadwaj sold 760 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $163.11, for a total transaction of $123,963.60. Following the sale, the president now owns 143,966 shares of the company’s stock, valued at $23,482,294.26. This trade represents a 0.53 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 246,248 shares of company stock valued at $45,553,294. Corporate insiders own 38.55% of the company’s stock.

Atlassian Stock Down 4.0 %

Shares of NASDAQ:TEAM opened at $240.04 on Friday. The business has a fifty day simple moving average of $186.37 and a 200 day simple moving average of $174.14. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.96. The firm has a market cap of $62.51 billion, a P/E ratio of -157.92 and a beta of 0.71. Atlassian Co. has a 12-month low of $135.29 and a 12-month high of $258.69.

Atlassian (NASDAQ:TEAM) last released its earnings results on Thursday, October 31st. The technology company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.13. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.16 billion. Atlassian had a negative net margin of 8.59% and a negative return on equity of 23.35%. Atlassian’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.07) EPS. Analysts predict that Atlassian Co. will post -0.56 earnings per share for the current year.

About Atlassian

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.