Leelyn Smith LLC Purchases 880 Shares of Atlassian Co. (NASDAQ:TEAM)

Leelyn Smith LLC grew its position in Atlassian Co. (NASDAQ:TEAM) by 14.1% during the second quarter, HoldingsChannel reports. The firm owned 7,135 shares of the technology company’s stock after buying an additional 880 shares during the period. Leelyn Smith LLC’s holdings in Atlassian were worth $1,262,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TEAM. Vanguard Group Inc. lifted its position in shares of Atlassian by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 15,355,652 shares of the technology company’s stock valued at $3,652,495,000 after acquiring an additional 504,181 shares during the period. Diversified Trust Co raised its holdings in Atlassian by 27.6% during the first quarter. Diversified Trust Co now owns 14,036 shares of the technology company’s stock worth $2,739,000 after buying an additional 3,035 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Atlassian by 7.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 142,087 shares of the technology company’s stock worth $27,723,000 after buying an additional 10,434 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Atlassian by 2.1% during the first quarter. State Board of Administration of Florida Retirement System now owns 175,350 shares of the technology company’s stock worth $34,213,000 after buying an additional 3,687 shares during the last quarter. Finally, Alberta Investment Management Corp raised its holdings in Atlassian by 16.1% during the fourth quarter. Alberta Investment Management Corp now owns 96,211 shares of the technology company’s stock worth $22,885,000 after buying an additional 13,328 shares during the last quarter. 93.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on TEAM. Baird R W downgraded shares of Atlassian from a “strong-buy” rating to a “hold” rating in a report on Friday, August 2nd. StockNews.com downgraded shares of Atlassian from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Capital One Financial upgraded shares of Atlassian from an “equal weight” rating to an “overweight” rating and set a $211.00 price objective on the stock in a report on Thursday, July 11th. Barclays lowered their target price on shares of Atlassian from $275.00 to $250.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Finally, Mizuho lowered their target price on shares of Atlassian from $225.00 to $220.00 and set an “outperform” rating for the company in a report on Tuesday, July 16th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $217.69.

Atlassian Price Performance

Shares of NASDAQ:TEAM opened at $163.74 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $42.58 billion, a PE ratio of -259.90 and a beta of 0.73. Atlassian Co. has a twelve month low of $135.29 and a twelve month high of $258.69. The company has a 50-day moving average price of $163.71 and a two-hundred day moving average price of $177.13.

Atlassian (NASDAQ:TEAM) last issued its earnings results on Thursday, August 1st. The technology company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.07. Atlassian had a negative net margin of 6.89% and a negative return on equity of 17.69%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the business earned ($0.21) earnings per share. The company’s quarterly revenue was up 20.5% on a year-over-year basis. Equities analysts forecast that Atlassian Co. will post -0.58 EPS for the current year.

Insider Activity

In other news, President Anutthara Bharadwaj sold 760 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $160.00, for a total value of $121,600.00. Following the completion of the transaction, the president now directly owns 153,294 shares in the company, valued at $24,527,040. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Scott Farquhar sold 7,948 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $163.82, for a total value of $1,302,041.36. Following the sale, the director now directly owns 119,220 shares of the company’s stock, valued at $19,530,620.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Anutthara Bharadwaj sold 760 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $160.00, for a total transaction of $121,600.00. Following the completion of the sale, the president now directly owns 153,294 shares in the company, valued at $24,527,040. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 240,159 shares of company stock worth $40,166,893. 40.48% of the stock is owned by company insiders.

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.