Atlassian Co. (NASDAQ:TEAM) Stock Holdings Decreased by Nicholas Company Inc.

Nicholas Company Inc. reduced its position in Atlassian Co. (NASDAQ:TEAM) by 19.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 193,429 shares of the technology company’s stock after selling 46,036 shares during the period. Nicholas Company Inc. owned about 0.07% of Atlassian worth $47,077,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TEAM. Point72 Asset Management L.P. lifted its stake in shares of Atlassian by 760.5% in the third quarter. Point72 Asset Management L.P. now owns 698,775 shares of the technology company’s stock worth $110,972,000 after buying an additional 617,566 shares during the last quarter. Two Sigma Advisers LP increased its holdings in Atlassian by 122.0% in the 3rd quarter. Two Sigma Advisers LP now owns 1,003,600 shares of the technology company’s stock valued at $159,382,000 after buying an additional 551,500 shares during the period. Westfield Capital Management Co. LP bought a new stake in shares of Atlassian in the 3rd quarter worth about $57,149,000. Parnassus Investments LLC grew its holdings in shares of Atlassian by 322.9% in the 3rd quarter. Parnassus Investments LLC now owns 321,240 shares of the technology company’s stock worth $51,016,000 after purchasing an additional 245,286 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in 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 worth $55,521,000 after buying an additional 226,246 shares in the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Atlassian news, CAO Gene Liu sold 568 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $312.08, for a total transaction of $177,261.44. Following the sale, the chief accounting officer now owns 52,142 shares in the company, valued at $16,272,475.36. This represents a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael Cannon-Brookes sold 7,948 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $227.55, for a total value of $1,808,567.40. Following the transaction, the chief executive officer now directly owns 103,324 shares of the company’s stock, valued at $23,511,376.20. This trade represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 272,501 shares of company stock valued at $74,167,124 over the last quarter. Company insiders own 38.55% of the company’s stock.

Wall Street Analyst Weigh In

TEAM has been the topic of a number of analyst reports. 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 research report on Friday, December 20th. Mizuho boosted their price target on Atlassian from $285.00 to $355.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Morgan Stanley boosted their price target on Atlassian from $315.00 to $370.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Raymond James reiterated an “outperform” rating and set a $330.00 price target (up previously from $250.00) on shares of Atlassian in a report on Friday, January 31st. Finally, Barclays boosted their price objective on Atlassian from $275.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Eight equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $319.71.

Atlassian Trading Up 5.0 %

NASDAQ:TEAM opened at $218.44 on Friday. The stock has a 50-day simple moving average of $273.44 and a 200-day simple moving average of $234.20. The stock has a market cap of $57.23 billion, a P/E ratio of -163.01 and a beta of 0.91. Atlassian Co. has a 1 year low of $135.29 and a 1 year 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 posted its quarterly earnings data on Thursday, January 30th. The technology company reported ($0.12) EPS 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%. As a group, analysts anticipate that Atlassian Co. will post -0.34 earnings per share for the current fiscal year.

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.