ASR Vermogensbeheer N.V. Buys 1,823 Shares of Atlassian Corporation PLC $TEAM

ASR Vermogensbeheer N.V. lifted its stake in Atlassian Corporation PLC (NASDAQ:TEAM) by 11.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,085 shares of the technology company’s stock after buying an additional 1,823 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Atlassian were worth $3,673,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Nuveen LLC bought a new position in Atlassian in the first quarter worth $327,665,000. AQR Capital Management LLC lifted its position in Atlassian by 145.6% in the first quarter. AQR Capital Management LLC now owns 1,715,287 shares of the technology company’s stock worth $354,858,000 after purchasing an additional 1,016,902 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Atlassian by 21.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,440,813 shares of the technology company’s stock worth $730,175,000 after acquiring an additional 616,071 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Atlassian by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 16,993,537 shares of the technology company’s stock worth $3,606,198,000 after acquiring an additional 580,583 shares during the period. Finally, Baillie Gifford & Co. lifted its holdings in shares of Atlassian by 7.1% during the 1st quarter. Baillie Gifford & Co. now owns 8,694,755 shares of the technology company’s stock worth $1,845,114,000 after acquiring an additional 573,696 shares during the period. Institutional investors own 94.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TEAM shares. UBS Group reaffirmed a “hold” rating on shares of Atlassian in a report on Monday, July 7th. Capital One Financial cut shares of Atlassian from an “overweight” rating to an “equal weight” rating and set a $211.00 price target for the company. in a research note on Wednesday, July 16th. Bank of America assumed coverage on Atlassian in a research report on Tuesday, September 23rd. They set a “neutral” rating and a $200.00 target price for the company. Wall Street Zen upgraded Atlassian from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Finally, Mizuho cut their target price on Atlassian from $265.00 to $235.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Atlassian has an average rating of “Moderate Buy” and a consensus target price of $248.74.

Insider Activity

In other Atlassian news, Director Scott Belsky purchased 1,566 shares of the stock in a transaction dated Wednesday, October 1st. The stock was bought at an average price of $153.10 per share, for a total transaction of $239,754.60. Following the transaction, the director directly owned 3,021 shares in the company, valued at $462,515.10. This represents a 107.63% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $152.50, for a total transaction of $1,168,912.50. Following the sale, the chief executive officer directly owned 482,895 shares of the company’s stock, valued at $73,641,487.50. This represents a 1.56% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 551,608 shares of company stock valued at $99,222,126. Company insiders own 38.55% of the company’s stock.

Atlassian Trading Down 0.4%

Shares of NASDAQ TEAM opened at $150.49 on Friday. Atlassian Corporation PLC has a 1-year low of $147.40 and a 1-year high of $326.00. The company has a market cap of $39.48 billion, a PE ratio of -152.01 and a beta of 0.92. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.73. The company has a 50-day moving average of $171.67 and a two-hundred day moving average of $195.63.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.36 billion. Atlassian had a negative net margin of 4.92% and a negative return on equity of 14.77%. Atlassian’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 earnings per share. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, equities analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal 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.