Atlassian Corporation PLC’s (TEAM) Buy Rating Reiterated at Robert W. Baird

Robert W. Baird reaffirmed their buy rating on shares of Atlassian Corporation PLC (NASDAQ:TEAM) in a research report sent to investors on Thursday, September 14th. Robert W. Baird currently has a $43.00 price objective on the technology company’s stock.

A number of other brokerages have also recently weighed in on TEAM. BMO Capital Markets reiterated a market perform rating and issued a $42.00 target price (up previously from $40.00) on shares of Atlassian Corporation PLC in a report on Wednesday, July 26th. Cowen and Company reiterated a buy rating and issued a $43.00 target price on shares of Atlassian Corporation PLC in a report on Friday, July 28th. Zacks Investment Research upgraded Atlassian Corporation PLC from a hold rating to a strong-buy rating and set a $45.00 target price on the stock in a report on Friday, July 28th. ValuEngine upgraded Atlassian Corporation PLC from a sell rating to a hold rating in a research note on Friday, June 2nd. Finally, Jefferies Group LLC restated a buy rating and set a $41.00 price objective on shares of Atlassian Corporation PLC in a research note on Friday, June 2nd. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $40.50.

Shares of Atlassian Corporation PLC (NASDAQ:TEAM) opened at 35.17 on Thursday. The stock’s market cap is $7.99 billion. The firm has a 50-day moving average price of $35.42 and a 200-day moving average price of $34.21. Atlassian Corporation PLC has a 1-year low of $23.80 and a 1-year high of $39.25.

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Institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its holdings in Atlassian Corporation PLC by 895.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,166 shares of the technology company’s stock valued at $111,000 after buying an additional 2,848 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Atlassian Corporation PLC by 0.8% in the second quarter. Russell Investments Group Ltd. now owns 5,549 shares of the technology company’s stock valued at $196,000 after buying an additional 46 shares during the last quarter. Teza Capital Management LLC bought a new stake in Atlassian Corporation PLC in the first quarter valued at about $215,000. BlueCrest Capital Management Ltd bought a new stake in Atlassian Corporation PLC in the first quarter valued at about $221,000. Finally, Virtu KCG Holdings LLC bought a new stake in Atlassian Corporation PLC in the second quarter valued at about $287,000. 78.57% of the stock is owned by hedge funds and other institutional investors.

Atlassian Corporation PLC Company Profile

Atlassian Corporation Plc is a holding company. The Company offers a range of team collaboration products. The Company offers products, including JIRA, Confluence, HipChat, Bitbucket and JIRA Service Desk, for software developers, information technology (IT) managers and knowledge workers. The Company offers JIRA for team planning and project management; Confluence for team content creation and sharing; HipChat for team real-time messaging and communications; Bitbucket for team code sharing and management, and JIRA Service Desk for team service and support applications.

Analyst Recommendations for Atlassian Corporation PLC (NASDAQ:TEAM)

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