12,578 Shares in Atlassian Co. (NASDAQ:TEAM) Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA bought a new position in shares of Atlassian Co. (NASDAQ:TEAM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 12,578 shares of the technology company’s stock, valued at approximately $2,976,000.

A number of other institutional investors have also made changes to their positions in TEAM. Creative Planning increased its holdings in shares of Atlassian by 32.3% during the 3rd quarter. Creative Planning now owns 7,947 shares of the technology company’s stock worth $1,262,000 after acquiring an additional 1,941 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Atlassian by 37.0% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,925 shares of the technology company’s stock worth $306,000 after acquiring an additional 520 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Atlassian during the 3rd quarter worth approximately $97,350,000. Hennion & Walsh Asset Management Inc. grew its holdings in Atlassian by 36.5% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 1,869 shares of the technology company’s stock valued at $297,000 after buying an additional 500 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC grew its holdings in Atlassian by 2.1% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 3,428 shares of the technology company’s stock valued at $544,000 after buying an additional 70 shares in the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

Atlassian Price Performance

Shares of TEAM stock opened at $285.99 on Monday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.81. Atlassian Co. has a twelve month low of $135.29 and a twelve month high of $326.00. The company has a market cap of $74.93 billion, a P/E ratio of -213.42 and a beta of 0.87. The business has a fifty day simple moving average of $272.98 and a 200 day simple moving average of $223.88.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings data on Thursday, January 30th. The technology company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.85). Atlassian had a negative return on equity of 17.37% and a negative net margin of 7.22%. On average, sell-side analysts forecast that Atlassian Co. will post -0.34 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on TEAM. The Goldman Sachs Group upped their price objective on Atlassian from $245.00 to $370.00 and gave the company a “buy” rating in a report on Monday, February 3rd. StockNews.com raised Atlassian from a “hold” rating to a “buy” rating in a report on Friday. William Blair reaffirmed an “outperform” rating on shares of Atlassian in a report on Friday, January 31st. Scotiabank upped their price objective on Atlassian from $250.00 to $330.00 and gave the company a “sector perform” rating in a report on Friday, January 31st. Finally, Cantor Fitzgerald upped their price objective on Atlassian from $264.00 to $304.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $319.71.

Insider Buying and Selling

In other Atlassian news, CAO Gene Liu sold 568 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $312.08, for a total value of $177,261.44. Following the completion of the transaction, the chief accounting officer now directly owns 52,142 shares in the company, valued at approximately $16,272,475.36. This trade represents a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Anutthara Bharadwaj sold 1,520 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $254.76, for a total value of $387,235.20. Following the completion of the transaction, the president now owns 211,991 shares of the company’s stock, valued at $54,006,827.16. This represents a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 275,501 shares of company stock worth $75,480,290 in the last ninety days. 38.55% of the stock is owned by 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.