Gilder Gagnon Howe & Co. LLC increased its position in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 10.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 558,069 shares of the technology company’s stock after buying an additional 52,872 shares during the period. Gilder Gagnon Howe & Co. LLC owned about 0.25% of Atlassian Corporation PLC worth $19,633,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. bought a new position in Atlassian Corporation PLC during the first quarter worth $1,718,000. State Street Corp boosted its position in Atlassian Corporation PLC by 56.9% in the fourth quarter. State Street Corp now owns 561,142 shares of the technology company’s stock worth $13,512,000 after buying an additional 203,557 shares during the last quarter. Janus Capital Management LLC boosted its position in Atlassian Corporation PLC by 2.8% in the first quarter. Janus Capital Management LLC now owns 7,110,873 shares of the technology company’s stock worth $212,971,000 after buying an additional 191,710 shares during the last quarter. Nationwide Fund Advisors boosted its position in Atlassian Corporation PLC by 4.6% in the first quarter. Nationwide Fund Advisors now owns 218,980 shares of the technology company’s stock worth $6,558,000 after buying an additional 9,720 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new position in Atlassian Corporation PLC during the fourth quarter worth $499,000. Hedge funds and other institutional investors own 81.51% of the company’s stock.
Shares of Atlassian Corporation PLC (NASDAQ TEAM) opened at 35.43 on Tuesday. The company’s market cap is $8.00 billion. The stock has a 50 day moving average of $35.68 and a 200 day moving average of $32.52. Atlassian Corporation PLC has a 52-week low of $23.80 and a 52-week high of $39.25.
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TEAM has been the topic of a number of research analyst reports. Morgan Stanley upgraded shares of Atlassian Corporation PLC from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $35.00 to $45.00 in a research note on Tuesday, July 25th. Jefferies Group LLC reiterated a “buy” rating and issued a $41.00 target price on shares of Atlassian Corporation PLC in a research note on Friday, June 2nd. BMO Capital Markets reiterated a “market perform” rating and issued a $42.00 target price (up from $40.00) on shares of Atlassian Corporation PLC in a research note on Wednesday, July 26th. Guggenheim reiterated a “neutral” rating and issued a $29.00 target price on shares of Atlassian Corporation PLC in a research note on Tuesday, April 18th. Finally, Zacks Investment Research raised shares of Atlassian Corporation PLC from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Friday, July 14th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Atlassian Corporation PLC has an average rating of “Buy” and an average price target of $38.73.
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.
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