Atlassian Corporation PLC (TEAM) Stock Rating Reaffirmed by BTIG Research

Atlassian Corporation PLC (NASDAQ:TEAM)‘s stock had its “neutral” rating restated by equities research analysts at BTIG Research in a report issued on Tuesday.

Several other research analysts have also issued reports on TEAM. Guggenheim reiterated a “neutral” rating and set a $29.00 price objective on shares of Atlassian Corporation PLC in a research note on Tuesday, April 18th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Atlassian Corporation PLC in a research note on Thursday, April 20th. BMO Capital Markets reiterated a “hold” rating and set a $29.00 price objective on shares of Atlassian Corporation PLC in a research note on Friday, April 21st. Canaccord Genuity reiterated a “buy” rating and set a $40.00 price objective on shares of Atlassian Corporation PLC in a research note on Friday, April 28th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $41.00 price objective (up from $39.00) on shares of Atlassian Corporation PLC in a research note on Saturday, April 29th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Atlassian Corporation PLC presently has an average rating of “Buy” and a consensus price target of $38.73.

Shares of Atlassian Corporation PLC (NASDAQ TEAM) traded up 1.08% during mid-day trading on Tuesday, reaching $36.37. 425,393 shares of the company were exchanged. The firm’s market capitalization is $8.21 billion. Atlassian Corporation PLC has a 12 month low of $23.80 and a 12 month high of $39.25. The company’s 50-day moving average is $35.77 and its 200 day moving average is $33.05.

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Several hedge funds have recently made changes to their positions in TEAM. Tower Research Capital LLC TRC boosted its stake in shares of 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. boosted its stake in shares of 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 acquired a new stake in shares of Atlassian Corporation PLC during the first quarter valued at approximately $215,000. BlueCrest Capital Management Ltd acquired a new stake in shares of Atlassian Corporation PLC during the first quarter valued at approximately $221,000. Finally, Thompson Davis & CO. Inc. boosted its stake in shares of Atlassian Corporation PLC by 25.3% in the first quarter. Thompson Davis & CO. Inc. now owns 8,050 shares of the technology company’s stock valued at $241,000 after buying an additional 1,625 shares during the last quarter. Institutional investors own 81.51% of the company’s stock.

About Atlassian Corporation PLC

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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