Bank of America Corp DE Has $8.12 Million Position in Atlassian Corporation PLC (TEAM)

Bank of America Corp DE raised its stake in Atlassian Corporation PLC (NASDAQ:TEAM) by 12.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 271,257 shares of the technology company’s stock after buying an additional 30,348 shares during the period. Bank of America Corp DE owned 0.12% of Atlassian Corporation PLC worth $8,124,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp increased its position in shares of Atlassian Corporation PLC by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 55,951 shares of the technology company’s stock worth $1,676,000 after buying an additional 480 shares during the period. Thompson Davis & CO. Inc. increased its position 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 worth $241,000 after buying an additional 1,625 shares during the period. Teachers Advisors LLC increased its position in shares of Atlassian Corporation PLC by 12.8% in the fourth quarter. Teachers Advisors LLC now owns 24,270 shares of the technology company’s stock worth $584,000 after buying an additional 2,755 shares during the period. Gilder Gagnon Howe & Co. LLC increased its position in shares of Atlassian Corporation PLC by 0.6% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 505,197 shares of the technology company’s stock worth $15,131,000 after buying an additional 3,256 shares during the period. Finally, Essex Investment Management Co. LLC increased its position in shares of Atlassian Corporation PLC by 18.9% in the first quarter. Essex Investment Management Co. LLC now owns 24,587 shares of the technology company’s stock worth $736,000 after buying an additional 3,911 shares during the period. 81.51% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Atlassian Corporation PLC (NASDAQ TEAM) traded down 1.54% on Friday, hitting $36.34. 433,512 shares of the company were exchanged. The company has a 50-day moving average price of $35.88 and a 200 day moving average price of $33.17. The firm’s market cap is $8.21 billion. Atlassian Corporation PLC has a 52-week low of $23.80 and a 52-week high of $39.25.

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A number of equities analysts have commented on TEAM shares. BMO Capital Markets reaffirmed a “hold” rating and set a $29.00 target price on shares of Atlassian Corporation PLC in a research note on Friday, April 21st. BTIG Research reaffirmed a “neutral” rating on shares of Atlassian Corporation PLC in a research note on Monday, April 24th. Canaccord Genuity reaffirmed a “buy” rating and set a $40.00 target price on shares of Atlassian Corporation PLC in a research note on Friday, April 28th. Jefferies Group LLC reissued a “buy” rating and issued a $41.00 price target (up from $39.00) on shares of Atlassian Corporation PLC in a research note on Saturday, April 29th. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $40.00 price target (up from $35.00) on shares of Atlassian Corporation PLC in a research note on Monday, May 1st. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $39.10.

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.

Institutional Ownership by Quarter for Atlassian Corporation PLC (NASDAQ:TEAM)

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