Atlassian Co. PLC (NASDAQ:TEAM) Shares Bought by NEXT Financial Group Inc

NEXT Financial Group Inc boosted its position in shares of Atlassian Co. PLC (NASDAQ:TEAM) by 271.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 2,665 shares of the technology company’s stock after acquiring an additional 1,948 shares during the quarter. NEXT Financial Group Inc’s holdings in Atlassian were worth $349,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Prudential Financial Inc. boosted its holdings in shares of Atlassian by 8.7% during the 4th quarter. Prudential Financial Inc. now owns 2,500 shares of the technology company’s stock worth $222,000 after buying an additional 200 shares in the last quarter. Northern Trust Corp lifted its stake in Atlassian by 8.3% during the 4th quarter. Northern Trust Corp now owns 250,264 shares of the technology company’s stock valued at $22,269,000 after acquiring an additional 19,150 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Atlassian by 7.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 105,649 shares of the technology company’s stock valued at $9,400,000 after purchasing an additional 7,342 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Atlassian by 8.1% during the 4th quarter. Geode Capital Management LLC now owns 300,255 shares of the technology company’s stock valued at $26,716,000 after purchasing an additional 22,604 shares during the last quarter. Finally, American International Group Inc. increased its position in shares of Atlassian by 8.1% during the 4th quarter. American International Group Inc. now owns 2,401 shares of the technology company’s stock valued at $214,000 after purchasing an additional 179 shares during the last quarter. 92.08% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on TEAM. KeyCorp lowered Medidata Solutions from a “sector weight” rating to a “sector weight” rating and set a $91.30 target price for the company. in a research report on Thursday, June 13th. BidaskClub lowered Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. Goldman Sachs Group raised MICHELIN COMPAG/ADR from a “neutral” rating to a “buy” rating in a research report on Thursday, May 9th. Zacks Investment Research raised GCP Applied Technologies from a “sell” rating to a “hold” rating in a research report on Friday, May 31st. Finally, BMO Capital Markets decreased their target price on Pentair to $39.00 and set a “market perform” rating for the company in a research report on Thursday, April 18th. Nine equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $121.67.

TEAM traded down $1.74 during trading hours on Tuesday, hitting $133.54. The stock had a trading volume of 78,331 shares, compared to its average volume of 1,022,854. The firm’s fifty day simple moving average is $132.62. Atlassian Co. PLC has a 1 year low of $64.43 and a 1 year high of $143.68. The stock has a market capitalization of $14.28 billion, a PE ratio of -1,905.43, a PEG ratio of 94.07 and a beta of 1.30. The company has a debt-to-equity ratio of 1.22, a quick ratio of 3.34 and a current ratio of 3.34.

About Atlassian

Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. It provides project tracking, content creation and sharing, and service management products. The company's products include JIRA, a workflow management system that enables teams to plan, organize, track, and manage their work and projects; Confluence, a content collaboration platform that is used to create, share, organize, and discuss projects; and Trello, a Web-based project management application for capturing and adding structure to fluid, fast-forming work for teams.

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Institutional Ownership by Quarter for Atlassian (NASDAQ:TEAM)

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