State of New Jersey Common Pension Fund D Increases Stock Holdings in Atlassian Co. (NASDAQ:TEAM)

State of New Jersey Common Pension Fund D lifted its holdings in Atlassian Co. (NASDAQ:TEAM) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,064 shares of the technology company’s stock after buying an additional 1,846 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Atlassian were worth $21,185,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of TEAM. National Bank of Canada FI raised its holdings in Atlassian by 15.0% during the third quarter. National Bank of Canada FI now owns 1,057 shares of the technology company’s stock worth $209,000 after purchasing an additional 138 shares during the last quarter. CWM LLC grew its position in Atlassian by 61.3% during the third quarter. CWM LLC now owns 2,028 shares of the technology company’s stock valued at $409,000 after acquiring an additional 771 shares during the period. SG Americas Securities LLC grew its position in Atlassian by 40.3% during the third quarter. SG Americas Securities LLC now owns 8,517 shares of the technology company’s stock valued at $1,716,000 after acquiring an additional 2,448 shares during the period. Founders Financial Securities LLC grew its position in Atlassian by 8.6% during the third quarter. Founders Financial Securities LLC now owns 1,754 shares of the technology company’s stock valued at $353,000 after acquiring an additional 139 shares during the period. Finally, Exchange Traded Concepts LLC boosted its position in shares of Atlassian by 63.7% in the third quarter. Exchange Traded Concepts LLC now owns 6,221 shares of the technology company’s stock worth $1,254,000 after buying an additional 2,420 shares during the period. 93.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Atlassian

In other Atlassian news, CEO Scott Farquhar sold 8,241 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $253.53, for a total transaction of $2,089,340.73. Following the completion of the sale, the chief executive officer now owns 346,122 shares of the company’s stock, valued at approximately $87,752,310.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Scott Farquhar sold 8,241 shares of Atlassian stock in a transaction on Monday, January 29th. The stock was sold at an average price of $253.53, for a total transaction of $2,089,340.73. Following the completion of the sale, the chief executive officer now owns 346,122 shares of the company’s stock, valued at $87,752,310.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Gene Liu sold 227 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $212.87, for a total value of $48,321.49. Following the completion of the transaction, the chief accounting officer now owns 47,066 shares in the company, valued at approximately $10,018,939.42. The disclosure for this sale can be found here. Over the last three months, insiders sold 300,450 shares of company stock valued at $62,114,072. 40.48% of the stock is owned by corporate insiders.

Atlassian Trading Down 0.3 %

Shares of Atlassian stock traded down $0.60 on Thursday, hitting $198.41. 1,921,415 shares of the company’s stock traded hands, compared to its average volume of 1,690,192. The firm’s 50-day moving average price is $200.84 and its two-hundred day moving average price is $206.75. The stock has a market capitalization of $51.47 billion, a PE ratio of -133.42 and a beta of 0.63. Atlassian Co. has a one year low of $128.02 and a one year high of $258.69. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.07 and a quick ratio of 1.07.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings data on Thursday, February 1st. The technology company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.24). The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. Atlassian had a negative net margin of 9.87% and a negative return on equity of 34.56%. On average, research analysts expect that Atlassian Co. will post -0.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TEAM has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price target on Atlassian from $275.00 to $285.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. William Blair restated an “outperform” rating on shares of Atlassian in a research note on Friday, February 2nd. StockNews.com cut Atlassian from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. UBS Group cut their price objective on Atlassian from $260.00 to $250.00 and set a “neutral” rating on the stock in a research note on Friday, February 2nd. Finally, The Goldman Sachs Group upped their price objective on Atlassian from $188.00 to $215.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $224.25.

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.