Park National Corp OH Purchases Shares of 845 Atlassian Co. (NASDAQ:TEAM)

Park National Corp OH acquired a new position in Atlassian Co. (NASDAQ:TEAM) during the 4th quarter, HoldingsChannel reports. The fund acquired 845 shares of the technology company’s stock, valued at approximately $206,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Diversified Trust Co raised its holdings in Atlassian by 23.2% during the 4th quarter. Diversified Trust Co now owns 14,881 shares of the technology company’s stock worth $3,622,000 after purchasing an additional 2,799 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Atlassian by 20.1% during the fourth quarter. Nordea Investment Management AB now owns 30,442 shares of the technology company’s stock worth $7,458,000 after buying an additional 5,088 shares during the period. Everence Capital Management Inc. acquired a new position in Atlassian in the fourth quarter valued at $1,185,000. GAMMA Investing LLC boosted its position in Atlassian by 22.9% during the fourth quarter. GAMMA Investing LLC now owns 290 shares of the technology company’s stock valued at $71,000 after acquiring an additional 54 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Atlassian by 5.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,478,358 shares of the technology company’s stock worth $393,588,000 after acquiring an additional 131,621 shares during the period. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TEAM shares. Raymond James boosted their price objective on Atlassian from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. UBS Group increased their price target on Atlassian from $180.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Scotiabank lifted their price objective on shares of Atlassian from $175.00 to $250.00 and gave the company a “sector perform” rating in a research note on Friday, November 1st. Oppenheimer boosted their target price on shares of Atlassian from $270.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Robert W. Baird lifted their price target on shares of Atlassian from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Nine research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $264.25.

Atlassian Stock Down 1.4 %

TEAM opened at $244.49 on Friday. Atlassian Co. has a fifty-two week low of $135.29 and a fifty-two week high of $287.97. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.18 and a quick ratio of 1.18. The company’s 50-day moving average is $252.85 and its 200 day moving average is $198.51. The firm has a market capitalization of $63.67 billion, a P/E ratio of -160.85 and a beta of 0.83.

Atlassian (NASDAQ:TEAM) last released its earnings results on Thursday, October 31st. The technology company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.13. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.16 billion. Atlassian had a negative return on equity of 23.35% and a negative net margin of 8.59%. Atlassian’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.07) earnings per share. Research analysts expect that Atlassian Co. will post -0.54 earnings per share for the current fiscal year.

Insider Transactions at Atlassian

In other news, President Anutthara Bharadwaj sold 1,520 shares of the company’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $254.76, for a total transaction of $387,235.20. Following the transaction, the president now owns 211,991 shares of the company’s stock, valued at $54,006,827.16. This represents a 0.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Cannon-Brookes sold 7,948 shares of Atlassian stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $243.35, for a total value of $1,934,145.80. Following the completion of the sale, the chief executive officer now directly owns 445,088 shares of the company’s stock, valued at approximately $108,312,164.80. This trade represents a 1.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 263,480 shares of company stock worth $62,377,979 in the last ninety days. Company insiders own 38.55% of the company’s stock.

Atlassian Profile

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.