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

BTIG Research restated their neutral rating on shares of Atlassian Corporation PLC (NASDAQ:TEAM) in a research note published on Tuesday morning.

Other equities research analysts have also recently issued reports about the company. ValuEngine upgraded Atlassian Corporation PLC from a sell rating to a hold rating in a research report on Friday, June 2nd. Cowen and Company reiterated a buy rating and set a $43.00 price target on shares of Atlassian Corporation PLC in a research report on Friday, July 28th. Zacks Investment Research cut Atlassian Corporation PLC from a buy rating to a hold rating in a research report on Saturday, July 15th. BMO Capital Markets reissued a hold rating and set a $29.00 price objective on shares of Atlassian Corporation PLC in a report on Friday, April 21st. Finally, Raymond James Financial, Inc. reissued a market perform rating on shares of Atlassian Corporation PLC in a report on Thursday, April 20th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $39.10.

Shares of Atlassian Corporation PLC (TEAM) opened at 36.34 on Tuesday. The firm’s market capitalization is $8.21 billion. The firm’s 50-day moving average is $35.88 and its 200-day moving average is $33.17. Atlassian Corporation PLC has a 52 week low of $23.80 and a 52 week high of $39.25.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its position 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. raised 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 in the last quarter. Teza Capital Management LLC purchased a new stake in shares of Atlassian Corporation PLC during the first quarter valued at about $215,000. BlueCrest Capital Management Ltd purchased a new stake in shares of Atlassian Corporation PLC during the first quarter valued at about $221,000. Finally, Thompson Davis & CO. Inc. raised 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 in the last quarter. 81.51% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Atlassian Corporation PLC (NASDAQ:TEAM)

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