Alliancebernstein L.P. Cuts Position in Atlassian Corporation PLC (TEAM)

Alliancebernstein L.P. cut its position in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 0.2% during the first quarter, Holdings Channel reports. The institutional investor owned 15,352 shares of the technology company’s stock after selling 30 shares during the period. Alliancebernstein L.P.’s holdings in Atlassian Corporation PLC were worth $460,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of TEAM. Artisan Partners Limited Partnership boosted its stake in shares of Atlassian Corporation PLC by 16.8% in the first quarter. Artisan Partners Limited Partnership now owns 6,017,450 shares of the technology company’s stock worth $180,223,000 after buying an additional 866,132 shares in the last quarter. Norges Bank purchased a new stake in shares of Atlassian Corporation PLC during the fourth quarter worth $10,176,000. State Street Corp boosted its stake in shares of Atlassian Corporation PLC by 56.9% in the fourth quarter. State Street Corp now owns 561,142 shares of the technology company’s stock worth $13,512,000 after buying an additional 203,557 shares in the last quarter. Thornburg Investment Management Inc. purchased a new stake in shares of Atlassian Corporation PLC during the first quarter worth $5,900,000. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Atlassian Corporation PLC during the first quarter worth $1,718,000. Institutional investors own 81.51% of the company’s stock.

Shares of Atlassian Corporation PLC (TEAM) opened at 35.44 on Thursday. The stock’s market cap is $8.00 billion. Atlassian Corporation PLC has a 1-year low of $23.80 and a 1-year high of $39.25. The stock’s 50 day moving average price is $35.76 and its 200 day moving average price is $32.78.

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TEAM has been the subject of a number of research reports. Zacks Investment Research cut Atlassian Corporation PLC from a “buy” rating to a “hold” rating in a research note on Saturday, July 15th. Guggenheim reiterated a “neutral” rating and issued a $29.00 price objective on shares of Atlassian Corporation PLC in a research note on Tuesday, April 18th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $40.00 price objective (up previously from $35.00) on shares of Atlassian Corporation PLC in a research note on Monday, May 1st. BMO Capital Markets reiterated a “market perform” rating and issued a $33.00 price objective (up previously from $29.00) on shares of Atlassian Corporation PLC in a research note on Friday, April 28th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $41.00 price objective (up previously from $39.00) on shares of Atlassian Corporation PLC in a research note on Saturday, April 29th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Atlassian Corporation PLC presently has an average rating of “Buy” and an average target price of $38.73.

About Atlassian Corporation PLC

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.

Want to see what other hedge funds are holding TEAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atlassian Corporation PLC (NASDAQ:TEAM).

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

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