Columbia Partners L L C Investment Management trimmed its stake in shares of Atlassian Co. PLC (NASDAQ:TEAM) by 51.9% during the fourth quarter, Holdings Channel reports. The fund owned 5,017 shares of the technology company’s stock after selling 5,415 shares during the quarter. Columbia Partners L L C Investment Management’s holdings in Atlassian were worth $228,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC bought a new position in Atlassian during the 4th quarter valued at $116,000. Nelson Roberts Investment Advisors LLC bought a new position in Atlassian during the 4th quarter valued at $123,000. Thompson Davis & CO. Inc. boosted its stake in Atlassian by 431.8% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 2,925 shares of the technology company’s stock valued at $103,000 after acquiring an additional 2,375 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its stake in Atlassian by 50.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 3,464 shares of the technology company’s stock valued at $158,000 after acquiring an additional 1,165 shares during the last quarter. Finally, SeaCrest Wealth Management LLC bought a new position in Atlassian during the 4th quarter valued at $201,000. Hedge funds and other institutional investors own 82.21% of the company’s stock.
Atlassian Co. PLC (TEAM) opened at $53.27 on Monday. Atlassian Co. PLC has a 52-week low of $28.25 and a 52-week high of $57.47.
A number of research analysts have commented on the stock. BidaskClub upgraded shares of Atlassian from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 18th. Zacks Investment Research downgraded shares of Atlassian from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. Guggenheim restated a “hold” rating and issued a $50.00 price target on shares of Atlassian in a research report on Friday, January 19th. Oppenheimer raised their price target on shares of Atlassian to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, January 4th. Finally, Canaccord Genuity restated a “buy” rating and issued a $60.00 price target (up from $52.00) on shares of Atlassian in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $55.90.
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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.
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