ATLASSIAN CP-A (NASDAQ:TEAM) had its price target increased by BMO Capital Markets from $28.00 to $29.00 in a research report issued on Friday, StockTargetPrices.com reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 5.76% from the stock’s previous close.
A number of other brokerages have also issued reports on TEAM. Pacific Crest started coverage on ATLASSIAN CP-A in a research report on Tuesday, November 15th. They set a “sector weight” rating on the stock. Zacks Investment Research lowered ATLASSIAN CP-A from a “buy” rating to a “hold” rating in a report on Wednesday, November 9th. Oppenheimer Holdings Inc. set a $35.00 price objective on ATLASSIAN CP-A and gave the company a “buy” rating in a report on Thursday, October 27th. Robert W. Baird upgraded ATLASSIAN CP-A from a “neutral” rating to an “outperform” rating and set a $32.00 price objective on the stock in a report on Friday, December 2nd. Finally, Jefferies Group restated a “buy” rating and issued a $39.00 price objective on shares of ATLASSIAN CP-A in a report on Wednesday. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $33.33.
Shares of ATLASSIAN CP-A (NASDAQ:TEAM) opened at 27.42 on Friday. The stock has a 50 day moving average of $25.31 and a 200 day moving average of $27.97. ATLASSIAN CP-A has a 52-week low of $16.92 and a 52-week high of $35.16. The stock’s market capitalization is $6.04 billion.
ATLASSIAN CP-A (NASDAQ:TEAM) last announced its earnings results on Thursday, January 19th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. ATLASSIAN CP-A had a positive return on equity of 0.42% and a negative net margin of 0.68%. The firm had revenue of $148.90 million for the quarter, compared to analyst estimates of $144.01 million. During the same quarter last year, the firm posted $0.11 EPS. The business’s revenue was up 35.7% on a year-over-year basis. Analysts forecast that ATLASSIAN CP-A will post $0.34 earnings per share for the current year.
Several hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake in shares of ATLASSIAN CP-A by 12.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 16,127,232 shares of the company’s stock worth $483,333,000 after buying an additional 1,783,726 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of ATLASSIAN CP-A by 4.4% in the third quarter. JPMorgan Chase & Co. now owns 2,847,556 shares of the company’s stock worth $85,341,000 after buying an additional 118,895 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of ATLASSIAN CP-A by 7.4% in the second quarter. Alliancebernstein L.P. now owns 2,652,827 shares of the company’s stock worth $68,708,000 after buying an additional 182,273 shares during the last quarter. Janus Capital Management LLC increased its stake in shares of ATLASSIAN CP-A by 38.2% in the second quarter. Janus Capital Management LLC now owns 2,318,309 shares of the company’s stock worth $60,044,000 after buying an additional 640,715 shares during the last quarter. Finally, Artisan Partners Limited Partnership increased its stake in shares of ATLASSIAN CP-A by 5.5% in the second quarter. Artisan Partners Limited Partnership now owns 2,283,543 shares of the company’s stock worth $59,144,000 after buying an additional 119,304 shares during the last quarter. 73.12% of the stock is owned by institutional investors and hedge funds.
ATLASSIAN CP-A 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.