Atria Investments LLC increased its position in Atlassian Co. (NASDAQ: TEAM), as stated in the most recent 13F filing that the company made with the SEC. The filing was made during the third quarter of this year. The fund increased its holdings in the technology company’s stock during the quarter by purchasing an additional 2,215 shares, bringing the total number of shares it owns in the business to 14,057. At the end of the most recent fiscal quarter, Atria Investments LLC placed the valuation of Atlassian at $2,960,000.
Additionally, other hedge funds have made transactions involving TEAM shares on multiple occasions. During the third quarter, WCM Investment Management LLC realized a 75.2% increase in the amount of Atlassian stock held in its portfolio. WCM Investment Management LLC increased its stock holdings by purchasing an additional 2,523,053 technology company shares during the most recent quarter. This brought their total acquisition to 5,879,895 shares, valued at $1,248,478,000. Price T. Rowe Associates Inc. (MD), an investment management company, increased the amount of Atlassian stock owned by 8.6% during the second quarter. After making additional purchases totaling 1,803,544 shares during the most recent fiscal quarter, Price T. Rowe Associates Inc. (MD) now owns 22,693,727 of the technology above the company’s shares. The value of these shares on the market as of right now is $4,252,805,000. During the first three months of 2018, Durable Capital Partners LP successfully acquired a new investment in Atlassian. It was estimated that this new holding was worth approximately $434,144,000. A 34.1% increase in Artisan Partners Limited Partnership’s stake in Atlassian was realized during the company’s second fiscal quarter as a result of the company’s increased investment. Artisan Partners Limited Partnership now holds a total of 5,199,365 shares of the technology company’s stock, which are currently valued at $974,361,000 following the acquisition of an additional 1,321,817 shares during the most recent quarter. Brown Advisory Inc. increased the amount of Atlassian stock owned by 70,015.4% during the second quarter, which certainly isn’t the least important thing that happened during that time. After making an additional purchase of 1,000,520 shares during the most recent quarter, Brown Advisory Inc. now has 1,001,949 shares of stock in the technology company under its ownership. The total value of the company’s stock holdings, as measured by today’s market, equals $187,765,000. On Tuesday, when the stock market opened for $148.01, hedge funds and other types of institutional investors held a combined total of 45.50 percent of the outstanding shares of TEAM. During the previous year, the price of Atlassian Co. experienced a range that extended from $113.86 to $352.92, with the price hitting an all-time low of $113.86. All three of the liquidity ratios, the current ratio, the quick ratio, and the debt-to-equity ratio, all come in at 1.25, while the debt-to-equity ratio sits at 2.08. The company’s simple moving average price over the past 50 days is $132.03, and the company’s simple moving average price over the past 200 days is $191.02.
On November 3, a report on Atlassian’s most recent quarterly financial results was made public. Atlassian is a company that trades under the symbol “NASDAQ: TEAM.” The technology company’s quarterly earnings came in at $0.36 per share, which is $0.46 higher than the average forecast for the period, which was $0.10 per share. The actual sales for the quarter came in at $807.39 million, which is significantly higher than the average prediction of $806.42 million, which was made before the release of the financial results. Both the net margin and return on equity for Atlassian were in the red. The net margin was -7.60%, and the return on equity was -71.10%. Compared to the previous year’s period, the revenue for this quarter saw a 31.5% increase in growth. The company incurred a loss of $0.001 per share during the same period the year before. According to the consensus among financial experts, Atlassian Company is expected to report a loss of 0.96 cents per share for the current financial year.
The transaction to sell 442 company stock took place on November 23 and was completed by Rajeev Bashyam Rajan, who currently serves as the company’s chief technology officer. Following the transaction, the stock was sold for a total value of $51,744.94, with each share fetching an average price of $117.07. The sale resulted in the chief technology officer gaining direct ownership of 114,133 shares