Beese Fulmer Investment Management 13F: Cuts TEAM Stake by $510K

Beese Fulmer Investment Management lowered its stake in Atlassian Corporation TEAM by 46.9%, cutting 2,847 shares during the period to leave a total of 3,215 shares. The adjustment came to light in a Form 13F filing with the U.S. Securities and Exchange Commission on October 23, 2026. At the close of trading on the filing date, the firm's remaining holdings were valued at $576,417.

TEAM Atlassian Corporation

$227.61 ▲ +47.07% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Beese Fulmer Investment Management's Atlassian Corporation Position

The fund held 6,062 shares of the software maker prior to the filing. Dropping 2,847 shares brought its total down to 3,215 shares. That works out to a 46.9% decrease for the position.

Other Institutional Activity in Atlassian Corporation

Other large investors adjusted their holdings around the same time. SBI Securities cut its holdings by 77,187 shares, ending with 3,192 shares worth about $572,294. DnB Asset Management AS grew its holdings by 1,752,898 shares, ending with 9,830,768 shares worth about $2,237,581,110. AQR Capital Management, LLC grew its holdings by 4,672,944 shares, ending with 8,822,984 shares worth about $2,008,199,393. GQG Partners LLC grew its holdings by 3,829,206 shares, ending with 7,658,413 shares worth about $1,743,131,387. Pictet Asset Management Holding SA grew its holdings by 442,756 shares, ending with 5,474,077 shares worth about $1,245,954,669.

Atlassian Corporation Stock Up 0.9%

Atlassian Corporation shares closed at $227.61 on October 23, 2026. The stock recently traded around $227.61 as of October 24, 2026, which is about equal to its event close. The shares sit 20.1% above their 50-day moving average of $189.47 and 1.0% below their 52-week high of $229.96.

Recent Earnings

Atlassian Corporation reported $6.57 billion in trailing twelve-month revenue alongside an earnings per share loss of $0.21. The software provider posted a year-over-year revenue growth rate of 27.6%. The company's next earnings report is scheduled for November 5, 2026.

Insider Buying and Selling at Atlassian Corporation

Company insiders executed several share sales ahead of the filing. Officer Brian Duffy sold 1,851 shares on August 19, 2026, for a total value of $319,204. Chief Financial Officer James Chuong sold 9,054 shares on August 19, 2026, valued at $1,561,377. Officer Gene Liu sold 939 shares on August 28, 2026, at an average price of $190.00 for a total value of $178,410. Later, Chief Accounting Officer Gene Liu sold 337 shares on October 12, 2026, under a pre-arranged plan at an average price of $210.00, totaling $70,770.

Analysts Set New Price Targets

Wall Street firms updated their outlooks on the stock through October. On October 19, 2026, Guggenheim maintained its Buy rating and raised its target from $165.00 to $280.00. Citigroup maintained its Buy rating on October 20, 2026, lifting its target from $225.00 to $245.00. BTIG maintained a Buy rating on October 20, 2026, moving its target from $230.00 to $260.00. Truist Securities maintained its Buy rating on October 21, 2026, raising its target from $185.00 to $250.00. Oppenheimer maintained an Outperform rating on October 22, 2026, lifting its target from $200.00 to $275.00. Overall, analysts hold a consensus Buy rating on the stock with a mean price target of $224.91 across 31 opinions.

About Atlassian Corporation

Atlassian Corporation builds collaboration and productivity software used by organizations worldwide. Its product lineup features tools like Jira, Confluence, Trello, and Bitbucket, helping engineering, IT, and business teams manage projects and track work.

Bottom Line

Investors will look toward Atlassian Corporation's upcoming earnings release on November 5, 2026, for fresh details on revenue growth and profitability. Monitoring subsequent institutional filings will also show whether other funds follow Beese Fulmer's lead in trimming exposure.