Baillie Gifford Amends Atlassian Stake (SC 13G/A Amendment 8)
Ticker: TEAM · Form: SC 13G/A · Filed: 2024-01-30T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**Baillie Gifford updated their Atlassian stake, signaling a potential shift in institutional confidence.**
AI Summary
Baillie Gifford & Co, a prominent investment management firm, filed an Amendment No. 8 to their SC 13G/A for Atlassian Corporation Plc on January 30, 2024, indicating a change in their beneficial ownership of Class A Ordinary Shares as of December 29, 2023. This filing, under Rule 13d-1(b), suggests that Baillie Gifford continues to hold a significant, though potentially adjusted, passive stake in Atlassian. For investors, this matters because large institutional holdings can signal confidence in a company's long-term prospects, but any reduction could imply a shift in their investment thesis.
Why It Matters
This filing shows a major institutional investor's updated position in Atlassian, which can influence market perception and investor sentiment regarding the stock.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate, significant risk to the company or its stock.
Analyst Insight
Investors should monitor subsequent 13F filings to see the exact change in Baillie Gifford's share count and consider if this aligns with their own investment thesis for Atlassian.
Key Players & Entities
- Baillie Gifford & Co (company) — the investment management firm filing the SC 13G/A
- Atlassian Corporation Plc (company) — the subject company whose Class A Ordinary Shares are being reported
- December 29, 2023 (date) — the date of the event which required the filing
- January 30, 2024 (date) — the filing date of the SC 13G/A Amendment No. 8
- G06242104 (other) — the CUSIP Number for Atlassian's Class A Ordinary Shares
Forward-Looking Statements
- Baillie Gifford will maintain a significant, passive stake in Atlassian for the foreseeable future. (Baillie Gifford & Co) — medium confidence, target: 2025-01-30
FAQ
What type of filing is this and who filed it?
This is an SC 13G/A (Amendment No. 8) filed by Baillie Gifford & Co regarding their ownership in Atlassian Corporation Plc.
What is the specific security class mentioned in the filing?
The filing specifically refers to 'Class A Ordinary Shares' of Atlassian Corporation Plc.
What is the CUSIP number associated with these securities?
The CUSIP number for the Class A Ordinary Shares of Atlassian Corporation Plc is G06242104.
When was the event that triggered this filing?
The date of the event which required the filing of this statement was December 29, 2023.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box.
From the Filing
EDGAR Filing Documents for 0001088875-24-000049 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001088875-24-000049 Filing Date 2024-01-30 Accepted 2024-01-30 06:22:35 Documents 1 Document Format Files Seq Description Document Type Size 1 atlassian29122023.txt SC 13G/A 9660 Complete submission text file 0001088875-24-000049.txt 11293 Mailing Address CALTON SQUARE 1 GREENSIDE ROW EDINBURGH X0 EH13AN Business Address CALTON SQUARE 1 GREENSIDE ROW EDINBURGH X0 EH13AN 00441312752000 BAILLIE GIFFORD & CO (Filed by) CIK : 0001088875 (see all company filings) EIN. : 000000000 | State of Incorp.: X0 Type: SC 13G/A Mailing Address 350 BUSH STREET FLOOR 13 SAN FRANCISCO CA 94104 Business Address 350 BUSH STREET FLOOR 13 SAN FRANCISCO CA 94104 (415) 701-1110 Atlassian Corp (Subject) CIK : 0001650372 (see all company filings) EIN. : 883940934 | Fiscal Year End: 0630 Type: SC 13G/A | Act: 34 | File No.: 005-89346 | Film No.: 24575756 SIC : 7372 Services-Prepackaged Software (CF Office: 06 Technology)