Generali Asset Management SPA SGR Takes Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Generali Asset Management SPA SGR purchased a new position in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,293 shares of the software maker's stock, valued at approximately $2,782,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. William Blair Investment Management LLC grew its position in Manhattan Associates by 9.2% during the fourth quarter. William Blair Investment Management LLC now owns 682,013 shares of the software maker's stock valued at $184,307,000 after buying an additional 57,586 shares during the period. Twin Tree Management LP bought a new stake in shares of Manhattan Associates during the 4th quarter valued at $25,000. First National Advisers LLC increased its stake in shares of Manhattan Associates by 8.8% in the 4th quarter. First National Advisers LLC now owns 11,595 shares of the software maker's stock worth $3,133,000 after purchasing an additional 936 shares in the last quarter. Gallacher Capital Management LLC bought a new position in Manhattan Associates in the 4th quarter worth $240,000. Finally, Corient Private Wealth LLC lifted its position in Manhattan Associates by 9.7% during the fourth quarter. Corient Private Wealth LLC now owns 4,575 shares of the software maker's stock valued at $1,236,000 after purchasing an additional 404 shares in the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Manhattan Associates Stock Up 4.0 %

NASDAQ:MANH traded up $6.89 during mid-day trading on Monday, hitting $177.97. 745,342 shares of the stock traded hands, compared to its average volume of 515,154. The stock has a market capitalization of $10.88 billion, a price-to-earnings ratio of 50.70 and a beta of 1.47. Manhattan Associates, Inc. has a 52 week low of $163.10 and a 52 week high of $312.60. The firm's 50 day moving average is $205.73 and its two-hundred day moving average is $254.41.

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Analyst Ratings Changes

A number of analysts have commented on the company. Citigroup reduced their price target on Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Loop Capital decreased their price target on Manhattan Associates from $310.00 to $275.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. StockNews.com lowered Manhattan Associates from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Robert W. Baird decreased their target price on Manhattan Associates from $282.00 to $225.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 18th. Finally, DA Davidson dropped their price target on Manhattan Associates from $315.00 to $270.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $243.78.

Insider Transactions at Manhattan Associates

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $170.83, for a total value of $476,274.04. Following the sale, the chief financial officer now owns 101,263 shares in the company, valued at $17,298,758.29. This trade represents a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.72% of the company's stock.

Manhattan Associates Company Profile

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Warehouse Management Solution for managing goods and information across the distribution centers; Manhattan Active Warehouse Management, a cloud native and version less application for the associate; and Transportation Management Solution for helping shippers navigate their way through the demands and meet customer service expectations at the lowest possible freight costs; Manhattan SCALE, a portfolio of logistics execution solution; and Manhattan Active Omni, which offers order management, store inventory and fulfillment, POS, and customer engagement tools for enterprises and stores.