Manhattan Associates, Inc. (NASDAQ:MANH) Shares Sold by DF Dent & Co. Inc.

DF Dent & Co. Inc. lowered its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 6.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 222,689 shares of the software maker's stock after selling 15,939 shares during the period. DF Dent & Co. Inc. owned about 0.36% of Manhattan Associates worth $60,179,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Townsquare Capital LLC grew its position in shares of Manhattan Associates by 16.2% during the 3rd quarter. Townsquare Capital LLC now owns 1,901 shares of the software maker's stock valued at $535,000 after acquiring an additional 265 shares during the period. Verition Fund Management LLC purchased a new stake in shares of Manhattan Associates during the third quarter worth about $990,000. Ascent Group LLC lifted its position in shares of Manhattan Associates by 4.8% in the third quarter. Ascent Group LLC now owns 896 shares of the software maker's stock valued at $252,000 after acquiring an additional 41 shares in the last quarter. HighTower Advisors LLC boosted its stake in Manhattan Associates by 6.4% during the 3rd quarter. HighTower Advisors LLC now owns 5,002 shares of the software maker's stock worth $1,415,000 after purchasing an additional 301 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in Manhattan Associates by 13.7% during the 3rd quarter. Janus Henderson Group PLC now owns 2,762 shares of the software maker's stock valued at $777,000 after acquiring an additional 332 shares in the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

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Manhattan Associates Price Performance

MANH traded up $1.30 during trading hours on Tuesday, reaching $147.70. 349,543 shares of the stock traded hands, compared to its average volume of 542,934. Manhattan Associates, Inc. has a fifty-two week low of $140.81 and a fifty-two week high of $312.60. The company has a market cap of $9.03 billion, a price-to-earnings ratio of 42.24 and a beta of 1.36. The firm's fifty day simple moving average is $181.91 and its two-hundred day simple moving average is $247.14.

Insider Buying and Selling at Manhattan Associates

In other news, CFO Dennis B. Story sold 2,788 shares of Manhattan Associates stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $170.83, for a total value of $476,274.04. Following the completion of the transaction, the chief financial officer now directly owns 101,263 shares of the company's stock, valued at approximately $17,298,758.29. The trade was a 2.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.72% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on MANH. Piper Sandler dropped their target price on Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating for the company in a report on Friday, March 14th. Robert W. Baird decreased their price objective on Manhattan Associates from $282.00 to $225.00 and set an "outperform" rating on the stock in a report on Tuesday, March 18th. Raymond James lowered their price target on Manhattan Associates from $305.00 to $270.00 and set an "outperform" rating for the company in a report on Wednesday, January 29th. Loop Capital lowered their price objective on shares of Manhattan Associates from $310.00 to $275.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Finally, Truist Financial reduced their price target on Manhattan Associates from $310.00 to $285.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $243.78.

Manhattan Associates 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.