Manhattan Associates, Inc. (NASDAQ:MANH) Shares Sold by Tredje AP fonden

Tredje AP fonden lessened its position in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 50.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,106 shares of the software maker's stock after selling 5,106 shares during the period. Tredje AP fonden's holdings in Manhattan Associates were worth $1,380,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Jupiter Asset Management Ltd. raised its position in shares of Manhattan Associates by 42.3% in the fourth quarter. Jupiter Asset Management Ltd. now owns 164,559 shares of the software maker's stock valued at $44,470,000 after buying an additional 48,927 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Manhattan Associates by 144.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 308 shares of the software maker's stock valued at $83,000 after buying an additional 182 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Manhattan Associates by 294.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 2,959 shares of the software maker's stock valued at $800,000 after buying an additional 2,209 shares during the last quarter. HighTower Advisors LLC raised its position in shares of Manhattan Associates by 3.1% in the fourth quarter. HighTower Advisors LLC now owns 5,156 shares of the software maker's stock valued at $1,393,000 after buying an additional 154 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of Manhattan Associates by 3.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 5,804 shares of the software maker's stock valued at $1,568,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

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Insiders Place Their Bets

In other news, CFO Dennis B. Story sold 2,788 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $170.83, for a total transaction of $476,274.04. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.72% of the stock is owned by insiders.

Manhattan Associates Trading Up 1.0 %

MANH traded up $1.71 during trading on Wednesday, hitting $174.49. 659,907 shares of the company's stock were exchanged, compared to its average volume of 502,278. Manhattan Associates, Inc. has a 1 year low of $163.10 and a 1 year high of $312.60. The stock has a 50 day moving average price of $211.58 and a 200 day moving average price of $256.24. The firm has a market cap of $10.67 billion, a P/E ratio of 49.71 and a beta of 1.47.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. DA Davidson lowered their target price on shares of Manhattan Associates from $315.00 to $270.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. StockNews.com downgraded shares of Manhattan Associates from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Loop Capital lowered their target price on shares of Manhattan Associates from $310.00 to $275.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Truist Financial lowered their target price on shares of Manhattan Associates from $310.00 to $285.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Finally, Raymond James lowered their target price on shares of Manhattan Associates from $305.00 to $270.00 and set an "outperform" rating for the company in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $243.78.

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.