Manhattan Associates, Inc. (NASDAQ:MANH) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lessened its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 21.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,041 shares of the software maker's stock after selling 1,415 shares during the period. Vontobel Holding Ltd.'s holdings in Manhattan Associates were worth $1,362,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning grew its holdings in shares of Manhattan Associates by 10.4% during the 3rd quarter. Creative Planning now owns 8,035 shares of the software maker's stock worth $2,261,000 after purchasing an additional 756 shares during the period. Blue Trust Inc. lifted its position in Manhattan Associates by 153.7% during the third quarter. Blue Trust Inc. now owns 1,408 shares of the software maker's stock valued at $396,000 after buying an additional 853 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Manhattan Associates by 118.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 173,644 shares of the software maker's stock worth $48,860,000 after buying an additional 94,283 shares during the period. Crew Capital Management Ltd. increased its position in shares of Manhattan Associates by 19.4% in the third quarter. Crew Capital Management Ltd. now owns 3,972 shares of the software maker's stock worth $1,118,000 after acquiring an additional 644 shares in the last quarter. Finally, Wealth Effects LLC raised its stake in shares of Manhattan Associates by 20.8% in the 3rd quarter. Wealth Effects LLC now owns 1,305 shares of the software maker's stock valued at $367,000 after acquiring an additional 225 shares during the period. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Manhattan Associates Stock Performance

Shares of MANH stock traded down $3.47 during mid-day trading on Friday, reaching $182.51. 735,508 shares of the company were exchanged, compared to its average volume of 872,756. The business's 50 day simple moving average is $247.68 and its 200 day simple moving average is $266.01. The company has a market capitalization of $11.16 billion, a P/E ratio of 52.00 and a beta of 1.50. Manhattan Associates, Inc. has a fifty-two week low of $169.94 and a fifty-two week high of $312.60.

Insiders Place Their Bets

In related news, SVP Bruce Richards sold 4,150 shares of the company's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $289.73, for a total transaction of $1,202,379.50. Following the sale, the senior vice president now directly owns 22,086 shares of the company's stock, valued at approximately $6,398,976.78. This represents a 15.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP James Stewart Gantt sold 3,475 shares of Manhattan Associates stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $288.10, for a total transaction of $1,001,147.50. Following the completion of the transaction, the executive vice president now directly owns 42,812 shares of the company's stock, valued at approximately $12,334,137.20. This represents a 7.51 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on MANH shares. Loop Capital decreased their price target 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. DA Davidson lowered their target price 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. William Blair raised Manhattan Associates from a "market perform" rating to an "outperform" rating in a research report on Thursday, February 13th. Citigroup lowered their price objective on shares of Manhattan Associates from $306.00 to $303.00 and set a "neutral" rating for the company in a research report on Monday, January 27th. Finally, Truist Financial dropped their price objective on shares of Manhattan Associates from $310.00 to $285.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $273.33.

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.