Dark Forest Capital Management LP Has $333,000 Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Dark Forest Capital Management LP raised its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 788.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,149 shares of the software maker’s stock after purchasing an additional 1,907 shares during the period. Dark Forest Capital Management LP’s holdings in Manhattan Associates were worth $333,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. ST Germain D J Co. Inc. bought a new position in Manhattan Associates during the fourth quarter valued at approximately $27,000. Belpointe Asset Management LLC acquired a new position in shares of Manhattan Associates during the 4th quarter worth $32,000. Eagle Bay Advisors LLC bought a new position in shares of Manhattan Associates during the 2nd quarter valued at $36,000. Compass Wealth Management LLC acquired a new stake in shares of Manhattan Associates in the 4th quarter valued at $42,000. Finally, Harvest Fund Management Co. Ltd boosted its holdings in Manhattan Associates by 193.9% in the first quarter. Harvest Fund Management Co. Ltd now owns 479 shares of the software maker’s stock worth $74,000 after purchasing an additional 316 shares in the last quarter. 97.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Rosenblatt Securities raised their target price on Manhattan Associates from $160.00 to $196.00 and gave the company a “neutral” rating in a report on Wednesday, July 26th. StockNews.com began coverage on Manhattan Associates in a research note on Thursday, August 17th. They issued a “buy” rating on the stock. DA Davidson upped their target price on Manhattan Associates from $160.00 to $175.00 in a research report on Wednesday, July 26th. Robert W. Baird lifted their price target on shares of Manhattan Associates from $184.00 to $219.00 in a research report on Tuesday, July 18th. Finally, Raymond James upped their price objective on shares of Manhattan Associates from $165.00 to $214.00 and gave the stock an “outperform” rating in a report on Wednesday, July 26th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Manhattan Associates currently has an average rating of “Moderate Buy” and an average price target of $206.50.

Insider Transactions at Manhattan Associates

In other news, Director Linda T. Hollembaek sold 1,800 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $190.00, for a total transaction of $342,000.00. Following the completion of the transaction, the director now owns 11,747 shares of the company’s stock, valued at $2,231,930. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Linda T. Hollembaek sold 1,800 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $190.00, for a total transaction of $342,000.00. Following the sale, the director now directly owns 11,747 shares in the company, valued at $2,231,930. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Edmond Eger sold 1,885 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $189.45, for a total value of $357,113.25. Following the completion of the transaction, the director now owns 12,385 shares of the company’s stock, valued at $2,346,338.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,500 shares of company stock worth $3,096,968. 0.85% of the stock is currently owned by company insiders.

Manhattan Associates Stock Down 0.7 %

Shares of NASDAQ MANH opened at $201.20 on Friday. Manhattan Associates, Inc. has a 12 month low of $107.18 and a 12 month high of $208.31. The company has a market cap of $12.41 billion, a P/E ratio of 86.72 and a beta of 1.57. The business’s 50 day moving average is $193.25 and its two-hundred day moving average is $172.79.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data on Tuesday, July 25th. The software maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.13. The business had revenue of $231.02 million for the quarter, compared to the consensus estimate of $216.43 million. Manhattan Associates had a net margin of 17.21% and a return on equity of 75.18%. Sell-side analysts expect that Manhattan Associates, Inc. will post 2.17 earnings per share for the current fiscal year.

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 Manhattan SCALE, a portfolio of logistics execution solutions that provide trading partner management, yard management, optimization, warehouse management, and transportation execution services; and Manhattan Active, a set of enterprise and omnichannel solution, which include enterprise solutions and omnichannel solutions for store.