Swiss National Bank Grows Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Swiss National Bank grew its holdings in Manhattan Associates, Inc. (NASDAQ:MANHFree Report) by 48.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 199,820 shares of the software maker’s stock after acquiring an additional 64,800 shares during the period. Swiss National Bank owned about 0.32% of Manhattan Associates worth $39,496,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. abrdn plc boosted its stake in Manhattan Associates by 15.7% in the 2nd quarter. abrdn plc now owns 27,825 shares of the software maker’s stock worth $5,562,000 after purchasing an additional 3,768 shares during the period. Zions Bancorporation N.A. grew its stake in Manhattan Associates by 6.2% during the third quarter. Zions Bancorporation N.A. now owns 8,418 shares of the software maker’s stock valued at $1,664,000 after acquiring an additional 489 shares in the last quarter. Jump Financial LLC increased its holdings in Manhattan Associates by 255.1% in the 3rd quarter. Jump Financial LLC now owns 23,956 shares of the software maker’s stock valued at $4,735,000 after acquiring an additional 17,209 shares during the last quarter. Panagora Asset Management Inc. increased its holdings in Manhattan Associates by 2.4% in the 2nd quarter. Panagora Asset Management Inc. now owns 41,495 shares of the software maker’s stock valued at $8,294,000 after acquiring an additional 988 shares during the last quarter. Finally, Barclays PLC lifted its stake in Manhattan Associates by 22.3% in the 3rd quarter. Barclays PLC now owns 90,374 shares of the software maker’s stock worth $17,863,000 after purchasing an additional 16,485 shares in the last quarter. Institutional investors own 97.85% of the company’s stock.

Insider Activity at Manhattan Associates

In other Manhattan Associates news, Director Thomas E. Noonan sold 2,515 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $222.13, for a total transaction of $558,656.95. Following the completion of the sale, the director now directly owns 106,857 shares of the company’s stock, valued at $23,736,145.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP James Stewart Gantt sold 3,042 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $215.50, for a total transaction of $655,551.00. Following the transaction, the executive vice president now directly owns 51,609 shares in the company, valued at approximately $11,121,739.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Thomas E. Noonan sold 2,515 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $222.13, for a total value of $558,656.95. Following the completion of the sale, the director now owns 106,857 shares of the company’s stock, valued at $23,736,145.41. The disclosure for this sale can be found here. 0.85% of the stock is owned by corporate insiders.

Manhattan Associates Stock Down 0.7 %

MANH stock opened at $245.73 on Thursday. The stock has a market capitalization of $15.13 billion, a price-to-earnings ratio of 87.14 and a beta of 1.46. Manhattan Associates, Inc. has a twelve month low of $133.81 and a twelve month high of $258.91. The firm’s fifty day simple moving average is $220.88 and its two-hundred day simple moving average is $207.46.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MANH. StockNews.com raised Manhattan Associates from a “hold” rating to a “buy” rating in a report on Friday, December 15th. Raymond James increased their target price on Manhattan Associates from $214.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Rosenblatt Securities raised their target price on shares of Manhattan Associates from $215.00 to $225.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Finally, Truist Financial lifted their price objective on shares of Manhattan Associates from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $226.50.

Get Our Latest Report on Manhattan Associates

Manhattan Associates Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Manhattan Associates (NASDAQ:MANH)

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