14,394 Shares in Manhattan Associates, Inc. (NASDAQ:MANH) Purchased by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 14,394 shares of the software maker's stock, valued at approximately $3,890,000.

Several other large investors have also made changes to their positions in the business. Capital Performance Advisors LLP acquired a new position in Manhattan Associates in the third quarter valued at approximately $34,000. Synergy Asset Management LLC purchased a new position in shares of Manhattan Associates during the 4th quarter valued at approximately $35,000. Ashton Thomas Securities LLC acquired a new position in shares of Manhattan Associates in the 3rd quarter valued at $42,000. Carolina Wealth Advisors LLC purchased a new stake in Manhattan Associates during the third quarter worth $50,000. Finally, Brooklyn Investment Group acquired a new stake in Manhattan Associates during the third quarter valued at $58,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Manhattan Associates Trading Down 1.3 %

MANH stock traded down $2.65 during mid-day trading on Thursday, reaching $198.07. The company's stock had a trading volume of 618,771 shares, compared to its average volume of 639,967. The company's 50 day moving average is $272.42 and its two-hundred day moving average is $270.59. Manhattan Associates, Inc. has a fifty-two week low of $196.04 and a fifty-two week high of $312.60. The stock has a market cap of $12.10 billion, a PE ratio of 56.43 and a beta of 1.50.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MANH. Truist Financial decreased their price objective on shares of Manhattan Associates from $310.00 to $285.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Raymond James reduced 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 dropped their price objective on Manhattan Associates from $310.00 to $275.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Piper Sandler reaffirmed an "overweight" rating and set a $268.00 target price (down from $326.00) on shares of Manhattan Associates in a research note on Wednesday, January 29th. Finally, Robert W. Baird increased their target price on Manhattan Associates from $263.00 to $304.00 and gave the company an "outperform" rating in a research report on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Manhattan Associates presently has an average rating of "Moderate Buy" and an average price target of $273.33.

Insider Activity at Manhattan Associates

In other news, SVP Bruce Richards sold 4,150 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $289.73, for a total value of $1,202,379.50. Following the completion of the sale, the senior vice president now owns 22,086 shares of the company's stock, valued at $6,398,976.78. This represents a 15.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP James Stewart Gantt sold 3,475 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president now owns 42,812 shares of the company's stock, valued at $12,334,137.20. This represents a 7.51 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.72% of the company's stock.

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.