DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 150,408 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main cut its holdings in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 99.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,113 shares of the software maker's stock after selling 150,408 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Manhattan Associates were worth $301,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Crestline Management LP purchased a new stake in shares of Manhattan Associates during the fourth quarter valued at $1,193,000. Cetera Investment Advisers boosted its holdings in shares of Manhattan Associates by 38.6% during the 4th quarter. Cetera Investment Advisers now owns 5,902 shares of the software maker's stock valued at $1,595,000 after acquiring an additional 1,645 shares during the last quarter. BOKF NA grew its stake in shares of Manhattan Associates by 0.4% in the fourth quarter. BOKF NA now owns 13,271 shares of the software maker's stock worth $3,522,000 after acquiring an additional 55 shares during the period. Bridgefront Capital LLC purchased a new position in shares of Manhattan Associates during the fourth quarter valued at approximately $363,000. Finally, Captrust Financial Advisors lifted its position in Manhattan Associates by 26.5% during the fourth quarter. Captrust Financial Advisors now owns 6,194 shares of the software maker's stock valued at $1,674,000 after purchasing an additional 1,297 shares during the period. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Manhattan Associates Price Performance

Shares of NASDAQ:MANH opened at $196.00 on Tuesday. The company has a market capitalization of $11.90 billion, a P/E ratio of 55.84 and a beta of 1.13. Manhattan Associates, Inc. has a 1-year low of $140.81 and a 1-year high of $312.60. The firm's 50 day simple moving average is $170.28 and its two-hundred day simple moving average is $225.45.

Insider Activity

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $170.83, for a total transaction of $476,274.04. Following the sale, the chief financial officer now directly owns 101,263 shares of the company's stock, valued at $17,298,758.29. This trade represents a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.88% of the company's stock.

Analyst Ratings Changes

MANH has been the subject of a number of research reports. Loop Capital reiterated a "hold" rating and set a $170.00 target price (down from $275.00) on shares of Manhattan Associates in a research note on Thursday, April 10th. Truist Financial boosted their price target on Manhattan Associates from $180.00 to $190.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. DA Davidson increased their price objective on shares of Manhattan Associates from $195.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. William Blair raised shares of Manhattan Associates from a "market perform" rating to an "outperform" rating in a report on Thursday, February 13th. Finally, Citigroup reduced their target price on shares of Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Manhattan Associates presently has an average rating of "Moderate Buy" and an average target price of $212.38.

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.

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