Asset Management One Co. Ltd. Sells 31,532 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Asset Management One Co. Ltd. cut its stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 32.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,128 shares of the software maker's stock after selling 31,532 shares during the period. Asset Management One Co. Ltd. owned 0.11% of Manhattan Associates worth $11,621,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Y Intercept Hong Kong Ltd bought a new stake in shares of Manhattan Associates during the fourth quarter worth $1,200,000. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Manhattan Associates by 3.7% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 438,760 shares of the software maker's stock worth $118,974,000 after purchasing an additional 15,851 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Manhattan Associates by 126.2% in the fourth quarter. Fisher Asset Management LLC now owns 99,236 shares of the software maker's stock valued at $26,818,000 after purchasing an additional 55,362 shares during the last quarter. Prudential PLC boosted its stake in Manhattan Associates by 40.0% during the 4th quarter. Prudential PLC now owns 23,936 shares of the software maker's stock worth $6,468,000 after acquiring an additional 6,835 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in Manhattan Associates by 876.3% during the 1st quarter. SG Americas Securities LLC now owns 7,615 shares of the software maker's stock worth $1,318,000 after acquiring an additional 6,835 shares during the last quarter. 98.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on MANH shares. Robert W. Baird set a $212.00 price target on shares of Manhattan Associates and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Truist Financial lifted their price target on shares of Manhattan Associates from $190.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Loop Capital reiterated a "hold" rating and set a $170.00 target price (down previously from $275.00) on shares of Manhattan Associates in a report on Thursday, April 10th. Piper Sandler decreased their price objective on Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating for the company in a report on Friday, March 14th. Finally, DA Davidson boosted their price objective on shares of Manhattan Associates from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, Manhattan Associates presently has an average rating of "Moderate Buy" and a consensus target price of $208.88.

Manhattan Associates Stock Up 0.1%

Shares of NASDAQ MANH traded up $0.22 during trading hours on Monday, hitting $197.47. The company had a trading volume of 540,178 shares, compared to its average volume of 635,149. Manhattan Associates, Inc. has a 1-year low of $140.81 and a 1-year high of $312.60. The firm's 50 day moving average is $187.49 and its 200-day moving average is $202.68. The stock has a market capitalization of $11.99 billion, a P/E ratio of 56.42 and a beta of 1.08.

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.