Hennion & Walsh Asset Management Inc. Has $357,000 Stock Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Hennion & Walsh Asset Management Inc. reduced its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 46.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,063 shares of the software maker's stock after selling 1,787 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in Manhattan Associates were worth $357,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. AustralianSuper Pty Ltd raised its holdings in Manhattan Associates by 968.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 232,719 shares of the software maker's stock worth $62,890,000 after buying an additional 210,929 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Manhattan Associates during the 4th quarter worth approximately $1,200,000. JPMorgan Chase & Co. raised its holdings in Manhattan Associates by 213.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,009,913 shares of the software maker's stock worth $284,169,000 after buying an additional 687,933 shares during the period. Skandinaviska Enskilda Banken AB publ raised its holdings in Manhattan Associates by 3.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 438,760 shares of the software maker's stock worth $118,974,000 after buying an additional 15,851 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in shares of 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. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Truist Financial lifted their price objective on shares of Manhattan Associates from $190.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. DA Davidson lifted their price objective on shares of Manhattan Associates from $200.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Citigroup lowered their price objective on shares of Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Robert W. Baird set a $212.00 price objective on shares of Manhattan Associates and gave the company an "outperform" rating in a report on Wednesday, May 21st. Finally, Piper Sandler lowered their price objective on shares of Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating on the stock in a report on Friday, March 14th. Three analysts have rated the stock with a hold rating and six have issued 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 $210.14.

Manhattan Associates Trading Up 1.4%

Shares of MANH opened at $192.78 on Monday. The company has a market cap of $11.70 billion, a price-to-earnings ratio of 54.92 and a beta of 1.08. Manhattan Associates, Inc. has a 1-year low of $140.81 and a 1-year high of $312.60. The company's fifty day simple moving average is $177.05 and its 200 day simple moving average is $214.19.

About Manhattan Associates

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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