Lbp Am Sa Sells 3,331 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

LBP AM SA trimmed its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 19.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,580 shares of the software maker's stock after selling 3,331 shares during the quarter. LBP AM SA's holdings in Manhattan Associates were worth $2,350,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of MANH. Twin Tree Management LP bought a new stake in Manhattan Associates during the 4th quarter worth approximately $25,000. Central Pacific Bank Trust Division boosted its position in Manhattan Associates by 107.3% during the 1st quarter. Central Pacific Bank Trust Division now owns 199 shares of the software maker's stock worth $34,000 after acquiring an additional 103 shares during the last quarter. Park Square Financial Group LLC acquired a new position in Manhattan Associates during the 4th quarter worth approximately $38,000. Transce3nd LLC acquired a new position in Manhattan Associates during the 4th quarter worth approximately $41,000. Finally, EverSource Wealth Advisors LLC boosted its position in Manhattan Associates by 144.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 308 shares of the software maker's stock worth $83,000 after acquiring an additional 182 shares during the last quarter. 98.45% of the stock is owned by institutional investors.

Manhattan Associates Price Performance

Manhattan Associates stock traded up $1.69 during mid-day trading on Monday, hitting $197.85. 585,629 shares of the company's stock traded hands, compared to its average volume of 640,261. The firm has a 50 day simple moving average of $192.02 and a two-hundred day simple moving average of $197.34. Manhattan Associates, Inc. has a fifty-two week low of $140.81 and a fifty-two week high of $312.60. The stock has a market cap of $12.01 billion, a price-to-earnings ratio of 56.53 and a beta of 1.08.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Truist Financial upped their price target on Manhattan Associates from $190.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Redburn Atlantic downgraded Manhattan Associates from a "buy" rating to a "neutral" rating and cut their price objective for the company from $270.00 to $200.00 in a report on Tuesday, June 10th. Robert W. Baird set a $212.00 price objective on Manhattan Associates and gave the company an "outperform" rating in a report on Wednesday, May 21st. Morgan Stanley began coverage on Manhattan Associates in a report on Monday. They issued an "underweight" rating and a $190.00 price objective for the company. Finally, DA Davidson increased their price objective on Manhattan Associates from $200.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Manhattan Associates has an average rating of "Hold" and a consensus target price of $206.78.

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.