35,649 Shares in Manhattan Associates, Inc. (NASDAQ:MANH) Bought by Sawgrass Asset Management LLC

Sawgrass Asset Management LLC bought a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 35,649 shares of the software maker's stock, valued at approximately $6,169,000. Sawgrass Asset Management LLC owned about 0.06% of Manhattan Associates as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MANH. Twin Tree Management LP acquired a new stake in shares of Manhattan Associates in the fourth quarter valued at about $25,000. Whipplewood Advisors LLC bought a new stake in Manhattan Associates in the fourth quarter valued at approximately $34,000. Park Square Financial Group LLC acquired a new stake in Manhattan Associates during the 4th quarter valued at approximately $38,000. Transce3nd LLC bought a new position in Manhattan Associates during the 4th quarter worth approximately $41,000. Finally, Central Pacific Bank Trust Division lifted its position in shares of Manhattan Associates by 107.3% in the 1st quarter. Central Pacific Bank Trust Division now owns 199 shares of the software maker's stock worth $34,000 after purchasing an additional 103 shares during the period. 98.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MANH has been the subject of several recent analyst reports. Citigroup decreased their price objective on shares of Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. DA Davidson increased their price target on Manhattan Associates from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Loop Capital reissued a "hold" rating and issued a $170.00 price objective (down from $275.00) on shares of Manhattan Associates in a research report on Thursday, April 10th. Robert W. Baird set a $212.00 target price on Manhattan Associates and gave the company an "outperform" rating in a research report on Wednesday, May 21st. Finally, Piper Sandler decreased their target price on Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $208.88.

Manhattan Associates Price Performance

Shares of MANH traded up $2.74 during trading hours on Thursday, hitting $194.22. The stock had a trading volume of 680,596 shares, compared to its average volume of 635,270. Manhattan Associates, Inc. has a 1-year low of $140.81 and a 1-year high of $312.60. The firm has a market capitalization of $11.79 billion, a P/E ratio of 55.49 and a beta of 1.08. The firm has a 50 day simple moving average of $186.08 and a 200-day simple moving average of $205.48.

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.