Siemens Fonds Invest GmbH Acquires New Shares in Manhattan Associates, Inc. (NASDAQ:MANH)

Siemens Fonds Invest GmbH purchased a new stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,404 shares of the software maker's stock, valued at approximately $379,000.

Other hedge funds also recently bought and sold shares of the company. Tokio Marine Asset Management Co. Ltd. acquired a new stake in Manhattan Associates in the 4th quarter valued at about $3,890,000. GDS Wealth Management raised its position in Manhattan Associates by 281.4% in the 4th quarter. GDS Wealth Management now owns 6,347 shares of the software maker's stock valued at $1,715,000 after purchasing an additional 4,683 shares in the last quarter. AustralianSuper Pty Ltd raised its position in Manhattan Associates by 968.0% in the 4th quarter. AustralianSuper Pty Ltd now owns 232,719 shares of the software maker's stock valued at $62,890,000 after purchasing an additional 210,929 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Manhattan Associates during the fourth quarter worth $1,200,000. Finally, Dock Street Asset Management Inc. increased its holdings in Manhattan Associates by 6.1% in the fourth quarter. Dock Street Asset Management Inc. now owns 72,031 shares of the software maker's stock valued at $19,466,000 after buying an additional 4,137 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

Manhattan Associates Trading Down 0.3%

Shares of NASDAQ MANH traded down $0.54 during trading hours on Friday, reaching $188.35. The stock had a trading volume of 6,197,591 shares, compared to its average volume of 612,853. The firm has a market cap of $11.44 billion, a price-to-earnings ratio of 53.66 and a beta of 1.13. Manhattan Associates, Inc. has a fifty-two week low of $140.81 and a fifty-two week high of $312.60. The firm has a 50-day moving average of $175.58 and a 200-day moving average of $217.51.

Analyst Upgrades and Downgrades

MANH has been the subject of several analyst reports. William Blair raised Manhattan Associates from a "market perform" rating to an "outperform" rating in a research report on Thursday, February 13th. Citigroup cut their target price on Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. DA Davidson raised their target price on Manhattan Associates from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Loop Capital reissued a "hold" rating and set a $170.00 target price (down previously from $275.00) on shares of Manhattan Associates in a research report on Thursday, April 10th. Finally, Truist Financial raised their target price on Manhattan Associates from $190.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $210.14.

Insider Buying and Selling at Manhattan Associates

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

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.