Manhattan Associates, Inc. (NASDAQ:MANH) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG grew its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 11.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 222,414 shares of the software maker's stock after purchasing an additional 22,113 shares during the period. Deutsche Bank AG owned approximately 0.36% of Manhattan Associates worth $60,105,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MANH. Tokio Marine Asset Management Co. Ltd. acquired a new position in Manhattan Associates during the fourth quarter worth $3,890,000. GDS Wealth Management boosted its position in shares of Manhattan Associates by 281.4% during the 4th quarter. GDS Wealth Management now owns 6,347 shares of the software maker's stock worth $1,715,000 after purchasing an additional 4,683 shares in the last quarter. Oak Thistle LLC purchased a new stake in shares of Manhattan Associates during the 4th quarter worth $1,326,000. AustralianSuper Pty Ltd grew its stake in shares of 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 purchasing an additional 210,929 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Manhattan Associates in the 4th quarter valued at about $1,200,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Dennis B. Story sold 2,788 shares of Manhattan Associates stock in a transaction dated 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 owns 101,263 shares in the company, valued at approximately $17,298,758.29. This trade represents a 2.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.88% of the company's stock.

Analysts Set New Price Targets

MANH has been the topic of a number of research analyst reports. Truist Financial boosted their price objective on shares of Manhattan Associates from $180.00 to $190.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Loop Capital restated a "hold" rating and issued a $170.00 price target (down previously from $275.00) on shares of Manhattan Associates in a report on Thursday, April 10th. DA Davidson raised their price objective on Manhattan Associates from $195.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Raymond James decreased their target price on Manhattan Associates from $305.00 to $270.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 29th. Finally, Citigroup dropped their price target on Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $212.38.

Manhattan Associates Stock Performance

Shares of NASDAQ:MANH opened at $196.00 on Tuesday. The business's fifty day moving average price is $170.28 and its two-hundred day moving average price is $225.45. The stock has a market cap of $11.90 billion, a PE ratio of 55.84 and a beta of 1.13. Manhattan Associates, Inc. has a one year low of $140.81 and a one year high of $312.60.

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.

Want to see what other hedge funds are holding MANH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Manhattan Associates, Inc. (NASDAQ:MANH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.