Manhattan Associates, Inc. (NASDAQ:MANH) Shares Sold by Natixis Advisors L.P.

Natixis Advisors L.P. decreased its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 4.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 88,915 shares of the software maker's stock after selling 4,421 shares during the period. Natixis Advisors L.P. owned about 0.14% of Manhattan Associates worth $19,145,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MANH. Blue Trust Inc. boosted its position in shares of Manhattan Associates by 259.4% in the 4th quarter. Blue Trust Inc. now owns 115 shares of the software maker's stock worth $25,000 after purchasing an additional 83 shares in the last quarter. Bear Mountain Capital Inc. bought a new position in shares of Manhattan Associates in the 4th quarter worth approximately $26,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Manhattan Associates in the 4th quarter worth approximately $26,000. Lindbrook Capital LLC lifted its stake in shares of Manhattan Associates by 28.8% in the 4th quarter. Lindbrook Capital LLC now owns 206 shares of the software maker's stock worth $44,000 after purchasing an additional 46 shares during the period. Finally, UMB Bank n.a. grew its holdings in Manhattan Associates by 25.9% during the 4th quarter. UMB Bank n.a. now owns 282 shares of the software maker's stock valued at $61,000 after buying an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MANH shares. Raymond James increased their price objective on shares of Manhattan Associates from $214.00 to $250.00 and gave the company an "outperform" rating in a report on Wednesday, January 31st. William Blair reaffirmed a "market perform" rating on shares of Manhattan Associates in a research note on Wednesday, April 24th. Truist Financial increased their target price on Manhattan Associates from $240.00 to $260.00 and gave the company a "buy" rating in a research report on Wednesday, January 31st. Citigroup reduced their price target on shares of Manhattan Associates from $260.00 to $220.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 24th. Finally, DA Davidson upgraded shares of Manhattan Associates from a "neutral" rating to a "buy" rating and increased their price objective for the company from $220.00 to $240.00 in a research report on Thursday, April 25th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $234.86.

Manhattan Associates Trading Up 1.2 %

Shares of MANH traded up $2.63 during trading hours on Monday, reaching $213.39. 274,896 shares of the company traded hands, compared to its average volume of 391,384. The firm has a market cap of $13.14 billion, a price-to-earnings ratio of 68.88 and a beta of 1.45. Manhattan Associates, Inc. has a 12-month low of $167.29 and a 12-month high of $266.94. The stock's fifty day moving average price is $240.00 and its 200 day moving average price is $227.21.

Insider Activity

In other news, EVP James Stewart Gantt sold 680 shares of the business's stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $248.84, for a total transaction of $169,211.20. Following the completion of the sale, the executive vice president now directly owns 57,093 shares of the company's stock, valued at $14,207,022.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Eddie Capel sold 10,897 shares of the company's stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $247.73, for a total value of $2,699,513.81. Following the completion of the sale, the chief executive officer now directly owns 242,153 shares of the company's stock, valued at $59,988,562.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP James Stewart Gantt sold 680 shares of the business's stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $248.84, for a total transaction of $169,211.20. Following the completion of the transaction, the executive vice president now owns 57,093 shares of the company's stock, valued at $14,207,022.12. The disclosure for this sale can be found here. Insiders own 0.72% of the company's stock.

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.