Envestnet Asset Management Inc. raised its position in Manhattan Associates, Inc. (NASDAQ:MANH – Get Rating) by 35.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,721 shares of the software maker’s stock after buying an additional 29,655 shares during the quarter. Envestnet Asset Management Inc. owned about 0.18% of Manhattan Associates worth $14,995,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. State Street Corp raised its stake in shares of Manhattan Associates by 1.9% in the first quarter. State Street Corp now owns 1,688,153 shares of the software maker’s stock valued at $234,164,000 after buying an additional 31,337 shares during the period. RGM Capital LLC raised its stake in shares of Manhattan Associates by 8.4% in the second quarter. RGM Capital LLC now owns 982,528 shares of the software maker’s stock valued at $112,598,000 after buying an additional 75,780 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Manhattan Associates by 37.9% in the second quarter. Goldman Sachs Group Inc. now owns 819,305 shares of the software maker’s stock valued at $93,892,000 after buying an additional 225,136 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Manhattan Associates by 2.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 557,686 shares of the software maker’s stock valued at $77,358,000 after buying an additional 14,903 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of Manhattan Associates by 13.2% in the first quarter. Wellington Management Group LLP now owns 504,212 shares of the software maker’s stock valued at $69,939,000 after buying an additional 58,738 shares during the period. 96.92% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, CEO Eddie Capel sold 42,678 shares of the business’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $144.04, for a total transaction of $6,147,339.12. Following the completion of the transaction, the chief executive officer now directly owns 207,422 shares in the company, valued at $29,877,064.88. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.78% of the stock is owned by company insiders.
Manhattan Associates Stock Down 1.0 %
Analysts Set New Price Targets
Several analysts have issued reports on MANH shares. Robert W. Baird boosted their target price on Manhattan Associates from $161.00 to $168.00 in a research note on Friday, February 3rd. Rosenblatt Securities boosted their price objective on Manhattan Associates from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. Finally, DA Davidson began coverage on Manhattan Associates in a research note on Tuesday. They set a “neutral” rating and a $145.00 price objective on the stock.
Manhattan Associates Company Profile
Manhattan Associates, Inc engages in designing, building and delivering supply chain commerce solutions by converging front-end sales with back-end supply chain. It operates through the following geographical segments: The Americas, Europe, Middle East and Africa and Asia Pacific. The company was founded by Deepak Raghavan in October 1990 and is headquartered in Atlanta, GA.
Featured Stories
- Get a free copy of the StockNews.com research report on Manhattan Associates (MANH)
- Carvana Skidding On Revenue Decrease, Heavy Debt Burden
- What Are Consumer Staples Stocks?
- Is Rocky Brands Dividend A Good Fit For Your Portfolio?
- Beyond Meat Stock Is Not Beyond Hope
- Analysts Holding As Pfizer Waits On Two Phase 3 Studies
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 – Get Rating).
Receive News & Ratings for Manhattan Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manhattan Associates and related companies with MarketBeat.com's FREE daily email newsletter.
