Pathstone Family Office LLC boosted its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH – Get Rating) by 30.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,882 shares of the software maker’s stock after acquiring an additional 1,605 shares during the quarter. Pathstone Family Office LLC’s holdings in Manhattan Associates were worth $916,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. Decatur Capital Management Inc. increased its position in Manhattan Associates by 0.7% during the second quarter. Decatur Capital Management Inc. now owns 11,140 shares of the software maker’s stock valued at $1,277,000 after acquiring an additional 80 shares during the last quarter. Prudential PLC increased its position in Manhattan Associates by 0.9% during the first quarter. Prudential PLC now owns 10,454 shares of the software maker’s stock valued at $1,450,000 after acquiring an additional 90 shares during the last quarter. Harbor Investment Advisory LLC increased its position in Manhattan Associates by 36.0% during the third quarter. Harbor Investment Advisory LLC now owns 397 shares of the software maker’s stock valued at $53,000 after acquiring an additional 105 shares during the last quarter. Quantbot Technologies LP increased its position in Manhattan Associates by 8.1% during the second quarter. Quantbot Technologies LP now owns 1,479 shares of the software maker’s stock valued at $169,000 after acquiring an additional 111 shares during the last quarter. Finally, Signaturefd LLC increased its position in Manhattan Associates by 11.7% during the third quarter. Signaturefd LLC now owns 1,351 shares of the software maker’s stock valued at $180,000 after acquiring an additional 141 shares during the last quarter. Hedge funds and other institutional investors own 96.92% of the company’s stock.
Insider Transactions at Manhattan Associates
In other news, Director John J. Huntz, Jr. sold 1,000 shares of the company’s stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $143.65, for a total value of $143,650.00. Following the completion of the transaction, the director now owns 65,887 shares of the company’s stock, valued at $9,464,667.55. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Eddie Capel sold 42,678 shares of the company’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $144.04, for a total value of $6,147,339.12. Following the completion of the transaction, the chief executive officer now owns 207,422 shares of the company’s stock, valued at $29,877,064.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John J. Huntz, Jr. sold 1,000 shares of the company’s stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $143.65, for a total value of $143,650.00. Following the completion of the transaction, the director now directly owns 65,887 shares of the company’s stock, valued at approximately $9,464,667.55. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company’s stock.
Wall Street Analysts Forecast Growth
Manhattan Associates Stock Down 2.3 %
Shares of MANH opened at $137.34 on Monday. The business has a 50-day simple moving average of $134.59 and a two-hundred day simple moving average of $130.02. The stock has a market cap of $8.58 billion, a price-to-earnings ratio of 67.32 and a beta of 1.57. Manhattan Associates, Inc. has a 52 week low of $106.02 and a 52 week high of $158.61.
Manhattan Associates Profile
Manhattan Associates, Inc engages in developing, selling, deploying, servicing, and maintaining software solutions. Its solutions focus on supply chains, inventory, and omnichannel for retailers, wholesalers, manufacturers, logistics providers and other organizations. It operates through the following geographical segments: The Americas, Europe, Middle East and Africa, and Asia Pacific.
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