Swiss National Bank Grows Stock Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Posted by on May 13th, 2023

Swiss National Bank lifted its position in Manhattan Associates, Inc. (NASDAQ:MANH – Get Rating) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 151,520 shares of the software maker’s stock after buying an additional 1,900 shares during the quarter. Swiss National Bank owned approximately 0.24% of Manhattan Associates worth $18,395,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its stake in Manhattan Associates by 37.9% during the second quarter. Goldman Sachs Group Inc. now owns 819,305 shares of the software maker’s stock worth $93,892,000 after purchasing an additional 225,136 shares during the period. BlackRock Inc. increased its stake in Manhattan Associates by 2.9% during the 3rd quarter. BlackRock Inc. now owns 6,275,950 shares of the software maker’s stock worth $834,890,000 after buying an additional 179,044 shares during the period. Exchange Traded Concepts LLC lifted its holdings in Manhattan Associates by 14,221.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 124,742 shares of the software maker’s stock worth $15,144,000 after buying an additional 123,871 shares in the last quarter. Neuberger Berman Group LLC boosted its position in Manhattan Associates by 4.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,718,477 shares of the software maker’s stock valued at $361,640,000 after buying an additional 105,514 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Manhattan Associates by 3.8% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,710,825 shares of the software maker’s stock worth $360,621,000 after acquiring an additional 98,463 shares in the last quarter. Institutional investors and hedge funds own 96.92% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MANH. Robert W. Baird increased their price objective on Manhattan Associates from $168.00 to $184.00 in a research note on Wednesday, April 26th. StockNews.com assumed coverage on Manhattan Associates in a research note on Thursday, March 16th. They issued a “buy” rating for the company. DA Davidson upped their target price on shares of Manhattan Associates from $145.00 to $160.00 in a research note on Wednesday, April 26th. Finally, Rosenblatt Securities lifted their price target on shares of Manhattan Associates from $150.00 to $160.00 in a research note on Wednesday, April 26th.

Insider Buying and Selling at Manhattan Associates

In other news, CEO Eddie Capel sold 42,678 shares of the business’s stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $144.04, for a total transaction of $6,147,339.12. Following the completion of the sale, the chief executive officer now owns 207,422 shares in the company, valued at approximately $29,877,064.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director John J. Huntz, Jr. sold 1,000 shares of Manhattan Associates stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $143.65, for a total value of $143,650.00. Following the transaction, the director now directly owns 65,887 shares in the company, valued at approximately $9,464,667.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Eddie Capel sold 42,678 shares of the stock in a transaction dated Monday, February 13th. The shares were 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 of the company’s stock, valued at $29,877,064.88. The disclosure for this sale can be found here. Insiders have sold 87,803 shares of company stock worth $13,714,600 over the last three months. Insiders own 0.85% of the company’s stock.

Manhattan Associates Stock Performance

MANH opened at $172.82 on Friday. Manhattan Associates, Inc. has a one year low of $106.02 and a one year high of $175.00. The company has a market cap of $10.72 billion, a P/E ratio of 79.28 and a beta of 1.58. The business’s 50-day simple moving average is $154.81 and its 200-day simple moving average is $136.49.

Manhattan Associates Company Profile

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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.

See Also

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Institutional Ownership by Quarter for Manhattan Associates (NASDAQ:MANH)

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