Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH – Free Report) by 4.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,434 shares of the software maker’s stock after buying an additional 394 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Manhattan Associates were worth $1,461,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. TD Asset Management Inc raised its holdings in shares of Manhattan Associates by 14.6% during the fourth quarter. TD Asset Management Inc now owns 169,560 shares of the software maker’s stock worth $20,585,000 after acquiring an additional 21,661 shares during the period. Swiss National Bank boosted its position in shares of Manhattan Associates by 1.3% during the fourth quarter. Swiss National Bank now owns 151,520 shares of the software maker’s stock worth $18,395,000 after buying an additional 1,900 shares during the period. Oversea Chinese Banking CORP Ltd bought a new position in shares of Manhattan Associates during the fourth quarter worth about $406,000. Victory Capital Management Inc. raised its position in Manhattan Associates by 76.8% in the 1st quarter. Victory Capital Management Inc. now owns 23,752 shares of the software maker’s stock valued at $3,678,000 after buying an additional 10,314 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Manhattan Associates by 1.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 15,043 shares of the software maker’s stock valued at $1,826,000 after acquiring an additional 157 shares in the last quarter. 97.09% of the stock is owned by institutional investors.
Manhattan Associates Price Performance
MANH opened at $191.24 on Wednesday. The business has a fifty day simple moving average of $192.48 and a 200 day simple moving average of $168.81. Manhattan Associates, Inc. has a 1 year low of $107.18 and a 1 year high of $208.31. The company has a market capitalization of $11.79 billion, a PE ratio of 82.43 and a beta of 1.57.
Analyst Upgrades and Downgrades
MANH has been the subject of several analyst reports. Truist Financial raised their price objective on Manhattan Associates from $210.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. Robert W. Baird upped their price objective on Manhattan Associates from $184.00 to $219.00 in a research note on Tuesday, July 18th. Rosenblatt Securities lifted their price objective on shares of Manhattan Associates from $160.00 to $196.00 and gave the company a “neutral” rating in a research report on Wednesday, July 26th. StockNews.com started coverage on shares of Manhattan Associates in a research note on Thursday, May 18th. They issued a “buy” rating for the company. Finally, DA Davidson lifted their price target on Manhattan Associates from $160.00 to $175.00 in a report on Wednesday, July 26th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $206.50.
Read Our Latest Stock Report on Manhattan Associates
Insider Activity at Manhattan Associates
In other Manhattan Associates news, Director Deepak Raghavan sold 5,521 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $178.62, for a total transaction of $986,161.02. Following the transaction, the director now owns 25,730 shares in the company, valued at approximately $4,595,892.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Deepak Raghavan sold 5,521 shares of the stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $178.62, for a total transaction of $986,161.02. Following the sale, the director now directly owns 25,730 shares of the company’s stock, valued at approximately $4,595,892.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Edmond Eger sold 1,885 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $189.45, for a total value of $357,113.25. Following the completion of the transaction, the director now owns 12,385 shares in the company, valued at approximately $2,346,338.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,206 shares of company stock worth $1,685,274. Company insiders own 0.85% of the company’s stock.
Manhattan Associates Profile
Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Manhattan SCALE, a portfolio of logistics execution solutions that provide trading partner management, yard management, optimization, warehouse management, and transportation execution services; and Manhattan Active, a set of enterprise and omnichannel solution, which include enterprise solutions and omnichannel solutions for store.
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