Swiss National Bank Has $46.76 Million Stock Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Swiss National Bank cut its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 173,020 shares of the software maker’s stock after selling 9,800 shares during the quarter. Swiss National Bank owned approximately 0.28% of Manhattan Associates worth $46,757,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MANH. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Manhattan Associates by 1.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 129,578 shares of the software maker’s stock valued at $36,461,000 after buying an additional 1,779 shares in the last quarter. KBC Group NV increased its stake in shares of Manhattan Associates by 70.9% in the third quarter. KBC Group NV now owns 28,355 shares of the software maker’s stock valued at $7,979,000 after buying an additional 11,762 shares in the last quarter. Huntington National Bank increased its stake in shares of Manhattan Associates by 5.9% in the third quarter. Huntington National Bank now owns 879 shares of the software maker’s stock valued at $247,000 after buying an additional 49 shares in the last quarter. Metis Global Partners LLC acquired a new stake in shares of Manhattan Associates in the third quarter valued at $220,000. Finally, OneDigital Investment Advisors LLC increased its stake in shares of Manhattan Associates by 3.8% in the third quarter. OneDigital Investment Advisors LLC now owns 6,267 shares of the software maker’s stock valued at $1,763,000 after buying an additional 228 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on MANH shares. Raymond James decreased their price target on Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. DA Davidson decreased their price target on Manhattan Associates from $315.00 to $270.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Truist Financial decreased their price target on Manhattan Associates from $310.00 to $285.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Piper Sandler decreased their price target on Manhattan Associates from $268.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Citigroup decreased their price target on Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating on the stock in a report on Friday. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Manhattan Associates currently has a consensus rating of “Moderate Buy” and an average target price of $252.56.

Insiders Place Their Bets

In related news, CFO Dennis B. Story sold 2,788 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $170.83, for a total value of $476,274.04. Following the completion of the transaction, the chief financial officer now directly owns 101,263 shares in the company, valued at approximately $17,298,758.29. The trade was a 2.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.72% of the company’s stock.

Manhattan Associates Trading Up 5.5 %

Shares of MANH opened at $172.50 on Monday. Manhattan Associates, Inc. has a 1 year low of $163.10 and a 1 year high of $312.60. The stock has a market cap of $10.54 billion, a P/E ratio of 49.15 and a beta of 1.47. The stock’s 50-day moving average price is $215.40 and its two-hundred day moving average price is $257.50.

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.