Harvest Fund Management Co. Ltd Sells 1,975 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Harvest Fund Management Co. Ltd lessened its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 58.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,376 shares of the software maker’s stock after selling 1,975 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Manhattan Associates were worth $372,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Xponance Inc. lifted its holdings in shares of Manhattan Associates by 4.0% in the fourth quarter. Xponance Inc. now owns 17,095 shares of the software maker’s stock worth $4,620,000 after buying an additional 657 shares in the last quarter. Generali Asset Management SPA SGR purchased a new stake in shares of Manhattan Associates in the fourth quarter worth about $2,782,000. William Blair Investment Management LLC lifted its holdings in shares of Manhattan Associates by 9.2% in the fourth quarter. William Blair Investment Management LLC now owns 682,013 shares of the software maker’s stock worth $184,307,000 after buying an additional 57,586 shares in the last quarter. Twin Tree Management LP purchased a new stake in shares of Manhattan Associates in the fourth quarter worth about $25,000. Finally, First National Advisers LLC lifted its holdings in shares of Manhattan Associates by 8.8% in the fourth quarter. First National Advisers LLC now owns 11,595 shares of the software maker’s stock worth $3,133,000 after buying an additional 936 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Manhattan Associates Stock Performance

Shares of MANH opened at $171.08 on Friday. The firm has a market cap of $10.46 billion, a price-to-earnings ratio of 48.74 and a beta of 1.47. Manhattan Associates, Inc. has a fifty-two week low of $163.10 and a fifty-two week high of $312.60. The firm has a 50 day moving average price of $205.73 and a 200-day moving average price of $254.44.

Insider Transactions at Manhattan Associates

In other news, CFO Dennis B. Story sold 2,788 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $170.83, for a total value of $476,274.04. Following the completion of the sale, 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 legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MANH. DA Davidson lowered their price target on shares of Manhattan Associates from $315.00 to $270.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. StockNews.com downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Raymond James lowered their target price on shares of Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. William Blair raised shares of Manhattan Associates from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 13th. Finally, Loop Capital lowered their target price on shares of Manhattan Associates from $310.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Manhattan Associates has an average rating of “Moderate Buy” and an average target price of $243.78.

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.