Natixis Advisors L.P. Has $19.15 Million Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Natixis Advisors L.P. reduced its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 4.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 88,915 shares of the software maker’s stock after selling 4,421 shares during the quarter. Natixis Advisors L.P.’s holdings in Manhattan Associates were worth $19,145,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in Manhattan Associates by 259.4% in the 4th quarter. Blue Trust Inc. now owns 115 shares of the software maker’s stock valued at $25,000 after buying an additional 83 shares during the last quarter. Bear Mountain Capital Inc. acquired a new stake in Manhattan Associates in the 4th quarter valued at $26,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Manhattan Associates in the 4th quarter valued at $26,000. Lindbrook Capital LLC increased its stake in Manhattan Associates by 28.8% in the 4th quarter. Lindbrook Capital LLC now owns 206 shares of the software maker’s stock valued at $44,000 after buying an additional 46 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in Manhattan Associates by 25.9% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the software maker’s stock valued at $61,000 after buying an additional 58 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Manhattan Associates Stock Performance

Shares of MANH stock opened at $210.76 on Monday. The company has a market capitalization of $12.98 billion, a price-to-earnings ratio of 68.88 and a beta of 1.45. The company has a 50-day simple moving average of $240.00 and a 200 day simple moving average of $227.21. Manhattan Associates, Inc. has a 52 week low of $166.82 and a 52 week high of $266.94.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. DA Davidson raised shares of Manhattan Associates from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $220.00 to $240.00 in a research report on Thursday, April 25th. Citigroup decreased their price objective on shares of Manhattan Associates from $260.00 to $220.00 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Rosenblatt Securities reissued a “neutral” rating and issued a $225.00 price objective on shares of Manhattan Associates in a research report on Wednesday, April 24th. William Blair reissued a “market perform” rating on shares of Manhattan Associates in a research report on Wednesday, April 24th. Finally, Raymond James lifted their price objective on shares of Manhattan Associates from $214.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $234.86.

Insider Buying and Selling

In related news, EVP James Stewart Gantt sold 680 shares of Manhattan Associates stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $248.84, for a total transaction of $169,211.20. Following the completion of the sale, the executive vice president now owns 57,093 shares of the company’s stock, valued at approximately $14,207,022.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Manhattan Associates news, CEO Eddie Capel sold 10,897 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $247.73, for a total value of $2,699,513.81. Following the completion of the sale, the chief executive officer now owns 242,153 shares of the company’s stock, valued at approximately $59,988,562.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James Stewart Gantt sold 680 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $248.84, for a total transaction of $169,211.20. Following the completion of the sale, the executive vice president now directly owns 57,093 shares of the company’s stock, valued at approximately $14,207,022.12. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.

About Manhattan Associates

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.