Natixis Advisors LLC Sells 615 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Natixis Advisors LLC lessened its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,826 shares of the software maker’s stock after selling 615 shares during the quarter. Natixis Advisors LLC’s holdings in Manhattan Associates were worth $4,817,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of Manhattan Associates during the 4th quarter valued at about $3,890,000. GDS Wealth Management boosted its position in shares of Manhattan Associates by 281.4% during the 4th quarter. GDS Wealth Management now owns 6,347 shares of the software maker’s stock valued at $1,715,000 after acquiring an additional 4,683 shares during the last quarter. Oak Thistle LLC purchased a new position in shares of Manhattan Associates during the 4th quarter valued at about $1,326,000. AustralianSuper Pty Ltd raised its holdings in shares of Manhattan Associates by 968.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 232,719 shares of the software maker’s stock valued at $62,890,000 after buying an additional 210,929 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Manhattan Associates during the 4th quarter valued at about $1,200,000. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

Shares of MANH stock opened at $171.08 on Friday. The firm has a market cap of $10.46 billion, a P/E 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 business’s 50 day moving average price is $205.73 and its 200-day moving average price is $254.44.

Insider Transactions at Manhattan Associates

In other news, CFO Dennis B. Story sold 2,788 shares of Manhattan Associates 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 sale, the chief financial officer now directly owns 101,263 shares in the company, valued at approximately $17,298,758.29. This trade represents a 2.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on MANH shares. Robert W. Baird decreased their price objective on Manhattan Associates from $282.00 to $225.00 and set an “outperform” rating on the stock in a report on Tuesday. Truist Financial decreased their price objective on Manhattan Associates from $310.00 to $285.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Raymond James decreased their price objective on Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. Piper Sandler decreased their price objective on Manhattan Associates from $268.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. Finally, StockNews.com cut Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $243.78.

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 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.