Manhattan Associates, Inc. (NASDAQ:MANH) Shares Purchased by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd boosted its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 968.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 232,719 shares of the software maker’s stock after purchasing an additional 210,929 shares during the period. AustralianSuper Pty Ltd owned approximately 0.38% of Manhattan Associates worth $62,890,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Moloney Securities Asset Management LLC acquired a new stake in Manhattan Associates in the 4th quarter valued at $257,000. Dock Street Asset Management Inc. boosted its position in Manhattan Associates by 6.1% in the 4th quarter. Dock Street Asset Management Inc. now owns 72,031 shares of the software maker’s stock valued at $19,466,000 after buying an additional 4,137 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Manhattan Associates by 31.0% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,430 shares of the software maker’s stock valued at $1,738,000 after buying an additional 1,520 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in Manhattan Associates by 275.6% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 486,750 shares of the software maker’s stock valued at $131,539,000 after buying an additional 357,172 shares during the last quarter. Finally, Silver Oak Securities Incorporated boosted its position in Manhattan Associates by 19.9% in the 4th quarter. Silver Oak Securities Incorporated now owns 2,695 shares of the software maker’s stock valued at $731,000 after buying an additional 448 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Manhattan Associates news, SVP Bruce Richards sold 4,150 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $289.73, for a total value of $1,202,379.50. Following the sale, the senior vice president now owns 22,086 shares in the company, valued at approximately $6,398,976.78. This trade represents a 15.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James Stewart Gantt sold 3,475 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $288.10, for a total transaction of $1,001,147.50. Following the completion of the sale, the executive vice president now owns 42,812 shares in the company, valued at $12,334,137.20. The trade was a 7.51 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on MANH shares. Truist Financial decreased their price objective on shares of Manhattan Associates from $310.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Robert W. Baird upped their price objective on shares of Manhattan Associates from $263.00 to $304.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. StockNews.com cut shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. DA Davidson reduced their price target on shares of Manhattan Associates from $315.00 to $270.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, Citigroup reduced their price target on shares of Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $273.33.

Manhattan Associates Stock Up 1.5 %

Shares of NASDAQ MANH opened at $190.41 on Friday. The firm’s 50-day moving average price is $259.20 and its two-hundred day moving average price is $268.19. Manhattan Associates, Inc. has a 52-week low of $169.94 and a 52-week high of $312.60. The stock has a market capitalization of $11.63 billion, a P/E ratio of 54.25 and a beta of 1.50.

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.