denkapparat Operations GmbH Invests $315,000 in Manhattan Associates, Inc. (NASDAQ:MANH)

denkapparat Operations GmbH purchased a new stake in Manhattan Associates, Inc. (NASDAQ:MANH) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,166 shares of the software maker’s stock, valued at approximately $315,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MANH. Vanguard Group Inc. raised its stake in shares of Manhattan Associates by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 6,702,557 shares of the software maker’s stock worth $1,811,299,000 after acquiring an additional 50,538 shares during the last quarter. State Street Corp raised its position in Manhattan Associates by 0.6% in the 3rd quarter. State Street Corp now owns 2,203,139 shares of the software maker’s stock worth $619,918,000 after purchasing an additional 12,787 shares during the last quarter. FMR LLC lifted its holdings in Manhattan Associates by 7.3% during the 3rd quarter. FMR LLC now owns 1,917,412 shares of the software maker’s stock worth $539,521,000 after buying an additional 130,817 shares in the last quarter. Geode Capital Management LLC boosted its position in Manhattan Associates by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,514,941 shares of the software maker’s stock valued at $426,308,000 after buying an additional 82,995 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Manhattan Associates by 213.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,009,913 shares of the software maker’s stock valued at $284,169,000 after buying an additional 687,933 shares during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MANH. DA Davidson raised shares of Manhattan Associates to a “strong-buy” rating in a research note on Monday. Loop Capital decreased their price objective on Manhattan Associates from $310.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Raymond James cut their target price on Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. Truist Financial decreased their target price on Manhattan Associates from $310.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Finally, Piper Sandler cut their price target on shares of Manhattan Associates from $268.00 to $200.00 and set an “overweight” rating on the stock in a research report on Friday, March 14th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $243.78.

Manhattan Associates Stock Down 0.5 %

Manhattan Associates stock opened at $174.82 on Friday. Manhattan Associates, Inc. has a twelve month low of $163.10 and a twelve month high of $312.60. The company has a 50 day moving average of $198.17 and a 200-day moving average of $252.30. The stock has a market capitalization of $10.69 billion, a PE ratio of 49.81 and a beta of 1.47.

Insider Buying and Selling

In other news, CFO Dennis B. Story sold 2,788 shares of the business’s stock in a transaction dated 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 $17,298,758.29. The trade was a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.72% of the company’s stock.

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.