6,649 Shares in Manhattan Associates, Inc. (NASDAQ:MANH) Purchased by Caisse Des Depots ET Consignations

Caisse Des Depots ET Consignations bought a new stake in Manhattan Associates, Inc. (NASDAQ:MANH) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,649 shares of the software maker’s stock, valued at approximately $1,797,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MANH. Quest Partners LLC lifted its stake in Manhattan Associates by 74,900.0% in the third quarter. Quest Partners LLC now owns 750 shares of the software maker’s stock valued at $211,000 after purchasing an additional 749 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Manhattan Associates by 50.3% in the third quarter. PNC Financial Services Group Inc. now owns 4,751 shares of the software maker’s stock valued at $1,337,000 after buying an additional 1,591 shares during the period. Cerity Partners LLC lifted its position in shares of Manhattan Associates by 45.8% during the 3rd quarter. Cerity Partners LLC now owns 19,622 shares of the software maker’s stock valued at $5,521,000 after buying an additional 6,162 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Manhattan Associates by 30.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 5,604 shares of the software maker’s stock worth $1,577,000 after acquiring an additional 1,304 shares during the period. Finally, FMR LLC increased its holdings in Manhattan Associates by 7.3% in the 3rd quarter. FMR LLC now owns 1,917,412 shares of the software maker’s stock worth $539,521,000 after acquiring an additional 130,817 shares during the last quarter. 98.45% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Dennis B. Story sold 2,788 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $170.83, for a total transaction of $476,274.04. Following the transaction, the chief financial officer now directly owns 101,263 shares of the company’s stock, 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 SEC, which is accessible through this link. 0.72% of the stock is owned by company insiders.

Manhattan Associates Stock Performance

NASDAQ:MANH opened at $174.82 on Friday. The stock has a fifty day moving average of $198.17 and a 200 day moving average of $252.30. Manhattan Associates, Inc. has a 52-week low of $163.10 and a 52-week high of $312.60. The firm has a market capitalization of $10.69 billion, a price-to-earnings ratio of 49.81 and a beta of 1.47.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Robert W. Baird dropped their price objective on shares of Manhattan Associates from $282.00 to $225.00 and set an “outperform” rating on the stock in a report on Tuesday, March 18th. Loop Capital dropped their price target 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. Piper Sandler reduced their price objective on shares of Manhattan Associates from $268.00 to $200.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. DA Davidson upgraded Manhattan Associates to a “strong-buy” rating in a research report on Monday. Finally, Citigroup cut their price target on Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Manhattan Associates presently has an average rating of “Moderate Buy” and an average price target 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.