DF Dent & Co. Inc. Has $60.18 Million Stock Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

DF Dent & Co. Inc. decreased its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 6.7% in the 4th quarter, HoldingsChannel reports. The fund owned 222,689 shares of the software maker’s stock after selling 15,939 shares during the period. DF Dent & Co. Inc.’s holdings in Manhattan Associates were worth $60,179,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Arete Wealth Advisors LLC raised its stake in shares of Manhattan Associates by 32.9% in the fourth quarter. Arete Wealth Advisors LLC now owns 985 shares of the software maker’s stock valued at $266,000 after purchasing an additional 244 shares in the last quarter. Motley Fool Asset Management LLC increased its holdings in Manhattan Associates by 14.2% in the 4th quarter. Motley Fool Asset Management LLC now owns 1,341 shares of the software maker’s stock valued at $362,000 after buying an additional 167 shares during the period. Kesler Norman & Wride LLC increased its holdings in Manhattan Associates by 35.5% in the 4th quarter. Kesler Norman & Wride LLC now owns 2,792 shares of the software maker’s stock valued at $755,000 after buying an additional 732 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Manhattan Associates by 101.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,673,776 shares of the software maker’s stock valued at $452,321,000 after buying an additional 841,276 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Manhattan Associates by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 1,554,038 shares of the software maker’s stock valued at $420,459,000 after acquiring an additional 39,097 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Up 2.4 %

Shares of NASDAQ MANH opened at $178.89 on Thursday. The company has a market cap of $10.93 billion, a price-to-earnings ratio of 50.97 and a beta of 1.47. Manhattan Associates, Inc. has a 12-month low of $163.10 and a 12-month high of $312.60. The firm’s 50-day simple moving average is $189.95 and its 200 day simple moving average is $249.79.

Insider Transactions at Manhattan Associates

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the stock in a transaction 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 transaction, 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 is accessible through this hyperlink. 0.72% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on MANH. StockNews.com lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Robert W. Baird dropped their target price on Manhattan Associates from $282.00 to $225.00 and set an “outperform” rating for the company in a report on Tuesday, March 18th. Loop Capital decreased their price target on Manhattan Associates from $310.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. William Blair upgraded Manhattan Associates from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 13th. Finally, Raymond James reduced their target price on shares of Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.