New York State Teachers Retirement System Sells 4,752 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

New York State Teachers Retirement System trimmed its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,001 shares of the software maker’s stock after selling 4,752 shares during the quarter. New York State Teachers Retirement System’s holdings in Manhattan Associates were worth $18,647,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insiders Place Their Bets

In related news, EVP James Stewart Gantt sold 3,475 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 42,812 shares in the company, valued at $12,334,137.20. This trade represents a 7.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Bruce Richards sold 4,150 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $289.73, for a total transaction 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. The trade was a 15.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

Manhattan Associates Stock Performance

MANH opened at $190.41 on Monday. The firm’s fifty day moving average is $259.20 and its two-hundred day moving average is $268.38. The firm has a market cap of $11.63 billion, a PE ratio of 54.25 and a beta of 1.50. Manhattan Associates, Inc. has a twelve month low of $169.94 and a twelve month high of $312.60.

Analyst Upgrades and Downgrades

MANH has been the topic of several research analyst reports. William Blair raised shares of Manhattan Associates from a “market perform” rating to an “outperform” rating in a research note on Thursday. Loop Capital cut their price objective on shares of Manhattan Associates from $310.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. StockNews.com lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Citigroup cut their price objective on shares of Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Finally, Piper Sandler restated an “overweight” rating and issued a $268.00 price objective (down from $326.00) on shares of Manhattan Associates in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $273.33.

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.