Manhattan Associates, Inc. (NASDAQ:MANH) Shares Bought by Cavalier Investments LLC

Cavalier Investments LLC raised its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,367 shares of the software maker’s stock after acquiring an additional 96 shares during the quarter. Cavalier Investments LLC’s holdings in Manhattan Associates were worth $640,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MANH. Massachusetts Financial Services Co. MA acquired a new stake in shares of Manhattan Associates in the third quarter worth approximately $234,249,000. JPMorgan Chase & Co. boosted its stake in shares of Manhattan Associates by 213.7% in the third quarter. JPMorgan Chase & Co. now owns 1,009,913 shares of the software maker’s stock worth $284,169,000 after acquiring an additional 687,933 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Manhattan Associates by 275.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 486,750 shares of the software maker’s stock worth $131,539,000 after acquiring an additional 357,172 shares during the last quarter. Swedbank AB boosted its stake in shares of Manhattan Associates by 1,840.3% in the fourth quarter. Swedbank AB now owns 369,019 shares of the software maker’s stock worth $99,724,000 after acquiring an additional 350,000 shares during the last quarter. Finally, AustralianSuper Pty Ltd boosted its stake in shares of Manhattan Associates by 968.0% in the fourth quarter. AustralianSuper Pty Ltd now owns 232,719 shares of the software maker’s stock worth $62,890,000 after acquiring an additional 210,929 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Up 0.6 %

NASDAQ:MANH opened at $178.08 on Wednesday. Manhattan Associates, Inc. has a 52 week low of $169.94 and a 52 week high of $312.60. The company has a market capitalization of $10.88 billion, a P/E ratio of 50.74 and a beta of 1.50. The stock’s fifty day moving average is $242.86 and its two-hundred day moving average is $265.38.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Manhattan Associates

In related news, SVP Bruce Richards sold 4,150 shares of the business’s stock in a transaction on Friday, November 29th. The stock was 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. The trade was a 15.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.