Pictet Asset Management Holding SA Purchases 3,392 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Pictet Asset Management Holding SA grew its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 10.8% during the 4th quarter, Holdings Channel reports. The firm owned 34,910 shares of the software maker’s stock after purchasing an additional 3,392 shares during the period. Pictet Asset Management Holding SA’s holdings in Manhattan Associates were worth $9,434,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Manhattan Associates by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 6,702,557 shares of the software maker’s stock valued at $1,811,299,000 after acquiring an additional 50,538 shares during the last quarter. State Street Corp boosted its position in shares of 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. Geode Capital Management LLC grew its stake in shares of Manhattan Associates by 5.8% during the third quarter. Geode Capital Management LLC now owns 1,514,941 shares of the software maker’s stock worth $426,308,000 after purchasing an additional 82,995 shares during the period. JPMorgan Chase & Co. increased its holdings in Manhattan Associates by 213.7% in the third quarter. JPMorgan Chase & Co. now owns 1,009,913 shares of the software maker’s stock valued at $284,169,000 after purchasing an additional 687,933 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Manhattan Associates by 3.3% in the fourth quarter. American Century Companies Inc. now owns 859,054 shares of the software maker’s stock valued at $232,151,000 after buying an additional 27,774 shares during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

Manhattan Associates Price Performance

MANH opened at $178.89 on Thursday. The company has a market capitalization of $10.93 billion, a price-to-earnings ratio of 50.97 and a beta of 1.47. The business’s 50-day moving average price is $189.95 and its two-hundred day moving average price is $249.79. Manhattan Associates, Inc. has a 1 year low of $163.10 and a 1 year high of $312.60.

Analysts Set New Price Targets

MANH has been the subject of several analyst reports. DA Davidson upgraded Manhattan Associates to a “strong-buy” rating in a research report on Monday, March 24th. William Blair upgraded shares of Manhattan Associates from a “market perform” rating to an “outperform” rating in a report on Thursday, February 13th. StockNews.com lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Robert W. Baird decreased their price target on shares of Manhattan Associates from $282.00 to $225.00 and set an “outperform” rating for the company in a report on Tuesday, March 18th. Finally, Raymond James dropped their price objective 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. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $243.78.

Insider Activity at Manhattan Associates

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $170.83, for a total transaction of $476,274.04. Following the completion of the transaction, the chief financial officer now owns 101,263 shares of the company’s stock, valued at $17,298,758.29. This represents a 2.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.72% of the stock is owned by insiders.

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.