Securian Asset Management Inc. Has $1.25 Million Stock Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Securian Asset Management Inc. decreased its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,617 shares of the software maker’s stock after selling 146 shares during the quarter. Securian Asset Management Inc.’s holdings in Manhattan Associates were worth $1,248,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MANH. State Street Corp grew its holdings in Manhattan Associates by 0.6% in the 3rd quarter. State Street Corp now owns 2,203,139 shares of the software maker’s stock valued at $619,918,000 after buying an additional 12,787 shares in the last quarter. FMR LLC boosted its stake in Manhattan Associates by 7.3% in the third quarter. FMR LLC now owns 1,917,412 shares of the software maker’s stock valued at $539,521,000 after buying an additional 130,817 shares in the last quarter. Geode Capital Management LLC boosted its stake in Manhattan Associates by 5.8% in the third quarter. Geode Capital Management LLC now owns 1,514,941 shares of the software maker’s stock valued at $426,308,000 after buying an additional 82,995 shares in the last quarter. JPMorgan Chase & Co. boosted its stake 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 buying an additional 687,933 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new position in Manhattan Associates in the third quarter valued at about $234,249,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Manhattan Associates Price Performance

Shares of NASDAQ:MANH opened at $172.50 on Friday. Manhattan Associates, Inc. has a 1 year low of $163.10 and a 1 year high of $312.60. The business has a 50 day simple moving average of $217.41 and a two-hundred day simple moving average of $258.16. The firm has a market capitalization of $10.54 billion, a PE ratio of 49.15 and a beta of 1.47.

Insider Buying and Selling

In other news, CFO Dennis B. Story sold 2,788 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 101,263 shares of the company’s stock, valued at approximately $17,298,758.29. This represents a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.72% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on MANH shares. DA Davidson lowered their price objective on Manhattan Associates from $315.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Citigroup reduced their price objective on Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating for the company in a research note on Friday. Loop Capital reduced their price objective on Manhattan Associates from $310.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Truist Financial cut their target price on Manhattan Associates from $310.00 to $285.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, Raymond James dropped their price target on Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $252.56.

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.