Robeco Institutional Asset Management B.V. Sells 10,731 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Robeco Institutional Asset Management B.V. trimmed its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 150,009 shares of the software maker’s stock after selling 10,731 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.25% of Manhattan Associates worth $40,538,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in shares of Manhattan Associates in the third quarter valued at about $34,000. Ashton Thomas Securities LLC purchased a new position in Manhattan Associates during the 3rd quarter valued at about $42,000. Carolina Wealth Advisors LLC bought a new position in Manhattan Associates during the 3rd quarter valued at approximately $50,000. Brooklyn Investment Group bought a new position in Manhattan Associates during the 3rd quarter valued at approximately $58,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in Manhattan Associates in the 3rd quarter worth approximately $63,000. 98.45% of the stock is currently owned by institutional investors.

Manhattan Associates Trading Down 3.9 %

Shares of NASDAQ:MANH opened at $214.14 on Friday. The stock has a fifty day simple moving average of $281.04 and a two-hundred day simple moving average of $271.55. Manhattan Associates, Inc. has a 12-month low of $205.12 and a 12-month high of $312.60. The stock has a market capitalization of $13.08 billion, a price-to-earnings ratio of 60.84 and a beta of 1.52.

Insider Activity

In related news, SVP Bruce Richards sold 4,150 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $289.73, for a total value of $1,202,379.50. Following the completion of the transaction, the senior vice president now directly owns 22,086 shares in the company, valued at $6,398,976.78. The trade was a 15.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James Stewart Gantt sold 3,475 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $288.10, for a total value of $1,001,147.50. Following the sale, the executive vice president now owns 42,812 shares in the company, valued at approximately $12,334,137.20. This represents a 7.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MANH. Truist Financial decreased their target price on Manhattan Associates from $310.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday. Citigroup dropped their target price on shares of Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating for the company in a research report on Monday. Raymond James reduced their price target on shares of Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating on the stock in a research report on Wednesday. Robert W. Baird raised their price objective on shares of Manhattan Associates from $263.00 to $304.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Finally, StockNews.com downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.