Natixis Advisors L.P. raised its position in Manhattan Associates, Inc. (NASDAQ:MANH – Get Rating) by 13.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,527 shares of the software maker's stock after purchasing an additional 2,924 shares during the quarter. Natixis Advisors L.P.'s holdings in Manhattan Associates were worth $3,402,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Invesco Ltd. boosted its stake in shares of Manhattan Associates by 16.3% during the 4th quarter. Invesco Ltd. now owns 3,436,974 shares of the software maker's stock worth $534,415,000 after acquiring an additional 481,951 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Manhattan Associates by 26.7% during the 4th quarter. Acadian Asset Management LLC now owns 656,049 shares of the software maker's stock worth $101,985,000 after acquiring an additional 138,276 shares in the last quarter. GW&K Investment Management LLC boosted its stake in shares of Manhattan Associates by 24.9% during the 1st quarter. GW&K Investment Management LLC now owns 660,083 shares of the software maker's stock worth $91,560,000 after acquiring an additional 131,720 shares in the last quarter. TD Asset Management Inc. boosted its stake in shares of Manhattan Associates by 1,204.4% during the 4th quarter. TD Asset Management Inc. now owns 124,804 shares of the software maker's stock worth $19,406,000 after acquiring an additional 115,236 shares in the last quarter. Finally, Epoch Investment Partners Inc. bought a new stake in shares of Manhattan Associates during the 4th quarter worth about $16,674,000. Hedge funds and other institutional investors own 97.35% of the company's stock.

Insider Buying and Selling at Manhattan Associates

In other Manhattan Associates news, VP Bruce Richards sold 2,160 shares of the company's stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $148.30, for a total value of $320,328.00. Following the completion of the transaction, the vice president now owns 14,257 shares of the company's stock, valued at approximately $2,114,313.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Manhattan Associates news, VP Bruce Richards sold 2,160 shares of the company's stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $148.30, for a total value of $320,328.00. Following the completion of the transaction, the vice president now owns 14,257 shares of the company's stock, valued at approximately $2,114,313.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Linda T. Hollembaek sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $140.00, for a total value of $140,000.00. Following the completion of the transaction, the director now directly owns 9,944 shares of the company's stock, valued at $1,392,160. The disclosure for this sale can be found here. Insiders sold a total of 18,160 shares of company stock valued at $2,576,378 in the last quarter. Corporate insiders own 0.78% of the company's stock.

Manhattan Associates Stock Up 0.1 %

Manhattan Associates (NASDAQ:MANH – Get Rating) last announced its earnings results on Tuesday, July 26th. The software maker reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.16. Manhattan Associates had a return on equity of 51.87% and a net margin of 16.67%. During the same quarter in the prior year, the business posted $0.48 earnings per share. Analysts anticipate that Manhattan Associates, Inc. will post 1.61 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MANH. StockNews.com downgraded Manhattan Associates from a "buy" rating to a "hold" rating in a research note on Thursday, July 28th. Rosenblatt Securities decreased their target price on Manhattan Associates from $165.00 to $150.00 and set a "buy" rating for the company in a research note on Friday, July 22nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Manhattan Associates presently has an average rating of "Moderate Buy" and a consensus price target of $178.75.

About Manhattan Associates

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Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Manhattan SCALE, a portfolio of logistics execution solutions that provide trading partner management, yard management, optimization, warehouse management, and transportation execution services; and Manhattan Active, a set of enterprise and store omni-channel solutions.

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