Jana Partners Increases Stake in Northrop Grumman (NOC); Aqr Capital Management Raised Its Manhattan Assocs (MANH) Holding by $1.72 Million

June 21, 2018 - By David Stenberg

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Cliff Asness increased its stake in Manhattan Assocs Inc (MANH) by 5.56% based on its latest 2018Q1 regulatory filing with the SEC. Aqr Capital Management Llc bought 42,042 shares as the company’s stock rose 0.71% while stock markets declined. The hedge fund run by Cliff Asness held 797,566 shares of the technology company at the end of 2018Q1, valued at $33.40 million, up from 755,524 at the end of the previous reported quarter. Aqr Capital Management Llc who had been investing in Manhattan Assocs Inc for a number of months, seems to be bullish on the $3.34 billion market cap company. The stock decreased 0.06% or $0.03 during the last trading session, reaching $49.93. About 247,861 shares traded. Manhattan Associates, Inc. (NASDAQ:MANH) has declined 10.16% since June 21, 2017 and is downtrending. It has underperformed by 22.73% the S&P500. Some Historical MANH News: 04/05/2018 – Mercury Home Textile Sews Up Deal with Manhattan Associates to Enable Omnichannel Transformation; 24/04/2018 – MANHATTAN ASSOCIATES SEES FY ADJ EPS $1.48 TO $1.52, EST. $1.50; 22/05/2018 – Manhattan Associates Redefines Warehouse Management for a Connected Commerce World; 24/04/2018 – Manhattan Associates Sees 2018 EPS $1.23-EPS $1.27; 25/04/2018 – Manhattan Updates its Visionary TMS Solution to Address the Transportation lndustry’s Biggest Challenges; 24/04/2018 – Manhattan Associates Reports First Quarter 2018 Performance; 24/04/2018 – Manhattan Associates Maintains 2018 Full-Yr Guidance; 24/04/2018 – MANHATTAN ASSOCIATES INC MANH.O FY2018 SHR VIEW $1.50, REV VIEW $550.5 MLN — THOMSON REUTERS l/B/E/S; 24/04/2018 – Manhattan Associates 1Q EPS 33c; 24/04/2018 – MANHATTAN ASSOCIATES INC – MAINTAINING 2018 FULL-YEAR GUIDANCE

Barry Rosenstein increased its stake in Northrop Grumman Corp (NOC) by 17.91% based on its latest 2018Q1 regulatory filing with the SEC. Jana Partners Llc bought 49,463 shares as the company’s stock declined 6.52% with the market. The hedge fund run by Barry Rosenstein held 325,567 shares of the industrial machinery and components company at the end of 2018Q1, valued at $113.66M, up from 276,104 at the end of the previous reported quarter. Jana Partners Llc who had been investing in Northrop Grumman Corp for a number of months, seems to be bullish on the $54.51 billion market cap company. The stock increased 0.17% or $0.515 during the last trading session, reaching $312.595. About 513,430 shares traded. Northrop Grumman Corporation (NYSE:NOC) has risen 29.40% since June 21, 2017 and is uptrending. It has outperformed by 16.83% the S&P500. Some Historical NOC News: 08/04/2018 – Investigators From Northrop Grumman and U.S. Government Wrapping Up Probes; 25/04/2018 – Northrop Grumman Raises 2018 View To EPS $15.40-EPS $15.65; 17/05/2018 – S&P ASSIGNS NORTHROP GRUMMAN ‘A-2’ SHORT-TERM RATING; 23/05/2018 – Northrop Grumman to Participate in Bernstein’s 34th Annual Strategic Decisions Conference; 25/04/2018 – Northrop Grumman Beats Profit And Sales Expectations, Raises Outlook — MarketWatch; 25/04/2018 – NORTHROP GRUMMAN CORP NOC.N FY2018 SHR VIEW $15.45 — THOMSON REUTERS l/B/E/S; 30/03/2018 – Northrop Grumman Revises Satellite Procedures After Telescope Delay; 05/04/2018 – U.S. STATE DEPARTMENT HAS APPROVED POSSIBLE $2.5 BLN SALE OF TRITON UNMANNED AIRCRAFT SYSTEMS TO GERMANY -PENTAGON; 25/04/2018 – Northrop Grumman 1Q Net $739M; 28/03/2018 – NORTHROP GRUMMAN CORP.: POLAND IN PACT TO BUY NORTHROP

Investors sentiment increased to 1.26 in 2018 Q1. Its up 0.20, from 1.06 in 2017Q4. It increased, as 14 investors sold MANH shares while 80 reduced holdings. 34 funds opened positions while 84 raised stakes. 71.38 million shares or 0.77% more from 70.83 million shares in 2017Q4 were reported. State Of Wisconsin Invest Board holds 13,554 shares. Alliancebernstein Limited Partnership accumulated 0% or 43,047 shares. Jacobs Levy Equity Mgmt invested in 0.01% or 10,900 shares. Mackay Shields Ltd Liability Corp invested in 116,922 shares. 5,454 are owned by Whittier Trust. Envestnet Asset Mgmt Incorporated holds 37,853 shares. Stoneridge Investment Prtnrs Limited Liability Com owns 10,550 shares. California-based Shelton Mgmt has invested 0.01% in Manhattan Associates, Inc. (NASDAQ:MANH). Neuberger Berman Grp Incorporated Ltd Com reported 0.23% stake. Cornerstone Advisors Incorporated reported 0% stake. Tower Ltd (Trc) reported 0.03% in Manhattan Associates, Inc. (NASDAQ:MANH). Invesco Limited has 0% invested in Manhattan Associates, Inc. (NASDAQ:MANH). Chicago Equity Partners Ltd, a Illinois-based fund reported 33,395 shares. Moreover, Pnc Fincl Service Grp has 0% invested in Manhattan Associates, Inc. (NASDAQ:MANH) for 13,064 shares. Maryland-based Price T Rowe Associates Md has invested 0% in Manhattan Associates, Inc. (NASDAQ:MANH).

Among 7 analysts covering Manhattan Assoc (NASDAQ:MANH), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Manhattan Assoc had 15 analyst reports since July 22, 2015 according to SRatingsIntel. SunTrust maintained Manhattan Associates, Inc. (NASDAQ:MANH) rating on Wednesday, November 15. SunTrust has “Buy” rating and $55.0 target. Brean Capital initiated the stock with “Buy” rating in Tuesday, January 12 report. Benchmark maintained Manhattan Associates, Inc. (NASDAQ:MANH) rating on Wednesday, July 22. Benchmark has “Buy” rating and $67 target. The company was maintained on Wednesday, October 21 by Benchmark. On Wednesday, February 1 the stock rating was maintained by Benchmark with “Buy”. The rating was maintained by KeyBanc Capital Markets on Wednesday, August 23 with “Hold”. As per Tuesday, October 3, the company rating was upgraded by SunTrust. The firm earned “Outperform” rating on Tuesday, September 29 by William Blair. Lake Street initiated the stock with “Buy” rating in Monday, October 19 report. The company was downgraded on Monday, January 9 by Raymond James.

Aqr Capital Management Llc, which manages about $92.73B US Long portfolio, decreased its stake in Discovery Communicatns New (NASDAQ:DISCA) by 908,090 shares to 65,739 shares, valued at $1.41 million in 2018Q1, according to the filing. It also reduced its holding in Southern Copper Corp (NYSE:SCCO) by 35,384 shares in the quarter, leaving it with 398,566 shares, and cut its stake in Ii Vi Inc (NASDAQ:IIVI).

More recent Manhattan Associates, Inc. (NASDAQ:MANH) news were published by: Gurufocus.com which released: “My Winners and Losers of First-Half 2018” on June 20, 2018. Also Benzinga.com published the news titled: “Benzinga’s Top Upgrades, Downgrades For June 15, 2018” on June 15, 2018. Nasdaq.com‘s news article titled: “Manhattan Associates Names Ahold Delhaize USA TMS Innovator of the Year” with publication date: May 31, 2018 was also an interesting one.

Since March 13, 2018, it had 0 insider purchases, and 3 insider sales for $1.12 million activity. On Friday, May 4 the insider STORY DENNIS B sold $702,108. Another trade for 3,592 shares valued at $163,495 was made by HUNTZ JOHN J JR on Tuesday, March 13.

Since February 13, 2018, it had 0 insider buys, and 9 selling transactions for $6.82 million activity. Another trade for 3,721 shares valued at $1.31 million was sold by Peppard Denise M.. Shares for $1.03M were sold by Hardesty Michael A.

More notable recent Northrop Grumman Corporation (NYSE:NOC) news were published by: Investorplace.com which released: “3 Reasons to Buy Lockheed Martin Stock on Weakness” on June 21, 2018, also Seekingalpha.com with their article: “Northrop Grumman: Combined Business Well-Positioned To Grow” published on June 13, 2018, Globenewswire.com published: “Northrop Grumman to Redeem Orbital ATK Debt” on June 11, 2018. More interesting news about Northrop Grumman Corporation (NYSE:NOC) were released by: Finance.Yahoo.com and their article: “North Korea to Denuclearize: Are These 4 Defense Stocks in Trouble?” published on June 13, 2018 as well as Fool.com‘s news article titled: “Virgin Galactic Gets Closer to Offering Space Tours” with publication date: June 17, 2018.

Among 20 analysts covering Northrop Grumman (NYSE:NOC), 13 have Buy rating, 0 Sell and 7 Hold. Therefore 65% are positive. Northrop Grumman had 66 analyst reports since July 30, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, May 8 by Goldman Sachs. The stock has “Neutral” rating by Citigroup on Wednesday, March 1. The stock of Northrop Grumman Corporation (NYSE:NOC) has “Buy” rating given on Monday, March 12 by Citigroup. Argus Research maintained Northrop Grumman Corporation (NYSE:NOC) on Thursday, August 6 with “Buy” rating. The stock of Northrop Grumman Corporation (NYSE:NOC) earned “Hold” rating by Jefferies on Thursday, January 12. The stock of Northrop Grumman Corporation (NYSE:NOC) has “Buy” rating given on Friday, October 27 by Bank of America. RBC Capital Markets maintained it with “Buy” rating and $294.0 target in Monday, August 28 report. The rating was maintained by Jefferies on Thursday, January 25 with “Hold”. Barclays Capital maintained Northrop Grumman Corporation (NYSE:NOC) on Tuesday, February 16 with “Equal-Weight” rating. The company was maintained on Wednesday, November 15 by RBC Capital Markets.

Investors sentiment decreased to 0.88 in 2018 Q1. Its down 0.10, from 0.98 in 2017Q4. It dropped, as 57 investors sold NOC shares while 306 reduced holdings. 89 funds opened positions while 232 raised stakes. 137.81 million shares or 0.54% more from 137.07 million shares in 2017Q4 were reported. National Bank Of Montreal Can holds 314,620 shares or 0.1% of its portfolio. First Midwest Comml Bank Trust Division reported 4,032 shares or 0.19% of all its holdings. Regentatlantic Cap Ltd Com has 50,763 shares for 1.48% of their portfolio. Wells Fargo And Company Mn accumulated 1.04 million shares. 2,314 are owned by Davenport & Communication Ltd Llc. Alkeon Cap Mgmt Ltd Limited Liability Company reported 0.66% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). Commercial Bank Of New York Mellon has invested 0.14% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). Covington Cap owns 851 shares for 0.02% of their portfolio. Amica Mutual Insurance invested in 5,841 shares. The California-based Bailard has invested 0.18% in Northrop Grumman Corporation (NYSE:NOC). Highland Limited Liability holds 0.07% or 2,541 shares in its portfolio. 22,119 were reported by Janney Montgomery Scott Lc. Ing Groep Nv reported 17,786 shares. Brown Advisory Secs Llc invested in 0.04% or 625 shares. Shine Advisory Svcs Incorporated owns 1,100 shares.

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