FMR discloses 5.1% Manhattan Associates (NASDAQ: MANH) ownership stake
Rhea-AI Filing Summary
FMR LLC has filed a Schedule 13G reporting beneficial ownership of 3,059,099.79 shares of Manhattan Associates, Inc. common stock, representing 5.1% of the class as of the event date. FMR reports sole voting power over 3,040,252.41 shares and sole dispositive power over 3,059,099.79 shares.
Abigail P. Johnson is also listed as a reporting person, with sole dispositive power over the same 3,059,099.79 shares. The securities are stated to be held in the ordinary course of business and not for the purpose of changing or influencing control of Manhattan Associates.
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FAQ
What stake in Manhattan Associates (MANH) does FMR LLC report?
FMR LLC reports beneficial ownership of 3,059,099.79 shares of Manhattan Associates common stock, representing 5.1% of the outstanding class. This reflects a sizable institutional position disclosed on a Schedule 13G, indicating passive investment intent rather than an activist or control-seeking position.
Who are the reporting persons on the Manhattan Associates MANH Schedule 13G?
The Schedule 13G lists FMR LLC and Abigail P. Johnson as reporting persons for Manhattan Associates common stock. FMR LLC is organized in Delaware, while Abigail P. Johnson is a United States citizen. Both report beneficial ownership tied to the same 3,059,099.79 shares of common stock.
What percentage of Manhattan Associates’ common stock is owned according to this filing?
The filing states that 3,059,099.79 shares of Manhattan Associates common stock are beneficially owned, representing 5.1% of the class. Crossing the 5% threshold triggers the requirement to file a Schedule 13G, signaling a significant but generally passive ownership stake.
What is Abigail P. Johnson’s role in the Manhattan Associates ownership disclosure?
Abigail P. Johnson is a separate reporting person and reports sole dispositive power over 3,059,099.79 Manhattan Associates shares, with no voting power. Her inclusion reflects control or oversight relationships associated with FMR, while maintaining the passive, non-control-seeking certification in the Schedule 13G.
Is the FMR LLC position in Manhattan Associates considered passive or activist?
The Schedule 13G certification states the securities were acquired and are held in the ordinary course of business, not to change or influence control of Manhattan Associates. This language characterizes the position as passive, consistent with institutional investment rather than activist involvement.