Sheridan beat Bury boss Alan Knill, Northampton manager Ian Sampson and Shrewsbury chief Paul Simpson to the award.
Speaking to Sky Sports upon receiving the award, Sheridan said: "This is down to my players and staff, five wins and one defeat has put us right in contention."
Meanwhile, Bury goalkeeper Wayne Brown landed the League Two Player of the Month award for February, seeing off the challenge of Tommy Lee of Chesterfield, Adebayo Akinfenwa of Northampton and Rotherham's Adam Le Fondre.
Source: Team Talk
Source: Team Talk