Manhattan Associates, Inc. (NASDAQ:MANH) Shares Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ boosted its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 438,760 shares of the software maker’s stock after acquiring an additional 15,851 shares during the period. Skandinaviska Enskilda Banken AB publ owned 0.72% of Manhattan Associates worth $118,974,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA acquired a new position in shares of Manhattan Associates in the 3rd quarter worth approximately $234,249,000. JPMorgan Chase & Co. lifted its stake in Manhattan Associates by 213.7% during the third quarter. JPMorgan Chase & Co. now owns 1,009,913 shares of the software maker’s stock worth $284,169,000 after purchasing an additional 687,933 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Manhattan Associates by 275.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 486,750 shares of the software maker’s stock worth $131,539,000 after purchasing an additional 357,172 shares during the period. Swedbank AB increased its stake in Manhattan Associates by 1,840.3% during the fourth quarter. Swedbank AB now owns 369,019 shares of the software maker’s stock valued at $99,724,000 after purchasing an additional 350,000 shares during the last quarter. Finally, AustralianSuper Pty Ltd raised its holdings in shares of Manhattan Associates by 968.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 232,719 shares of the software maker’s stock worth $62,890,000 after purchasing an additional 210,929 shares during the period. 98.45% of the stock is currently owned by institutional investors.

Insider Transactions at Manhattan Associates

In other news, CFO Dennis B. Story sold 2,788 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $170.83, for a total value of $476,274.04. Following the completion of the sale, the chief financial officer now owns 101,263 shares in the company, valued at $17,298,758.29. This represents a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.72% of the company’s stock.

Manhattan Associates Stock Down 0.5 %

MANH stock opened at $166.66 on Thursday. The company has a 50-day simple moving average of $219.52 and a 200 day simple moving average of $258.82. The company has a market capitalization of $10.19 billion, a P/E ratio of 47.48 and a beta of 1.47. Manhattan Associates, Inc. has a fifty-two week low of $164.48 and a fifty-two week high of $312.60.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. DA Davidson decreased their price target on shares of Manhattan Associates from $315.00 to $270.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Loop Capital lowered their target price on Manhattan Associates from $310.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Citigroup cut their price target on Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Piper Sandler reaffirmed an “overweight” rating and issued a $268.00 target price (down from $326.00) on shares of Manhattan Associates in a research report on Wednesday, January 29th. Finally, William Blair upgraded Manhattan Associates from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus 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.