Manhattan Associates, Inc. (NASDAQ:MANH) Shares Bought by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 14.0% during the 4th quarter, HoldingsChannel reports. The firm owned 17,876 shares of the software maker’s stock after purchasing an additional 2,200 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Manhattan Associates were worth $4,831,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Capital Performance Advisors LLP acquired a new position in Manhattan Associates during the third quarter worth $34,000. Synergy Asset Management LLC purchased a new position in Manhattan Associates during the 4th quarter valued at about $35,000. Ashton Thomas Securities LLC acquired a new position in Manhattan Associates during the third quarter worth about $42,000. Brooklyn Investment Group purchased a new stake in Manhattan Associates in the 3rd quarter valued at approximately $58,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of Manhattan Associates in the fourth quarter valued at $72,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. William Blair raised shares of Manhattan Associates from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 13th. Citigroup reduced their price objective on Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Raymond James decreased their price target on shares of Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. Loop Capital lowered their price objective on shares of Manhattan Associates from $310.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Finally, DA Davidson lowered their target price on Manhattan Associates from $315.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $273.33.

Manhattan Associates Price Performance

Manhattan Associates stock opened at $178.08 on Wednesday. The company has a market cap of $10.88 billion, a PE ratio of 50.74 and a beta of 1.50. Manhattan Associates, Inc. has a 12 month low of $169.94 and a 12 month high of $312.60. The company has a fifty day moving average price of $242.86 and a two-hundred day moving average price of $265.38.

Insider Activity at Manhattan Associates

In related news, SVP Bruce Richards sold 4,150 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $289.73, for a total value of $1,202,379.50. Following the sale, the senior vice president now owns 22,086 shares of the company’s stock, valued at approximately $6,398,976.78. This trade represents a 15.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.72% of the company’s stock.

Manhattan Associates Company 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.