Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 2,200 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 14.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,876 shares of the software maker’s stock after buying 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 SEC filing.

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

Insider Transactions at Manhattan Associates

In other Manhattan Associates news, SVP Bruce Richards sold 4,150 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $289.73, for a total transaction of $1,202,379.50. Following the sale, the senior vice president now directly owns 22,086 shares in the company, valued at $6,398,976.78. This represents a 15.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Citigroup cut their price target on shares of Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Loop Capital reduced their price target on Manhattan Associates from $310.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Raymond James decreased their price objective on shares of Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. DA Davidson lowered their price target on Manhattan Associates from $315.00 to $270.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $268.00 price objective (down previously from $326.00) on shares of Manhattan Associates in a research note on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Manhattan Associates presently has an average rating of “Moderate Buy” and an average price target of $273.33.

Manhattan Associates Stock Performance

Manhattan Associates stock opened at $178.08 on Wednesday. Manhattan Associates, Inc. has a 1 year low of $169.94 and a 1 year high of $312.60. The company’s 50 day simple moving average is $242.86 and its 200-day simple moving average is $265.38. The company has a market capitalization of $10.88 billion, a price-to-earnings ratio of 50.74 and a beta of 1.50.

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.