Skandinaviska Enskilda Banken AB publ Has $118.97 Million Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Skandinaviska Enskilda Banken AB publ grew its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 3.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 438,760 shares of the software maker's stock after acquiring an additional 15,851 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 0.72% of Manhattan Associates worth $118,974,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MANH. Erste Asset Management GmbH lifted its position in Manhattan Associates by 24.9% during the fourth quarter. Erste Asset Management GmbH now owns 25,765 shares of the software maker's stock worth $7,049,000 after purchasing an additional 5,140 shares during the period. Jupiter Asset Management Ltd. raised its position in shares of Manhattan Associates by 42.3% in the 4th quarter. Jupiter Asset Management Ltd. now owns 164,559 shares of the software maker's stock valued at $44,470,000 after buying an additional 48,927 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Manhattan Associates by 144.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 308 shares of the software maker's stock worth $83,000 after acquiring an additional 182 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of Manhattan Associates by 294.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,959 shares of the software maker's stock worth $800,000 after acquiring an additional 2,209 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in Manhattan Associates by 3.1% in the fourth quarter. HighTower Advisors LLC now owns 5,156 shares of the software maker's stock valued at $1,393,000 after acquiring an additional 154 shares during the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

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Insider Activity at Manhattan Associates

In other news, CFO Dennis B. Story sold 2,788 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $170.83, for a total value of $476,274.04. Following the transaction, the chief financial officer now owns 101,263 shares in the company, valued at approximately $17,298,758.29. The trade was a 2.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.72% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on MANH shares. StockNews.com cut Manhattan Associates from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Piper Sandler dropped their price objective on Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating for the company in a research report on Friday. Truist Financial decreased their target price on Manhattan Associates from $310.00 to $285.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Loop Capital dropped their target price on shares of Manhattan Associates from $310.00 to $275.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Finally, Citigroup reduced their price target on shares of Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating on the stock in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $252.56.

Manhattan Associates Trading Up 5.5 %

NASDAQ:MANH traded up $9.00 during trading hours on Friday, hitting $172.50. 1,102,585 shares of the company were exchanged, compared to its average volume of 501,679. The stock has a market capitalization of $10.54 billion, a price-to-earnings ratio of 49.15 and a beta of 1.47. Manhattan Associates, Inc. has a one year low of $162.78 and a one year high of $312.60. The company has a fifty day simple moving average of $217.41 and a 200 day simple moving average of $258.16.

About Manhattan Associates

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.