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Swedbank AB Has $99.72 Million Stake in Manhattan Associates, Inc. (NASDAQ:MANH)

Manhattan Associates logo with Computer and Technology background

Swedbank AB boosted its holdings in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 1,840.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 369,019 shares of the software maker's stock after acquiring an additional 350,000 shares during the period. Swedbank AB owned about 0.60% of Manhattan Associates worth $99,724,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MANH. Fidelis Capital Partners LLC lifted its position in Manhattan Associates by 3.2% in the 3rd quarter. Fidelis Capital Partners LLC now owns 1,279 shares of the software maker's stock valued at $347,000 after purchasing an additional 40 shares during the last quarter. Ascent Group LLC raised its holdings in shares of Manhattan Associates by 4.8% during the third quarter. Ascent Group LLC now owns 896 shares of the software maker's stock valued at $252,000 after buying an additional 41 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Manhattan Associates by 16.7% during the third quarter. UMB Bank n.a. now owns 301 shares of the software maker's stock worth $85,000 after buying an additional 43 shares during the period. Huntington National Bank grew its holdings in Manhattan Associates by 5.9% in the 3rd quarter. Huntington National Bank now owns 879 shares of the software maker's stock worth $247,000 after buying an additional 49 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in Manhattan Associates by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 1,798 shares of the software maker's stock valued at $506,000 after acquiring an additional 58 shares during the period. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Manhattan Associates

In other Manhattan Associates news, EVP James Stewart Gantt sold 3,475 shares of the firm's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $288.10, for a total transaction of $1,001,147.50. Following the completion of the sale, the executive vice president now directly owns 42,812 shares in the company, valued at approximately $12,334,137.20. This trade represents a 7.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Bruce Richards sold 4,150 shares of the company's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $289.73, for a total value of $1,202,379.50. Following the completion of the transaction, the senior vice president now owns 22,086 shares in the company, valued at $6,398,976.78. This represents a 15.82 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Loop Capital decreased their price target on Manhattan Associates from $310.00 to $275.00 and set a "buy" rating for the company in a research note on Wednesday. StockNews.com lowered shares of Manhattan Associates from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Raymond James dropped their target price on Manhattan Associates from $305.00 to $270.00 and set an "outperform" rating on the stock in a report on Wednesday. DA Davidson decreased their price target on Manhattan Associates from $315.00 to $270.00 and set a "buy" rating for the company in a research note on Wednesday. Finally, Robert W. Baird lifted their price target on Manhattan Associates from $263.00 to $304.00 and gave the company an "outperform" rating in a research report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $273.33.

Check Out Our Latest Stock Analysis on MANH

Manhattan Associates Trading Down 2.6 %

Shares of NASDAQ MANH traded down $5.55 during mid-day trading on Friday, reaching $208.59. The company had a trading volume of 1,299,221 shares, compared to its average volume of 470,741. The company has a 50-day moving average price of $279.60 and a two-hundred day moving average price of $271.88. The stock has a market cap of $12.74 billion, a PE ratio of 59.43 and a beta of 1.52. Manhattan Associates, Inc. has a 1-year low of $205.12 and a 1-year high of $312.60.

About Manhattan Associates

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Manhattan Associates (NASDAQ:MANH)

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