Haven Private LLC Makes New $462,000 Investment in Manhattan Associates, Inc. (NASDAQ:MANH)

Haven Private LLC purchased a new position in Manhattan Associates, Inc. (NASDAQ:MANH) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,710 shares of the software maker’s stock, valued at approximately $462,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in shares of Manhattan Associates in the third quarter worth about $34,000. Whipplewood Advisors LLC bought a new position in Manhattan Associates during the fourth quarter valued at approximately $34,000. Synergy Asset Management LLC bought a new position in Manhattan Associates during the fourth quarter valued at approximately $35,000. Ashton Thomas Securities LLC bought a new position in Manhattan Associates during the third quarter valued at approximately $42,000. Finally, Brooklyn Investment Group bought a new position in Manhattan Associates during the third quarter valued at approximately $58,000. Institutional investors own 98.45% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MANH shares. Truist Financial cut their price objective on shares of Manhattan Associates from $310.00 to $285.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Raymond James dropped their price target on shares of Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. StockNews.com lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Citigroup dropped their price target on shares of Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Finally, William Blair raised shares of Manhattan Associates from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $273.33.

Manhattan Associates Price Performance

MANH opened at $169.06 on Friday. Manhattan Associates, Inc. has a fifty-two week low of $167.79 and a fifty-two week high of $312.60. The firm’s fifty day moving average price is $230.05 and its two-hundred day moving average price is $262.05. The company has a market capitalization of $10.33 billion, a P/E ratio of 48.17 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.