Mitsubishi UFJ Trust & Banking Corp Sells 60,594 Shares of Flex Ltd. (NASDAQ:FLEX)

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in Flex Ltd. (NASDAQ:FLEXGet Rating) by 42.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,488 shares of the technology company’s stock after selling 60,594 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Flex were worth $1,208,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FLEX. Comerica Bank raised its stake in Flex by 5.3% in the first quarter. Comerica Bank now owns 18,698 shares of the technology company’s stock valued at $329,000 after buying an additional 947 shares during the period. SG Americas Securities LLC grew its position in shares of Flex by 17.7% in the first quarter. SG Americas Securities LLC now owns 11,804 shares of the technology company’s stock valued at $219,000 after purchasing an additional 1,773 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Flex by 16.4% in the first quarter. Envestnet Asset Management Inc. now owns 438,184 shares of the technology company’s stock valued at $8,128,000 after purchasing an additional 61,725 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Flex by 9.2% in the first quarter. Victory Capital Management Inc. now owns 21,382,355 shares of the technology company’s stock valued at $396,643,000 after purchasing an additional 1,800,973 shares during the last quarter. Finally, Stephens Inc. AR grew its position in shares of Flex by 19.1% in the first quarter. Stephens Inc. AR now owns 19,359 shares of the technology company’s stock valued at $359,000 after purchasing an additional 3,103 shares during the last quarter. Institutional investors own 95.01% of the company’s stock.

Insider Buying and Selling

In other Flex news, EVP David Scott Offer sold 120,000 shares of the firm’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $19.19, for a total value of $2,302,800.00. Following the sale, the executive vice president now owns 262,164 shares of the company’s stock, valued at approximately $5,030,927.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Flex news, EVP David Scott Offer sold 120,000 shares of the firm’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $19.19, for a total value of $2,302,800.00. Following the sale, the executive vice president now owns 262,164 shares of the company’s stock, valued at approximately $5,030,927.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael P. Hartung sold 3,744 shares of the firm’s stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $20.03, for a total value of $74,992.32. Following the completion of the sale, the insider now directly owns 139,361 shares in the company, valued at approximately $2,791,400.83. The disclosure for this sale can be found here. Insiders have sold 263,498 shares of company stock valued at $4,890,749 over the last 90 days. 0.54% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FLEX shares. Credit Suisse Group started coverage on Flex in a research report on Tuesday, August 16th. They issued an “outperform” rating and a $24.00 target price on the stock. StockNews.com began coverage on Flex in a research report on Wednesday, October 12th. They issued a “buy” rating on the stock.

Flex Trading Up 3.6 %

Shares of NASDAQ:FLEX opened at $20.23 on Monday. The company has a market capitalization of $9.16 billion, a P/E ratio of 11.63, a P/E/G ratio of 0.89 and a beta of 1.46. Flex Ltd. has a 1 year low of $13.63 and a 1 year high of $20.50. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.29 and a quick ratio of 0.65. The business’s 50 day simple moving average is $18.31 and its 200 day simple moving average is $17.09.

Flex Profile

(Get Rating)

Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The company provides cross-industry technologies, including human-machine interface, internet of things platforms, power, sensor fusion, and smart audio.

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Institutional Ownership by Quarter for Flex (NASDAQ:FLEX)

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