240,800 Shares in Flex Ltd. (NASDAQ:FLEX) Acquired by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec purchased a new position in Flex Ltd. (NASDAQ:FLEX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 240,800 shares of the technology company's stock, valued at approximately $9,244,000. Caisse DE Depot ET Placement DU Quebec owned approximately 0.06% of Flex as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Evergreen Capital Management LLC grew its stake in Flex by 1.0% in the 4th quarter. Evergreen Capital Management LLC now owns 24,098 shares of the technology company's stock valued at $925,000 after buying an additional 246 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in Flex by 2.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 12,709 shares of the technology company's stock valued at $488,000 after buying an additional 266 shares in the last quarter. Sage Rhino Capital LLC grew its position in Flex by 1.1% during the 4th quarter. Sage Rhino Capital LLC now owns 35,378 shares of the technology company's stock worth $1,358,000 after acquiring an additional 374 shares during the last quarter. Arizona State Retirement System boosted its position in Flex by 0.4% during the 4th quarter. Arizona State Retirement System now owns 115,236 shares of the technology company's stock worth $4,424,000 after buying an additional 403 shares during the period. Finally, Quadrant Capital Group LLC raised its position in Flex by 11.2% during the 4th quarter. Quadrant Capital Group LLC now owns 4,432 shares of the technology company's stock worth $170,000 after purchasing an additional 447 shares during the last quarter. 94.30% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP David Scott Offer sold 87,093 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $36.43, for a total value of $3,172,797.99. Following the completion of the sale, the executive vice president now owns 71,001 shares of the company's stock, valued at $2,586,566.43. This represents a 55.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lay Koon Tan sold 50,000 shares of Flex stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $43.25, for a total value of $2,162,500.00. Following the completion of the transaction, the director now owns 202,850 shares of the company's stock, valued at $8,773,262.50. This trade represents a 19.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 201,900 shares of company stock valued at $8,179,677. 0.82% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

FLEX has been the topic of several recent research reports. Stifel Nicolaus assumed coverage on Flex in a report on Tuesday, February 11th. They issued a "buy" rating and a $52.00 price target on the stock. The Goldman Sachs Group cut their price objective on shares of Flex from $53.00 to $41.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Barclays increased their target price on shares of Flex from $43.00 to $49.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. StockNews.com raised Flex from a "hold" rating to a "buy" rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. dropped their price objective on Flex from $52.00 to $40.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $43.67.

Flex Price Performance

Shares of FLEX stock traded up $1.18 on Wednesday, reaching $37.95. 8,515,433 shares of the company were exchanged, compared to its average volume of 3,921,449. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.83 and a current ratio of 1.41. The business has a 50-day moving average price of $33.43 and a 200 day moving average price of $37.40. The company has a market cap of $14.54 billion, a price-to-earnings ratio of 15.30, a P/E/G ratio of 2.43 and a beta of 0.96. Flex Ltd. has a 1 year low of $25.11 and a 1 year high of $45.10.

Flex Company Profile

Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.