Danske Bank A S Has $6.87 Million Position in Flex Ltd. $FLEX

Key Points

• Danske Bank A/S increased its stake in Flex by 297.2% in Q4, buying 85,076 shares to hold 113,700 shares worth about $6.87 million at the end of the period.
• Institutional ownership is very high at 94.30%, with major funds ramping up positions—Vanguard grew its stake 196.1% to 38.75 million shares (≈$2.34 billion) and State Street also materially increased holdings.
• Flex beat Q4 estimates (EPS $0.87 vs. $0.79; revenue $7.06B vs. $6.84B), provided FY26 guidance of ~3.21–3.27 EPS, and carries a consensus analyst rating of "Moderate Buy" with a $72.30 price target while trading near its 12‑month high.

Danske Bank A S increased its position in Flex Ltd. (NASDAQ:FLEX - Free Report) by 297.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 113,700 shares of the technology company's stock after buying an additional 85,076 shares during the period. Danske Bank A S's holdings in Flex were worth $6,870,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Flex by 196.1% during the fourth quarter. Vanguard Group Inc. now owns 38,746,330 shares of the technology company's stock valued at $2,341,053,000 after purchasing an additional 25,662,586 shares during the last quarter. State Street Corp grew its holdings in Flex by 38.0% during the second quarter. State Street Corp now owns 12,259,554 shares of the technology company's stock valued at $611,997,000 after purchasing an additional 3,377,669 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in Flex by 118.1% during the third quarter. Qube Research & Technologies Ltd now owns 2,811,248 shares of the technology company's stock valued at $162,968,000 after purchasing an additional 1,522,308 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Flex by 80.9% during the third quarter. JPMorgan Chase & Co. now owns 2,645,745 shares of the technology company's stock valued at $153,374,000 after purchasing an additional 1,183,464 shares during the last quarter. Finally, Junto Capital Management LP acquired a new position in Flex during the third quarter valued at approximately $56,270,000. Institutional investors and hedge funds own 94.30% of the company's stock.

Insiders Place Their Bets

In other Flex news, COO Kwang Hooi Tan sold 17,500 shares of Flex stock in a transaction on Monday, March 9th. The shares were sold at an average price of $58.87, for a total transaction of $1,030,225.00. Following the sale, the chief operating officer owned 233,636 shares in the company, valued at $13,754,151.32. The trade was a 6.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is owned by corporate insiders.

Flex Trading Up 0.2%

Flex stock opened at $91.84 on Tuesday. The business has a 50 day moving average price of $71.04 and a two-hundred day moving average price of $65.79. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 0.73. The stock has a market cap of $33.77 billion, a price-to-earnings ratio of 41.18, a price-to-earnings-growth ratio of 1.97 and a beta of 1.46. Flex Ltd. has a 12 month low of $34.94 and a 12 month high of $93.53.

Flex (NASDAQ:FLEX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.08. The company had revenue of $7.06 billion for the quarter, compared to analyst estimates of $6.84 billion. Flex had a return on equity of 20.99% and a net margin of 3.17%.Flex's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.77 EPS. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. As a group, equities analysts forecast that Flex Ltd. will post 2.93 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on FLEX. Robert W. Baird began coverage on Flex in a report on Thursday, March 12th. They set an "outperform" rating and a $70.00 price target on the stock. Stifel Nicolaus increased their price target on Flex from $75.00 to $95.00 and gave the company a "buy" rating in a report on Monday, April 20th. Barclays increased their price target on Flex from $71.00 to $72.00 and gave the company an "overweight" rating in a report on Thursday, February 5th. JPMorgan Chase & Co. raised their price objective on shares of Flex from $75.00 to $84.00 and gave the stock an "overweight" rating in a research note on Thursday, April 16th. Finally, Raymond James Financial set a $80.00 target price on shares of Flex and gave the company an "outperform" rating in a research note on Wednesday, February 4th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $72.30.

About Flex

Flex NASDAQ: FLEX, formerly known as Flextronics, is a global provider of electronics manufacturing services (EMS) and original design manufacturing (ODM). The company offers end-to-end product lifecycle solutions including product design and engineering, prototyping, volume manufacturing, testing, and aftermarket services. Its offerings extend into supply chain management, component sourcing, logistics and distribution, and advanced manufacturing capabilities such as automation and digital manufacturing to support customers from concept through end-of-life.

Flex serves a broad range of industries, including automotive, healthcare, industrial, communications, and consumer electronics, working with original equipment manufacturers (OEMs) and technology companies to accelerate time to market and manage complex supply chains.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.