Westfield Capital Management Co. LP Sells 14,986 Shares of Flex Ltd. (NASDAQ:FLEX)

Westfield Capital Management Co. LP trimmed its holdings in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) by 0.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,917,179 shares of the technology company's stock after selling 14,986 shares during the period. Westfield Capital Management Co. LP owned 0.75% of Flex worth $97,521,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of FLEX. First Horizon Advisors Inc. grew its position in shares of Flex by 23.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,596 shares of the technology company's stock worth $53,000 after buying an additional 305 shares during the period. Raymond James Trust N.A. increased its stake in Flex by 1.8% in the second quarter. Raymond James Trust N.A. now owns 20,307 shares of the technology company's stock valued at $599,000 after purchasing an additional 360 shares in the last quarter. Stephens Inc. AR raised its holdings in Flex by 2.6% in the third quarter. Stephens Inc. AR now owns 14,106 shares of the technology company's stock worth $472,000 after purchasing an additional 361 shares during the period. B. Riley Wealth Advisors Inc. boosted its position in shares of Flex by 5.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 9,299 shares of the technology company's stock worth $251,000 after purchasing an additional 471 shares in the last quarter. Finally, Huntington National Bank grew its holdings in shares of Flex by 87.9% in the 3rd quarter. Huntington National Bank now owns 1,024 shares of the technology company's stock valued at $34,000 after buying an additional 479 shares during the period. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Charles K. Stevens III sold 13,157 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $38.69, for a total value of $509,044.33. Following the completion of the sale, the director now owns 55,713 shares of the company's stock, valued at approximately $2,155,535.97. This represents a 19.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kwang Hooi Tan sold 8,028 shares of the business's stock in a transaction on Monday, October 28th. The stock was sold at an average price of $35.39, for a total transaction of $284,110.92. Following the transaction, the insider now owns 240,018 shares in the company, valued at approximately $8,494,237.02. The trade was a 3.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,185 shares of company stock worth $1,122,655 in the last quarter. Corporate insiders own 0.82% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on FLEX shares. KeyCorp began coverage on Flex in a research note on Tuesday, October 22nd. They set an "overweight" rating and a $41.00 price objective on the stock. Barclays lifted their price objective on Flex from $39.00 to $43.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. Craig Hallum increased their target price on Flex from $39.00 to $45.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. The Goldman Sachs Group set a $39.00 target price on shares of Flex in a report on Thursday, October 17th. Finally, StockNews.com raised shares of Flex from a "hold" rating to a "buy" rating in a research report on Tuesday, October 29th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $40.83.

Flex Stock Up 1.9 %

Shares of FLEX traded up $0.77 during mid-day trading on Friday, hitting $41.30. 60,947,147 shares of the company's stock were exchanged, compared to its average volume of 3,863,214. The company has a 50-day simple moving average of $35.12 and a 200 day simple moving average of $32.28. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.43 and a quick ratio of 0.85. The company has a market cap of $16.02 billion, a PE ratio of 18.27, a P/E/G ratio of 2.58 and a beta of 1.08. Flex Ltd. has a 52 week low of $21.84 and a 52 week high of $41.52.

About Flex

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.