Assetmark Inc. Has $617,000 Holdings in Flex Ltd. (NASDAQ:FLEX)

Assetmark Inc. lifted its stake in shares of Flex Ltd. (NASDAQ:FLEX) by 15.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,462 shares of the technology company’s stock after buying an additional 2,432 shares during the quarter. Assetmark Inc.’s holdings in Flex were worth $617,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Creative Planning increased its stake in Flex by 0.6% during the 3rd quarter. Creative Planning now owns 141,371 shares of the technology company’s stock valued at $4,726,000 after purchasing an additional 839 shares in the last quarter. SG Americas Securities LLC raised its stake in Flex by 441.6% in the 2nd quarter. SG Americas Securities LLC now owns 47,477 shares of the technology company’s stock valued at $1,400,000 after acquiring an additional 38,711 shares during the period. Hsbc Holdings PLC raised its stake in Flex by 254.9% in the 2nd quarter. Hsbc Holdings PLC now owns 50,770 shares of the technology company’s stock valued at $1,499,000 after acquiring an additional 36,465 shares during the period. Twin Tree Management LP increased its position in shares of Flex by 29,912.0% during the first quarter. Twin Tree Management LP now owns 97,239 shares of the technology company’s stock valued at $2,782,000 after buying an additional 96,915 shares during the period. Finally, Valliance Asset Management Ltd bought a new stake in shares of Flex during the second quarter valued at about $2,654,000. Institutional investors and hedge funds own 94.30% of the company’s stock.

Insider Activity

In other Flex news, insider Kwang Hooi Tan sold 8,028 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $35.39, for a total value of $284,110.92. Following the transaction, the insider now directly owns 240,018 shares of the company’s stock, valued at approximately $8,494,237.02. This trade represents a 3.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP David Scott Offer sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $31.99, for a total value of $319,900.00. Following the completion of the transaction, the executive vice president now directly owns 168,094 shares in the company, valued at $5,377,327.06. The trade was a 5.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,185 shares of company stock worth $1,442,555 over the last three months. 0.82% of the stock is currently owned by corporate insiders.

Flex Price Performance

Shares of NASDAQ:FLEX opened at $37.20 on Friday. Flex Ltd. has a 1-year low of $21.84 and a 1-year high of $40.30. 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 business has a fifty day moving average price of $34.12 and a 200-day moving average price of $31.87. The company has a market capitalization of $14.43 billion, a PE ratio of 16.46, a PEG ratio of 2.41 and a beta of 1.08.

Analyst Ratings Changes

Several research analysts recently weighed in on FLEX shares. Barclays upped their price objective on shares of Flex from $39.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Stifel Nicolaus increased their price objective on Flex from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. StockNews.com raised Flex from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. raised their price target on Flex from $34.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. Finally, The Goldman Sachs Group set a $39.00 price target on Flex in a research note on Thursday, October 17th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $40.83.

Flex 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.