Chevy Chase Trust Holdings INC Has Boosted Its Flir Sys INC (FLIR) Stake by $3.43 Million

December 7, 2017 - By Adrian Erickson

Investors sentiment increased to 1.56 in 2017 Q2. Its up 0.22, from 1.34 in 2017Q1. It increased, as 31 investors sold FLIR shares while 95 reduced holdings. 48 funds opened positions while 149 raised stakes. 121.17 million shares or 1.30% less from 122.77 million shares in 2017Q1 were reported. 5,996 are held by Rockefeller Fincl Service Inc. Swiss Commercial Bank reported 0.02% of its portfolio in FLIR Systems, Inc. (NASDAQ:FLIR). 425,800 were accumulated by Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Management. Pictet Asset Mngmt Limited accumulated 67,314 shares. Renaissance Technologies Llc holds 0.08% or 1.76 million shares. First Quadrant Ltd Partnership Ca reported 0.05% in FLIR Systems, Inc. (NASDAQ:FLIR). Financial Bank Of America De, North Carolina-based fund reported 475,191 shares. Art Advsrs Lc reported 0.11% in FLIR Systems, Inc. (NASDAQ:FLIR). Brown Management Lc, a Maryland-based fund reported 446,145 shares. Jefferies Gp invested in 0.04% or 187,989 shares. Glenmede Tru Na holds 0% of its portfolio in FLIR Systems, Inc. (NASDAQ:FLIR) for 604 shares. Indiana-based First Merchants has invested 0.53% in FLIR Systems, Inc. (NASDAQ:FLIR). Louisiana State Employees Retirement System owns 8,500 shares for 0.01% of their portfolio. Gemmer Asset Limited Liability Com accumulated 141 shares or 0% of the stock. Livforsakringsbolaget Skandia Omsesidigt invested 0.01% of its portfolio in FLIR Systems, Inc. (NASDAQ:FLIR).

Since June 14, 2017, it had 0 buys, and 1 sale for $1.39 million activity.

Chevy Chase Trust Holdings Inc increased its stake in Flir Sys Inc (FLIR) by 5.24% based on its latest 2017Q2 regulatory filing with the SEC. Chevy Chase Trust Holdings Inc bought 100,971 shares as the company’s stock rose 1.23% with the market. The institutional investor held 2.03 million shares of the capital goods company at the end of 2017Q2, valued at $70.28 million, up from 1.93 million at the end of the previous reported quarter. Chevy Chase Trust Holdings Inc who had been investing in Flir Sys Inc for a number of months, seems to be bullish on the $6.40B market cap company. The stock increased 0.06% or $0.03 during the last trading session, reaching $46.19. About 390,056 shares traded. FLIR Systems, Inc. (NASDAQ:FLIR) has risen 24.65% since December 7, 2016 and is uptrending. It has outperformed by 7.95% the S&P500.

Chevy Chase Trust Holdings Inc, which manages about $20.89 billion US Long portfolio, decreased its stake in Microsoft Corp (NASDAQ:MSFT) by 107,044 shares to 8.00M shares, valued at $551.33M in 2017Q2, according to the filing. It also reduced its holding in Accenture Plc Ireland (NYSE:ACN) by 57,181 shares in the quarter, leaving it with 785,395 shares, and cut its stake in Cisco Sys Inc (NASDAQ:CSCO).

Another recent and important FLIR Systems, Inc. (NASDAQ:FLIR) news was published by Nasdaq.com which published an article titled: “David Ray Named President of FLIR Systems’ Government & Defense Business Unit” on December 07, 2017.

FLIR Systems, Inc. (NASDAQ:FLIR) Ratings Coverage

Among 10 analysts covering FLIR Systems (NASDAQ:FLIR), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. FLIR Systems had 20 analyst reports since October 29, 2015 according to SRatingsIntel. On Tuesday, December 1 the stock rating was maintained by Needham with “Buy”. On Tuesday, February 14 the stock rating was downgraded by Raymond James to “Mkt Perform”. Robert W. Baird maintained the stock with “Hold” rating in Monday, October 23 report. SunTrust maintained FLIR Systems, Inc. (NASDAQ:FLIR) rating on Thursday, October 5. SunTrust has “Hold” rating and $37.0 target. The firm earned “Hold” rating on Thursday, October 26 by SunTrust. Suntrust Robinson initiated the stock with “Hold” rating in Thursday, January 19 report. The firm has “Outperform” rating by Imperial Capital given on Friday, November 4. SunTrust initiated FLIR Systems, Inc. (NASDAQ:FLIR) on Thursday, January 19 with “Hold” rating. The rating was upgraded by Goldman Sachs on Monday, January 4 to “Buy”. The company was maintained on Thursday, December 1 by Needham.

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