Is Buying Stock Like FLIR Systems, Inc. (FLIR) After This Bullish Double Top a Winning Strategy?

April 25, 2018 - By Adrian Mccoy

FLIR Systems, Inc. (NASDAQ:FLIR) Logo

Investors sentiment decreased to 1.19 in 2017 Q4. Its down 0.18, from 1.37 in 2017Q3. It fall, as 26 investors sold FLIR Systems, Inc. shares while 135 reduced holdings. 67 funds opened positions while 124 raised stakes. 121.46 million shares or 1.09% less from 122.80 million shares in 2017Q3 were reported.
Liberty Mutual Grp Asset Incorporated reported 5,468 shares stake. Arrowstreet Capital Partnership has 0% invested in FLIR Systems, Inc. (NASDAQ:FLIR) for 32,400 shares. Aqr Capital Mngmt Lc invested 0.12% in FLIR Systems, Inc. (NASDAQ:FLIR). Thrivent Fincl For Lutherans holds 1.02 million shares. Parkside Bank & Trust reported 0% stake. Alyeska Inv Grp Limited Partnership has 0.64% invested in FLIR Systems, Inc. (NASDAQ:FLIR) for 1.59M shares. Advsrs Asset holds 0.02% or 26,004 shares in its portfolio. 149,400 are owned by Quantitative Investment Mngmt Limited Liability. Schwab Charles Investment Mgmt has invested 0.02% in FLIR Systems, Inc. (NASDAQ:FLIR). Teachers Retirement Systems Of The State Of Kentucky stated it has 10,600 shares. First Personal Fincl Services accumulated 196 shares or 0% of the stock. Rhumbline Advisers has invested 0.03% of its portfolio in FLIR Systems, Inc. (NASDAQ:FLIR). Johnson Inv Counsel reported 0.01% stake. Prospector Partners Limited Company owns 265,850 shares. Dnb Asset Management As reported 0.01% stake.

Since October 27, 2017, it had 0 insider buys, and 2 sales for $509,108 activity. Shares for $86,108 were sold by HARDING BRIAN E. On Friday, October 27 WYNNE STEVEN E sold $530,208 worth of FLIR Systems, Inc. (NASDAQ:FLIR) or 11,200 shares. Another trade for 9,000 shares valued at $423,000 was sold by DUCHENE TODD M. LEWIS EARL R sold $6.47M worth of FLIR Systems, Inc. (NASDAQ:FLIR) on Friday, October 27. CARTER JOHN D sold $530,432 worth of stock.

The chart of FLIR Systems, Inc. (FLIR) shows a double top with $53.71 target or 3.00 % above today’s $52.15 share price. The 6 months chart pattern indicates low risk for the $7.25 billion company. It was reported on Apr, 25 by Finviz.com. If the $53.71 price target is reached, the company will be worth $217.35M more. Double tops are rare but powerful chart patterns.

The stock increased 2.12% or $1.08 during the last trading session, reaching $52.15. About 727,245 shares traded. FLIR Systems, Inc. (NASDAQ:FLIR) has risen 39.35% since April 25, 2017 and is uptrending. It has outperformed by 27.80% the S&P500.

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

Among 6 analysts covering FLIR Systems (NASDAQ:FLIR), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. FLIR Systems had 10 analyst reports since October 26, 2017 according to SRatingsIntel. Robert W. Baird maintained the stock with “Hold” rating in Thursday, February 15 report. The firm has “Buy” rating by Stephens given on Friday, February 16. The company was maintained on Thursday, February 15 by Needham. Needham maintained FLIR Systems, Inc. (NASDAQ:FLIR) on Monday, March 12 with “Buy” rating. The firm has “Buy” rating given on Monday, January 8 by SunTrust. As per Thursday, March 22, the company rating was maintained by Imperial Capital. SunTrust maintained the stock with “Hold” rating in Thursday, October 26 report. The stock of FLIR Systems, Inc. (NASDAQ:FLIR) earned “Buy” rating by Stephens on Wednesday, January 17. The firm has “Buy” rating by Seaport Global given on Thursday, February 15. Needham maintained it with “Buy” rating and $50.0 target in Thursday, October 26 report.

FLIR Systems, Inc. (NASDAQ:FLIR) Institutional Positions Chart

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