Is Buying FLIR Systems, Inc. (FLIR) Here a Winning Strategy? The Stock Formed Double Top Pattern

April 25, 2018 - By Stephen Andrade

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.
363,370 are held by Parametric Ltd Llc. Hussman Strategic Advsr reported 50,000 shares. Teacher Retirement Of Texas has 0.01% invested in FLIR Systems, Inc. (NASDAQ:FLIR). Stifel Fin Corp invested in 67,889 shares. Oakbrook Invs Ltd Liability holds 11,780 shares or 0.03% of its portfolio. Employees Retirement Systems Of Texas has invested 0.08% in FLIR Systems, Inc. (NASDAQ:FLIR). Deprince Race & Zollo accumulated 281,827 shares. Cramer Rosenthal Mcglynn Lc owns 2.35 million shares or 1.76% of their US portfolio. Victory Capital accumulated 0.01% or 55,172 shares. Ameriprise Financial invested in 272,924 shares. Prudential reported 190,436 shares. Wesbanco Financial Bank reported 6,371 shares stake. Dekabank Deutsche Girozentrale reported 13,183 shares. Raymond James Fincl Svcs Advisors has 0.07% invested in FLIR Systems, Inc. (NASDAQ:FLIR) for 237,401 shares. Commerzbank Aktiengesellschaft Fi holds 0.02% or 26,840 shares in its portfolio.

Since October 27, 2017, it had 0 insider purchases, and 2 selling transactions for $509,108 activity. HARDING BRIAN E also sold $86,108 worth of FLIR Systems, Inc. (NASDAQ:FLIR) on Monday, October 30. Another trade for 11,200 shares valued at $530,208 was sold by WYNNE STEVEN E. 9,000 shares were sold by DUCHENE TODD M, worth $423,000. Another trade for 11,200 shares valued at $530,432 was sold by CARTER JOHN D. The insider MACDONALD ANGUS L sold $530,320.

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. The firm earned “Buy” rating on Monday, January 8 by SunTrust. Stephens maintained it with “Buy” rating and $59.0 target in Friday, February 16 report. The stock of FLIR Systems, Inc. (NASDAQ:FLIR) earned “Hold” rating by SunTrust on Thursday, October 26. The firm has “Buy” rating by Needham given on Monday, March 12. The company was maintained on Wednesday, January 17 by Stephens. Robert W. Baird maintained it with “Hold” rating and $52.0 target in Thursday, February 15 report. The firm has “In-Line” rating by Imperial Capital given on Thursday, March 22. As per Thursday, October 26, the company rating was maintained by Needham. The stock of FLIR Systems, Inc. (NASDAQ:FLIR) earned “Buy” rating by Needham on Thursday, February 15. Seaport Global maintained it with “Buy” rating and $54.0 target in Thursday, February 15 report.

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

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