Balyasny Asset Management LLC Sells 4,196 Shares of FLIR Systems, Inc. (FLIR)

Balyasny Asset Management LLC decreased its position in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 18.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,624 shares of the scientific and technical instruments company’s stock after selling 4,196 shares during the quarter. Balyasny Asset Management LLC’s holdings in FLIR Systems were worth $646,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Stifel Financial Corp boosted its holdings in shares of FLIR Systems by 2.0% during the 2nd quarter. Stifel Financial Corp now owns 66,672 shares of the scientific and technical instruments company’s stock valued at $2,309,000 after acquiring an additional 1,306 shares in the last quarter. Numeric Investors LLC boosted its holdings in shares of FLIR Systems by 175.2% during the 2nd quarter. Numeric Investors LLC now owns 66,600 shares of the scientific and technical instruments company’s stock valued at $2,308,000 after acquiring an additional 42,400 shares in the last quarter. OxFORD Asset Management LLP boosted its holdings in shares of FLIR Systems by 78.6% during the 2nd quarter. OxFORD Asset Management LLP now owns 69,760 shares of the scientific and technical instruments company’s stock valued at $2,418,000 after acquiring an additional 30,690 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of FLIR Systems by 4.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,356,461 shares of the scientific and technical instruments company’s stock valued at $47,016,000 after acquiring an additional 53,815 shares in the last quarter. Finally, Virtu KCG Holdings LLC boosted its holdings in shares of FLIR Systems by 337.0% during the 2nd quarter. Virtu KCG Holdings LLC now owns 45,874 shares of the scientific and technical instruments company’s stock valued at $1,590,000 after acquiring an additional 35,376 shares in the last quarter. 90.72% of the stock is currently owned by institutional investors.

In other news, COO Thomas A. Surran sold 261,320 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $38.25, for a total transaction of $9,995,490.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Earl R. Lewis sold 20,000 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $38.22, for a total transaction of $764,400.00. Following the sale, the director now owns 509,379 shares of the company’s stock, valued at $19,468,465.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 292,907 shares of company stock valued at $11,191,737. 3.00% of the stock is currently owned by company insiders.

FLIR Systems, Inc. (FLIR) opened at 42.50 on Wednesday. FLIR Systems, Inc. has a 12 month low of $28.26 and a 12 month high of $43.41. The company’s 50-day moving average price is $39.68 and its 200 day moving average price is $37.50. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of 27.40 and a beta of 0.60.

FLIR Systems (NASDAQ:FLIR) last posted its earnings results on Wednesday, July 26th. The scientific and technical instruments company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.01. The company had revenue of $434.12 million during the quarter, compared to analyst estimates of $437.32 million. FLIR Systems had a net margin of 12.44% and a return on equity of 13.97%. FLIR Systems’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 earnings per share. Analysts forecast that FLIR Systems, Inc. will post $1.85 EPS for the current fiscal year.

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FLIR has been the topic of several recent research reports. BidaskClub downgraded FLIR Systems from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 21st. Needham & Company LLC raised their target price on FLIR Systems from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, September 6th. Stephens initiated coverage on FLIR Systems in a research report on Friday, July 7th. They set an “overweight” rating for the company. Raymond James Financial, Inc. raised FLIR Systems from a “market perform” rating to a “strong-buy” rating and set a $43.00 target price for the company in a research report on Monday, July 10th. Finally, UBS AG raised FLIR Systems from a “market perform” rating to a “strong-buy” rating in a research report on Monday, July 10th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. FLIR Systems has an average rating of “Buy” and a consensus target price of $39.17.

FLIR Systems Profile

FLIR Systems, Inc (FLIR) designs, develops, markets and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems and threat-detection solutions. The Company’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection.

Institutional Ownership by Quarter for FLIR Systems (NASDAQ:FLIR)

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