Flir Systems Inc. (NASDAQ:FLIR) was down 3.6% during trading on Monday . The company traded as low as $31.95 and last traded at $32.05, with a volume of 721,522 shares traded. The stock had previously closed at $33.23.

A number of brokerages have recently issued reports on FLIR. Zacks Investment Research raised shares of Flir Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, April 12th. Needham & Company LLC boosted their price objective on shares of Flir Systems from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, March 30th. Drexel Hamilton reissued a “buy” rating on shares of Flir Systems in a research report on Tuesday, May 24th. Goldman Sachs Group Inc. boosted their price objective on shares of Flir Systems from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Tuesday, April 12th. Finally, Raymond James Financial Inc. downgraded shares of Flir Systems from a “strong-buy” rating to an “outperform” rating and set a $36.00 price objective for the company. in a research report on Monday. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Flir Systems has an average rating of “Buy” and an average target price of $35.80.

The firm’s 50-day moving average price is $31.43 and its 200-day moving average price is $31.21. The stock has a market cap of $4.44 billion and a P/E ratio of 23.13.

In related news, Director Angus L. Macdonald sold 5,340 shares of the stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $31.10, for a total value of $166,074.00. Following the sale, the director now directly owns 15,528 shares of the company’s stock, valued at approximately $482,920.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Other large investors have modified their holdings of the company. Airain ltd acquired a new stake in shares of Flir Systems during the fourth quarter worth approximately $2,495,000. Boyer & Corporon Wealth Management LLC boosted its stake in shares of Flir Systems by 29.1% in the fourth quarter. Boyer & Corporon Wealth Management LLC now owns 117,847 shares of the company’s stock worth $3,308,000 after buying an additional 26,557 shares during the last quarter. Stephens Investment Management Group LLC boosted its stake in shares of Flir Systems by 117.2% in the fourth quarter. Stephens Investment Management Group LLC now owns 675,455 shares of the company’s stock worth $18,960,000 after buying an additional 364,480 shares during the last quarter. Andra AP fonden boosted its stake in shares of Flir Systems by 18.6% in the fourth quarter. Andra AP fonden now owns 72,100 shares of the company’s stock worth $2,024,000 after buying an additional 11,300 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in shares of Flir Systems during the fourth quarter worth approximately $35,384,000.

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

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