As Flir Systems (FLIR) Market Valuation Rose, Shapiro Capital Management Lowered Its Stake by $71.06 Billion; Microsoft (MSFT) Holder Blume Capital Management Has Lowered Holding by $334,985

May 24, 2018 - By Russell Anderson

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Blume Capital Management Inc decreased its stake in Microsoft (MSFT) by 4.23% based on its latest 2017Q4 regulatory filing with the SEC. Blume Capital Management Inc sold 3,941 shares as the company’s stock rose 4.63% while stock markets declined. The institutional investor held 89,321 shares of the prepackaged software company at the end of 2017Q4, valued at $7.64M, down from 93,262 at the end of the previous reported quarter. Blume Capital Management Inc who had been investing in Microsoft for a number of months, seems to be less bullish one the $755.34 billion market cap company. The stock decreased 0.35% or $0.35 during the last trading session, reaching $98.31. About 18.63 million shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 37.43% since May 24, 2017 and is uptrending. It has outperformed by 25.88% the S&P500.

Shapiro Capital Management Llc decreased its stake in Flir Systems Inc. (FLIR) by 56.08% based on its latest 2017Q4 regulatory filing with the SEC. Shapiro Capital Management Llc sold 1.52M shares as the company’s stock rose 5.43% while stock markets declined. The institutional investor held 1.19 million shares of the capital goods company at the end of 2017Q4, valued at $55.65B, down from 2.72 million at the end of the previous reported quarter. Shapiro Capital Management Llc who had been investing in Flir Systems Inc. for a number of months, seems to be less bullish one the $7.50B market cap company. The stock increased 1.22% or $0.66 during the last trading session, reaching $54.65. About 582,504 shares traded. FLIR Systems, Inc. (NASDAQ:FLIR) has risen 39.35% since May 24, 2017 and is uptrending. It has outperformed by 27.80% the S&P500.

Shapiro Capital Management Llc, which manages about $4.00B and $4568.12B US Long portfolio, upped its stake in Scripps Networks Inter (NYSE:SNI) by 1,800 shares to 5,900 shares, valued at $503.74 million in 2017Q4, according to the filing. It also increased its holding in Knowles Corporation (NYSE:KN) by 731,433 shares in the quarter, for a total of 10.54 million shares, and has risen its stake in Amazon.Com Inc. (NASDAQ:AMZN).

Investors sentiment decreased to 1.19 in Q4 2017. Its down 0.18, from 1.37 in 2017Q3. It is negative, as 26 investors sold FLIR 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. 3,940 were accumulated by Ent Ser. Mutual Of America Cap Management Limited accumulated 0.01% or 18,049 shares. North Carolina-based Bb&T has invested 0.01% in FLIR Systems, Inc. (NASDAQ:FLIR). Earnest Partners has invested 0.95% in FLIR Systems, Inc. (NASDAQ:FLIR). Mitsubishi Ufj Trust And, Japan-based fund reported 301,859 shares. Aimz Invest Advisors Limited Liability has invested 2.14% in FLIR Systems, Inc. (NASDAQ:FLIR). Colorado-based Advisors Asset Management has invested 0.02% in FLIR Systems, Inc. (NASDAQ:FLIR). Huntington State Bank holds 0% or 1,890 shares in its portfolio. Vanguard Group Inc stated it has 14.20M shares or 0.03% of all its holdings. Northwestern Mutual Wealth invested 0% of its portfolio in FLIR Systems, Inc. (NASDAQ:FLIR). Commonwealth Fincl Bank Of Aus stated it has 550 shares or 0% of all its holdings. Renaissance Technology Ltd Liability Company invested in 0.02% or 457,760 shares. Glg Ltd Liability Corp accumulated 6,139 shares. Commercial Bank Of Montreal Can holds 0.01% of its portfolio in FLIR Systems, Inc. (NASDAQ:FLIR) for 280,860 shares. 525 are held by Vigilant Cap Mgmt Ltd Liability Com.

Analysts await FLIR Systems, Inc. (NASDAQ:FLIR) to report earnings on July, 25. They expect $0.49 EPS, up 16.67% or $0.07 from last year’s $0.42 per share. FLIR’s profit will be $67.24M for 27.88 P/E if the $0.49 EPS becomes a reality. After $0.48 actual EPS reported by FLIR Systems, Inc. for the previous quarter, Wall Street now forecasts 2.08% EPS growth.

More notable recent FLIR Systems, Inc. (NASDAQ:FLIR) news were published by: Bizjournals.com which released: “Flir to pay $30 million fine for federal trade violations” on April 25, 2018, also Streetinsider.com with their article: “Baird Reiterates Neutral on FLIR Systems (FLIR) Following Investor Day” published on May 17, 2018, Businesswire.com published: “FLIR Launches Radar and Thermal Products for Border Patrol and the Dismounted Warfighter” on May 22, 2018. More interesting news about FLIR Systems, Inc. (NASDAQ:FLIR) were released by: Seekingalpha.com and their article: “Aerospace And Defense Stocks: Which Are Best Wealth-Builders?” published on May 16, 2018 as well as Nasdaq.com‘s news article titled: “Report: Exploring Fundamental Drivers Behind Urban Edge Properties, FLIR, Zogenix, Watts Water Technologies …” with publication date: April 25, 2018.

Among 13 analysts covering FLIR Systems (NASDAQ:FLIR), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. FLIR Systems had 31 analyst reports since October 29, 2015 according to SRatingsIntel. The firm has “Mkt Perform” rating given on Tuesday, February 14 by Raymond James. The rating was upgraded by Raymond James on Tuesday, January 5 to “Strong Buy”. Robert W. Baird maintained FLIR Systems, Inc. (NASDAQ:FLIR) rating on Monday, October 23. Robert W. Baird has “Hold” rating and $34.0 target. The firm has “In-Line” rating by Imperial Capital given on Thursday, February 23. The company was initiated on Thursday, October 6 by Robert W. Baird. The company was maintained on Wednesday, February 15 by Imperial Capital. The stock has “Buy” rating by Needham on Thursday, February 15. The stock has “Buy” rating by Needham on Tuesday, December 1. The company was maintained on Tuesday, September 5 by Needham. The stock of FLIR Systems, Inc. (NASDAQ:FLIR) has “Buy” rating given on Friday, February 16 by Stephens.

Since April 30, 2018, it had 0 insider buys, and 3 insider sales for $5.89 million activity. $4.01M worth of stock was sold by Crouch William Wright on Monday, April 30.

Among 37 analysts covering Microsoft Corporation (NASDAQ:MSFT), 31 have Buy rating, 1 Sell and 5 Hold. Therefore 84% are positive. Microsoft Corporation had 185 analyst reports since July 22, 2015 according to SRatingsIntel. UBS maintained Microsoft Corporation (NASDAQ:MSFT) on Friday, January 29 with “Buy” rating. The firm has “Overweight” rating given on Thursday, February 1 by KeyBanc Capital Markets. The firm earned “Buy” rating on Wednesday, August 23 by BMO Capital Markets. RBC Capital Markets maintained Microsoft Corporation (NASDAQ:MSFT) on Wednesday, December 20 with “Buy” rating. Cowen & Co upgraded Microsoft Corporation (NASDAQ:MSFT) on Tuesday, May 24 to “Outperform” rating. The stock of Microsoft Corporation (NASDAQ:MSFT) earned “Buy” rating by FBR Capital on Thursday, September 3. The stock has “Buy” rating by Bank of America on Friday, October 23. The firm has “Buy” rating given on Friday, October 21 by UBS. The firm has “Buy” rating by Nomura given on Friday, October 21. The company was maintained on Wednesday, March 21 by William Blair.

Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on July, 19. They expect $1.08 earnings per share, up 10.20% or $0.10 from last year’s $0.98 per share. MSFT’s profit will be $8.30 billion for 22.76 P/E if the $1.08 EPS becomes a reality. After $0.95 actual earnings per share reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts 13.68% EPS growth.

Since February 16, 2018, it had 0 insider purchases, and 3 sales for $930,912 activity.

More notable recent Microsoft Corporation (NASDAQ:MSFT) news were published by: Nasdaq.com which released: “Microsoft Deploys New Career Site on the Phenom People Platform” on May 24, 2018, also Marketwatch.com with their article: “Opinion: Microsoft’s stock is getting increasingly overvalued” published on May 24, 2018, 247Wallst.com published: “Microsoft Catches Amazon as Second Most Valuable Company” on April 25, 2018. More interesting news about Microsoft Corporation (NASDAQ:MSFT) were released by: Fool.com and their article: “Microsoft Acquires Semantic Machines for Conversational Artificial Intelligence” published on May 21, 2018 as well as Investorplace.com‘s news article titled: “20 Stocks Hedge Fund Managers Are Buying In Bulk” with publication date: May 23, 2018.

Blume Capital Management Inc, which manages about $302.15M and $195.35M US Long portfolio, upped its stake in Ishares Biotech Fund (IBB) by 48,519 shares to 72,891 shares, valued at $7.78M in 2017Q4, according to the filing. It also increased its holding in Allergan Inc. by 3,515 shares in the quarter, for a total of 50,792 shares, and has risen its stake in Tjx Companies Inc. (NYSE:TJX).

Investors sentiment decreased to 0.77 in 2017 Q4. Its down 0.06, from 0.83 in 2017Q3. It turned negative, as 39 investors sold MSFT shares while 1012 reduced holdings. 134 funds opened positions while 676 raised stakes. 5.46 billion shares or 0.90% less from 5.51 billion shares in 2017Q3 were reported. Hap Trading Ltd Company has 0.06% invested in Microsoft Corporation (NASDAQ:MSFT). 124,000 are held by Js Mgmt Limited Liability Corp. Ccm Inv Advisers Lc has 137,557 shares. South Texas Money Mgmt Limited accumulated 645,662 shares or 2.57% of the stock. Sheets Smith Wealth holds 1.06% or 52,583 shares in its portfolio. Fil Ltd invested in 5.62M shares or 1.34% of the stock. Private Harbour Mngmt Counsel Ltd Liability reported 3.34% stake. The New York-based Trustco Fincl Bank N Y has invested 2.19% in Microsoft Corporation (NASDAQ:MSFT). Verition Fund Mgmt Ltd Liability Corp stated it has 10,546 shares or 0.08% of all its holdings. Asset Advisors holds 273,053 shares or 3.82% of its portfolio. Notis stated it has 57,994 shares or 2.85% of all its holdings. First Personal holds 1.55% or 93,239 shares in its portfolio. Maverick Cap Limited has invested 3.81% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Bbr Partners invested in 5,154 shares or 0.05% of the stock. Private Cap Advisors accumulated 4,003 shares.

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

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