Varian Medical Systems, Inc. (VAR) Position Maintained by KCM Investment Advisors LLC

KCM Investment Advisors LLC continued to hold its stake in shares of Varian Medical Systems, Inc. (NYSE:VAR) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,413 shares of the medical equipment provider’s stock at the end of the 2nd quarter. KCM Investment Advisors LLC’s holdings in Varian Medical Systems were worth $2,416,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Manchester Capital Management LLC grew its stake in shares of Varian Medical Systems by 16.5% in the 2nd quarter. Manchester Capital Management LLC now owns 1,057 shares of the medical equipment provider’s stock valued at $109,000 after buying an additional 150 shares during the period. Parallel Advisors LLC grew its stake in shares of Varian Medical Systems by 16.7% in the 1st quarter. Parallel Advisors LLC now owns 1,232 shares of the medical equipment provider’s stock valued at $113,000 after buying an additional 176 shares during the period. Heritage Trust Co acquired a new stake in shares of Varian Medical Systems in the 1st quarter valued at about $118,000. Penserra Capital Management LLC grew its stake in shares of Varian Medical Systems by 9.5% in the 1st quarter. Penserra Capital Management LLC now owns 1,610 shares of the medical equipment provider’s stock valued at $146,000 after buying an additional 140 shares during the period. Finally, Pacer Advisors Inc. grew its stake in shares of Varian Medical Systems by 3.1% in the 1st quarter. Pacer Advisors Inc. now owns 1,815 shares of the medical equipment provider’s stock valued at $165,000 after buying an additional 55 shares during the period. Institutional investors own 99.64% of the company’s stock.

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Several brokerages have recently commented on VAR. Robert W. Baird restated a “neutral” rating and issued a $99.00 target price (up from $89.00) on shares of Varian Medical Systems in a research note on Friday, July 14th. BidaskClub downgraded Varian Medical Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Zacks Investment Research downgraded Varian Medical Systems from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. BTIG Research downgraded Varian Medical Systems from a “buy” rating to a “neutral” rating in a research note on Thursday, September 7th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $100.00 target price on shares of Varian Medical Systems in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $97.39.

Varian Medical Systems, Inc. (NYSE VAR) traded down 0.82% during trading on Friday, reaching $106.99. The company’s stock had a trading volume of 146,044 shares. The firm has a market cap of $9.82 billion, a PE ratio of 35.22 and a beta of 0.58. The company has a 50-day moving average of $101.40 and a 200 day moving average of $97.21. Varian Medical Systems, Inc. has a one year low of $75.20 and a one year high of $107.87.

Varian Medical Systems (NYSE:VAR) last announced its quarterly earnings data on Wednesday, July 26th. The medical equipment provider reported $1.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.09. The firm had revenue of $662.40 million for the quarter, compared to the consensus estimate of $663.86 million. Varian Medical Systems had a net margin of 9.50% and a return on equity of 24.70%. The company’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the firm earned $1.00 EPS. Analysts expect that Varian Medical Systems, Inc. will post $3.93 EPS for the current fiscal year.

In other news, EVP Kolleen T. Kennedy sold 26,092 shares of the firm’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $105.00, for a total transaction of $2,739,660.00. Following the sale, the executive vice president now directly owns 52,692 shares in the company, valued at approximately $5,532,660. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John W. Kuo sold 863 shares of the firm’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $104.48, for a total transaction of $90,166.24. Following the sale, the senior vice president now owns 28,224 shares in the company, valued at $2,948,843.52. The disclosure for this sale can be found here. Insiders have sold a total of 80,879 shares of company stock worth $8,340,117 over the last 90 days. Insiders own 0.91% of the company’s stock.

Varian Medical Systems Profile

Varian Medical Systems, Inc is a manufacturer of medical devices and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy and brachytherapy medical devices and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy and brachytherapy.

Institutional Ownership by Quarter for Varian Medical Systems (NYSE:VAR)

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