Stevens Capital Management LP Buys Shares of 88,831 Varian Medical Systems, Inc. (VAR)

Stevens Capital Management LP bought a new position in Varian Medical Systems, Inc. (NYSE:VAR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 88,831 shares of the medical equipment provider’s stock, valued at approximately $8,888,000. Stevens Capital Management LP owned approximately 0.10% of Varian Medical Systems as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. BNP Paribas Arbitrage SA grew its position in Varian Medical Systems by 32.5% in the second quarter. BNP Paribas Arbitrage SA now owns 102,502 shares of the medical equipment provider’s stock worth $10,577,000 after acquiring an additional 25,152 shares in the last quarter. BB&T Securities LLC grew its position in Varian Medical Systems by 50.7% in the second quarter. BB&T Securities LLC now owns 7,771 shares of the medical equipment provider’s stock worth $801,000 after acquiring an additional 2,616 shares in the last quarter. GHP Investment Advisors Inc. grew its position in Varian Medical Systems by 5.2% in the second quarter. GHP Investment Advisors Inc. now owns 15,090 shares of the medical equipment provider’s stock worth $1,557,000 after acquiring an additional 740 shares in the last quarter. Fiera Capital Corp grew its position in Varian Medical Systems by 12.0% in the second quarter. Fiera Capital Corp now owns 2,519,976 shares of the medical equipment provider’s stock worth $260,037,000 after acquiring an additional 269,633 shares in the last quarter. Finally, Nationwide Fund Advisors grew its position in Varian Medical Systems by 107.9% in the second quarter. Nationwide Fund Advisors now owns 389,616 shares of the medical equipment provider’s stock worth $40,204,000 after acquiring an additional 202,177 shares in the last quarter. 99.81% of the stock is owned by institutional investors.

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Several research firms have commented on VAR. BTIG Research reissued a “hold” rating on shares of Varian Medical Systems in a research report on Sunday, October 29th. BidaskClub raised shares of Varian Medical Systems from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Citigroup Inc. upped their price objective on shares of Varian Medical Systems from $119.00 to $121.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Zacks Investment Research downgraded shares of Varian Medical Systems from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $99.00 price objective (up from $89.00) on shares of Varian Medical Systems in a report on Friday, July 14th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. Varian Medical Systems currently has a consensus rating of “Hold” and a consensus price target of $97.83.

Varian Medical Systems, Inc. (NYSE:VAR) traded down $0.35 during trading hours on Tuesday, reaching $105.83. 44,727 shares of the company traded hands, compared to its average volume of 843,513. The firm has a market cap of $9,750.00, a PE ratio of 28.14, a P/E/G ratio of 3.12 and a beta of 0.65. Varian Medical Systems, Inc. has a 1 year low of $75.20 and a 1 year high of $108.78. The company has a current ratio of 1.41, a quick ratio of 1.13 and a debt-to-equity ratio of 0.18.

Varian Medical Systems (NYSE:VAR) last released its earnings results on Wednesday, October 25th. The medical equipment provider reported $1.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.10). The company had revenue of $739.00 million for the quarter, compared to analyst estimates of $741.69 million. Varian Medical Systems had a net margin of 8.85% and a return on equity of 23.68%. Varian Medical Systems’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 earnings per share. research analysts forecast that Varian Medical Systems, Inc. will post 4.26 EPS for the current fiscal year.

In related news, Director R Andrew Eckert sold 5,651 shares of the company’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $102.39, for a total transaction of $578,605.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kolleen T. Kennedy sold 1,088 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $107.33, for a total transaction of $116,775.04. Following the transaction, the executive vice president now owns 27,688 shares of the company’s stock, valued at $2,971,753.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,828 shares of company stock valued at $4,337,416. Corporate insiders own 0.91% of the company’s stock.

About Varian Medical Systems

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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