Varian Medical Systems, Inc. (VAR) Position Lowered by Sarasin & Partners LLP

Sarasin & Partners LLP lowered its stake in Varian Medical Systems, Inc. (NYSE:VAR) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 215,392 shares of the medical equipment provider’s stock after selling 2,748 shares during the period. Sarasin & Partners LLP’s holdings in Varian Medical Systems were worth $23,941,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Thrivent Financial For Lutherans grew its position in Varian Medical Systems by 1.5% in the second quarter. Thrivent Financial For Lutherans now owns 3,480 shares of the medical equipment provider’s stock valued at $359,000 after acquiring an additional 50 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Varian Medical Systems by 4.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 3,250 shares of the medical equipment provider’s stock valued at $335,000 after acquiring an additional 141 shares during the last quarter. Sentry Investment Management LLC grew its position in Varian Medical Systems by 5.2% in the second quarter. Sentry Investment Management LLC now owns 7,700 shares of the medical equipment provider’s stock valued at $795,000 after acquiring an additional 383 shares during the last quarter. WASHINGTON TRUST Co grew its position in Varian Medical Systems by 100.0% in the fourth quarter. WASHINGTON TRUST Co now owns 970 shares of the medical equipment provider’s stock valued at $108,000 after acquiring an additional 485 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in Varian Medical Systems by 1.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 35,815 shares of the medical equipment provider’s stock valued at $3,584,000 after acquiring an additional 529 shares during the last quarter. Institutional investors own 99.19% of the company’s stock.

Shares of Varian Medical Systems, Inc. (NYSE:VAR) opened at $112.82 on Friday. Varian Medical Systems, Inc. has a 12 month low of $79.02 and a 12 month high of $130.29. The company has a market capitalization of $10,674.83, a PE ratio of 28.66, a PEG ratio of 3.39 and a beta of 0.81.

Varian Medical Systems (NYSE:VAR) last announced its quarterly earnings results on Wednesday, January 24th. The medical equipment provider reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.06. Varian Medical Systems had a return on equity of 27.13% and a net margin of 4.27%. The firm had revenue of $678.50 million for the quarter, compared to analyst estimates of $633.96 million. During the same period last year, the firm posted $1.09 earnings per share. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. equities research analysts anticipate that Varian Medical Systems, Inc. will post 4.31 EPS for the current fiscal year.

A number of research analysts have issued reports on VAR shares. Zacks Investment Research cut Varian Medical Systems from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Citigroup lifted their target price on Varian Medical Systems from $119.00 to $121.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Evercore ISI started coverage on Varian Medical Systems in a research report on Wednesday, January 3rd. They issued an “underperform” rating and a $100.00 target price on the stock. BTIG Research reiterated a “hold” rating on shares of Varian Medical Systems in a research report on Sunday, October 29th. Finally, JPMorgan Chase & Co. lifted their target price on Varian Medical Systems from $88.00 to $105.00 and gave the company a “neutral” rating in a research report on Thursday, January 25th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $108.44.

In other news, insider Dow R. Wilson sold 88,766 shares of Varian Medical Systems stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $111.00, for a total transaction of $9,853,026.00. Following the sale, the insider now directly owns 155,542 shares of the company’s stock, valued at $17,265,162. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dow R. Wilson sold 24,000 shares of Varian Medical Systems stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $126.73, for a total value of $3,041,520.00. Following the sale, the insider now directly owns 90,776 shares in the company, valued at $11,504,042.48. The disclosure for this sale can be found here. Insiders have sold 139,842 shares of company stock worth $15,923,110 over the last three months. Insiders own 0.78% of the company’s stock.

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Varian Medical Systems Company 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.

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

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