Nomura Holdings Inc. Invests $931,000 in Varian Medical Systems, Inc. (VAR)

Nomura Holdings Inc. purchased a new stake in shares of Varian Medical Systems, Inc. (NYSE:VAR) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 9,019 shares of the medical equipment provider’s stock, valued at approximately $931,000.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Varian Medical Systems by 1.7% in the second quarter. Vanguard Group Inc. now owns 9,157,677 shares of the medical equipment provider’s stock worth $944,980,000 after acquiring an additional 150,482 shares during the period. BlackRock Inc. increased its stake in shares of Varian Medical Systems by 6.6% in the second quarter. BlackRock Inc. now owns 8,423,626 shares of the medical equipment provider’s stock worth $869,233,000 after acquiring an additional 523,858 shares during the period. First Eagle Investment Management LLC grew its position in Varian Medical Systems by 0.8% during the second quarter. First Eagle Investment Management LLC now owns 4,679,471 shares of the medical equipment provider’s stock valued at $482,875,000 after buying an additional 38,005 shares during the period. State Street Corp grew its position in Varian Medical Systems by 1.3% during the first quarter. State Street Corp now owns 4,324,762 shares of the medical equipment provider’s stock valued at $394,109,000 after buying an additional 57,090 shares during the period. Finally, Janus Capital Management LLC grew its position in Varian Medical Systems by 8.5% during the first quarter. Janus Capital Management LLC now owns 3,932,124 shares of the medical equipment provider’s stock valued at $358,332,000 after buying an additional 306,975 shares during the period. Institutional investors and hedge funds own 99.32% of the company’s stock.

In related news, insider Dow R. Wilson sold 15,059 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $96.48, for a total value of $1,452,892.32. Following the completion of the sale, the insider now owns 81,835 shares in the company, valued at $7,895,440.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kolleen T. Kennedy sold 931 shares of the stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $105.00, for a total value of $97,755.00. Following the completion of the sale, the executive vice president now owns 27,531 shares of the company’s stock, valued at $2,890,755. The disclosure for this sale can be found here. Insiders have sold 56,887 shares of company stock worth $5,790,308 in the last ninety days. 0.91% of the stock is currently owned by insiders.

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VAR has been the topic of several analyst reports. BidaskClub lowered shares of Varian Medical Systems from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $100.00 price objective on shares of Varian Medical Systems in a report on Friday, September 1st. Robert W. Baird reissued a “hold” rating and issued a $99.00 price target on shares of Varian Medical Systems in a research note on Monday, August 28th. Zacks Investment Research downgraded shares of Varian Medical Systems from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, BTIG Research downgraded shares of 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. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $94.94.

Shares of Varian Medical Systems, Inc. (VAR) traded up 0.53% on Friday, reaching $104.96. 28,030 shares of the company were exchanged. Varian Medical Systems, Inc. has a 1-year low of $75.20 and a 1-year high of $108.78. The stock has a market capitalization of $9.64 billion, a PE ratio of 34.55 and a beta of 0.56. The company has a 50-day moving average price of $104.28 and a 200 day moving average price of $100.27.

Varian Medical Systems (NYSE:VAR) last posted its quarterly earnings data on Wednesday, October 25th. The medical equipment provider reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.10). Varian Medical Systems had a return on equity of 23.79% and a net margin of 8.85%. The business had revenue of $739.00 million during the quarter, compared to analyst estimates of $741.69 million. During the same period in the prior year, the firm posted $1.03 EPS. Varian Medical Systems’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, analysts forecast that Varian Medical Systems, Inc. will post $3.93 EPS for the current fiscal year.

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.

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

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