2,569 Shares in Varian Medical Systems, Inc. (VAR) Purchased by ETRADE Capital Management LLC

ETRADE Capital Management LLC bought a new stake in Varian Medical Systems, Inc. (NYSE:VAR) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,569 shares of the medical equipment provider’s stock, valued at approximately $257,000.

A number of other institutional investors also recently modified their holdings of VAR. Manchester Capital Management LLC increased its holdings in Varian Medical Systems by 16.5% in the second 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 in the last quarter. Parallel Advisors LLC increased its holdings in Varian Medical Systems by 10.1% in the second quarter. Parallel Advisors LLC now owns 1,357 shares of the medical equipment provider’s stock valued at $132,000 after buying an additional 125 shares in the last quarter. Penserra Capital Management LLC increased its holdings in Varian Medical Systems by 13.0% in the second quarter. Penserra Capital Management LLC now owns 1,820 shares of the medical equipment provider’s stock valued at $187,000 after buying an additional 210 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Varian Medical Systems by 0.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,912 shares of the medical equipment provider’s stock valued at $197,000 after buying an additional 11 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Varian Medical Systems by 8.0% in the second quarter. Pacer Advisors Inc. now owns 1,960 shares of the medical equipment provider’s stock valued at $202,000 after buying an additional 145 shares in the last quarter. 99.15% of the stock is owned by institutional investors.

In related news, insider Dow R. Wilson sold 15,059 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $105.41, for a total transaction of $1,587,369.19. Following the sale, the insider now owns 81,835 shares in the company, valued at $8,626,227.35. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kolleen T. Kennedy sold 2,021 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $107.36, for a total transaction of $216,974.56. Following the sale, the executive vice president now owns 27,595 shares in the company, valued at approximately $2,962,599.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,830 shares of company stock worth $4,350,109. 0.91% of the stock is owned by company insiders.

A number of research analysts have issued reports on VAR shares. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $100.00 target price on shares of Varian Medical Systems in a report on Friday, September 1st. Robert W. Baird reissued a “hold” rating and set a $99.00 price objective on shares of Varian Medical Systems in a research note on Monday, August 28th. BTIG Research cut 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. Zacks Investment Research cut shares of Varian Medical Systems from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Finally, Citigroup raised their price objective on shares of Varian Medical Systems from $119.00 to $121.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. Varian Medical Systems has an average rating of “Hold” and an average target price of $98.39.

Shares of Varian Medical Systems, Inc. (NYSE VAR) traded down $2.85 on Tuesday, hitting $109.56. 946,800 shares of the stock were exchanged, compared to its average volume of 867,071. Varian Medical Systems, Inc. has a fifty-two week low of $76.94 and a fifty-two week high of $113.58. The stock has a market cap of $10,298.66, a PE ratio of 29.82, a price-to-earnings-growth ratio of 3.30 and a beta of 0.67.

Varian Medical Systems (NYSE:VAR) last issued its quarterly earnings data on Wednesday, October 25th. The medical equipment provider reported $1.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.10). Varian Medical Systems had a return on equity of 23.68% and a net margin of 8.85%. The business had revenue of $739.00 million for the quarter, compared to analysts’ expectations of $741.69 million. During the same period last year, the business earned $1.03 earnings per share. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. analysts expect that Varian Medical Systems, Inc. will post 4.26 earnings per share for the current year.

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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.

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

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