Varian Medical Systems, Inc. (NYSE:VAR) Director Sells $1,114,600.00 in Stock

Varian Medical Systems, Inc. (NYSE:VAR) Director Timothy E. Guertin sold 10,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $111.46, for a total transaction of $1,114,600.00. Following the transaction, the director now directly owns 2,161 shares of the company’s stock, valued at $240,865.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Varian Medical Systems, Inc. (VAR) traded down $1.25 during mid-day trading on Thursday, reaching $111.68. 472,300 shares of the company’s stock traded hands, compared to its average volume of 665,657. The company has a market capitalization of $10,230.00, a P/E ratio of 40.46, a price-to-earnings-growth ratio of 3.26 and a beta of 0.68. Varian Medical Systems, Inc. has a 12 month low of $76.94 and a 12 month high of $114.09.

Varian Medical Systems (NYSE:VAR) last posted its quarterly earnings data on Wednesday, October 25th. The medical equipment provider reported $1.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.10). The firm had revenue of $739.00 million for the quarter, compared to the consensus estimate of $741.69 million. Varian Medical Systems had a return on equity of 23.68% and a net margin of 8.85%. Varian Medical Systems’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 earnings per share. equities research analysts forecast that Varian Medical Systems, Inc. will post 4.25 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the company. Pensionfund Sabic acquired a new position in shares of Varian Medical Systems in the 4th quarter valued at $1,556,000. Pensionfund DSM Netherlands bought a new stake in shares of Varian Medical Systems in the 4th quarter worth about $3,001,000. Parametric Portfolio Associates LLC grew its holdings in shares of Varian Medical Systems by 4.2% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 631,098 shares of the medical equipment provider’s stock worth $63,148,000 after purchasing an additional 25,238 shares during the last quarter. GSA Capital Partners LLP grew its holdings in shares of Varian Medical Systems by 21.2% in the 3rd quarter. GSA Capital Partners LLP now owns 13,145 shares of the medical equipment provider’s stock worth $1,315,000 after purchasing an additional 2,303 shares during the last quarter. Finally, Americafirst Capital Management LLC bought a new stake in shares of Varian Medical Systems in the 3rd quarter worth about $665,000. Institutional investors own 99.10% of the company’s stock.

A number of analysts have commented on VAR shares. BTIG Research reiterated a “hold” rating on shares of Varian Medical Systems in a report on Sunday, October 29th. Royal Bank of Canada set a $105.00 price target on shares of Varian Medical Systems and gave the company a “hold” rating in a report on Thursday, November 30th. Citigroup boosted their price target on shares of Varian Medical Systems from $119.00 to $121.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Zacks Investment Research lowered shares of Varian Medical Systems from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Finally, Evercore ISI started coverage on shares of Varian Medical Systems in a report on Wednesday, January 3rd. They set an “underperform” rating and a $100.00 price target on the stock. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $100.44.

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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.

Insider Buying and Selling by Quarter for Varian Medical Systems (NYSE:VAR)

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