Varian Medical Systems, Inc. (VAR) EVP Sells $225,955.46 in Stock

Varian Medical Systems, Inc. (NYSE:VAR) EVP Kolleen T. Kennedy sold 2,018 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $111.97, for a total value of $225,955.46. Following the completion of the transaction, the executive vice president now directly owns 27,749 shares of the company’s stock, valued at $3,107,055.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Varian Medical Systems, Inc. (NYSE VAR) traded up $0.97 during mid-day trading on Wednesday, hitting $112.42. The stock had a trading volume of 1,054,644 shares, compared to its average volume of 859,464. The firm has a market capitalization of $10,300.00, a PE ratio of 29.49, a P/E/G ratio of 3.27 and a beta of 0.68. Varian Medical Systems, Inc. has a 52 week low of $76.94 and a 52 week 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 for the quarter, missing the consensus estimate of $1.19 by ($0.10). The firm had revenue of $739.00 million for the quarter, compared to analyst estimates of $741.69 million. Varian Medical Systems had a return on equity of 23.68% and a net margin of 8.85%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.03 earnings per share. equities analysts predict that Varian Medical Systems, Inc. will post 4.26 EPS for the current year.

Several hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP raised its holdings in Varian Medical Systems by 21.2% during the third quarter. GSA Capital Partners LLP now owns 13,145 shares of the medical equipment provider’s stock worth $1,315,000 after acquiring an additional 2,303 shares in the last quarter. Americafirst Capital Management LLC bought a new stake in Varian Medical Systems during the third quarter worth about $665,000. IFM Investors Pty Ltd bought a new stake in Varian Medical Systems during the third quarter worth about $248,000. Sterling Capital Management LLC raised its holdings in Varian Medical Systems by 19.5% during the third quarter. Sterling Capital Management LLC now owns 4,099 shares of the medical equipment provider’s stock worth $410,000 after acquiring an additional 670 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its holdings in Varian Medical Systems by 1.3% during the third quarter. Neuberger Berman Group LLC now owns 158,198 shares of the medical equipment provider’s stock worth $15,829,000 after acquiring an additional 2,104 shares in the last quarter. 99.15% of the stock is owned by institutional investors.

A number of research firms have issued reports on VAR. BTIG Research cut 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. Citigroup boosted their target price on Varian Medical Systems from $119.00 to $121.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Royal Bank of Canada set a $105.00 price objective on Varian Medical Systems and gave the stock a “hold” rating in a research report on Thursday, November 30th. Robert W. Baird reaffirmed a “hold” rating and set a $99.00 price objective on shares of Varian Medical Systems in a research report on Monday, August 28th. Finally, Zacks Investment Research cut Varian Medical Systems from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. Varian Medical Systems currently has a consensus rating of “Hold” and an average target price of $98.39.

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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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