Varian Medical Systems, Inc. (VAR) Shares Bought by GSA Capital Partners LLP

GSA Capital Partners LLP raised its holdings in Varian Medical Systems, Inc. (NYSE:VAR) by 21.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,145 shares of the medical equipment provider’s stock after buying an additional 2,303 shares during the period. GSA Capital Partners LLP’s holdings in Varian Medical Systems were worth $1,315,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in VAR. Manchester Capital Management LLC boosted its holdings in Varian Medical Systems by 16.5% in the 2nd quarter. Manchester Capital Management LLC now owns 1,057 shares of the medical equipment provider’s stock valued at $109,000 after purchasing an additional 150 shares during the period. Parallel Advisors LLC boosted its holdings in Varian Medical Systems by 10.1% in the 2nd quarter. Parallel Advisors LLC now owns 1,357 shares of the medical equipment provider’s stock valued at $132,000 after purchasing an additional 125 shares during the period. Penserra Capital Management LLC lifted its holdings in shares of Varian Medical Systems by 13.0% during the 2nd quarter. Penserra Capital Management LLC now owns 1,820 shares of the medical equipment provider’s stock worth $187,000 after acquiring an additional 210 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Varian Medical Systems by 0.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,912 shares of the medical equipment provider’s stock worth $197,000 after acquiring an additional 11 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in shares of Varian Medical Systems by 8.0% during the 2nd quarter. Pacer Advisors Inc. now owns 1,960 shares of the medical equipment provider’s stock worth $202,000 after acquiring an additional 145 shares during the period. Institutional investors and hedge funds own 99.10% of the company’s stock.

Varian Medical Systems, Inc. (VAR) traded down $3.04 on Friday, hitting $108.49. 1,462,201 shares of the stock traded hands, compared to its average volume of 634,874. The firm has a market capitalization of $9,940.00, a PE ratio of 39.31, a PEG ratio of 3.26 and a beta of 0.68. Varian Medical Systems, Inc. has a 52 week low of $75.54 and a 52 week high of $114.09.

Varian Medical Systems (NYSE:VAR) last issued its earnings results 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 company 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%. The firm’s revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 earnings per share. equities research analysts expect that Varian Medical Systems, Inc. will post 4.25 EPS for the current fiscal year.

In related news, insider Dow R. Wilson sold 88,766 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $111.00, for a total transaction of $9,853,026.00. Following the transaction, the insider now directly owns 155,542 shares of the company’s stock, valued at $17,265,162. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John W. Kuo sold 7,991 shares of the firm’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $110.65, for a total transaction of $884,204.15. Following the transaction, the senior vice president now directly owns 27,363 shares in the company, valued at $3,027,715.95. The disclosure for this sale can be found here. Insiders sold 111,727 shares of company stock worth $12,392,515 over the last ninety days. Insiders own 0.78% of the company’s stock.

VAR has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Varian Medical Systems from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Royal Bank of Canada set a $105.00 price objective on shares of Varian Medical Systems and gave the company a “hold” rating in a research note on Thursday, November 30th. Citigroup increased their price objective on shares of Varian Medical Systems from $119.00 to $121.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Evercore ISI initiated coverage on shares of Varian Medical Systems in a research note on Wednesday, January 3rd. They issued an “underperform” rating and a $100.00 price objective for the company. Finally, BTIG Research restated a “hold” rating on shares of Varian Medical Systems in a research report on Sunday, October 29th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $100.44.

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About Varian Medical Systems

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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