KBC Group NV Sells 11,990 Shares of Varian Medical Systems, Inc. (VAR)

KBC Group NV trimmed its stake in shares of Varian Medical Systems, Inc. (NYSE:VAR) by 21.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,893 shares of the medical equipment provider’s stock after selling 11,990 shares during the quarter. KBC Group NV’s holdings in Varian Medical Systems were worth $4,990,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of VAR. Thrivent Financial For Lutherans lifted its holdings in shares of Varian Medical Systems by 1.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 3,480 shares of the medical equipment provider’s stock valued at $359,000 after buying an additional 50 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Varian Medical Systems by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 313,073 shares of the medical equipment provider’s stock valued at $32,305,000 after buying an additional 2,764 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Varian Medical Systems by 4.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 3,250 shares of the medical equipment provider’s stock valued at $335,000 after buying an additional 141 shares during the period. Bank of Nova Scotia lifted its holdings in shares of Varian Medical Systems by 8.2% in the 2nd quarter. Bank of Nova Scotia now owns 20,827 shares of the medical equipment provider’s stock valued at $2,149,000 after buying an additional 1,585 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in shares of Varian Medical Systems in the 2nd quarter valued at approximately $662,000. 99.19% of the stock is owned by institutional investors and hedge funds.

Varian Medical Systems, Inc. (NYSE VAR) opened at $121.26 on Friday. Varian Medical Systems, Inc. has a one year low of $81.55 and a one year high of $130.29. The firm has a market capitalization of $11,126.76, a P/E ratio of 97.01, a P/E/G ratio of 3.54 and a beta of 0.81.

Varian Medical Systems (NYSE:VAR) last released its quarterly earnings data on Wednesday, January 24th. The medical equipment provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.06. Varian Medical Systems had a return on equity of 27.13% and a net margin of 4.27%. The firm had revenue of $678.50 million during the quarter, compared to the consensus estimate of $633.96 million. During the same period last year, the business posted $1.09 EPS. Varian Medical Systems’s quarterly revenue was up 12.8% on a year-over-year basis. analysts predict that Varian Medical Systems, Inc. will post 4.31 EPS for the current year.

Several research firms have recently commented on VAR. TheStreet cut Varian Medical Systems from a “b+” rating to a “c” rating in a report on Monday, February 12th. Zacks Investment Research raised Varian Medical Systems from a “sell” rating to a “hold” rating in a report on Monday, January 29th. BTIG Research reissued a “hold” rating on shares of Varian Medical Systems in a report on Sunday, January 28th. JPMorgan Chase & Co. raised their price target on Varian Medical Systems from $88.00 to $105.00 and gave the company a “neutral” rating in a report on Thursday, January 25th. Finally, Barrington Research raised Varian Medical Systems from a “market perform” rating to an “outperform” rating and set a $130.00 price target for the company in a report on Thursday, January 25th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $108.44.

In related news, SVP John W. Kuo sold 7,991 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $110.65, for a total value of $884,204.15. Following the completion of the transaction, the senior vice president now directly owns 27,363 shares of the company’s stock, valued at approximately $3,027,715.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy E. Guertin sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $111.46, for a total value of $1,114,600.00. Following the completion of the transaction, the director now directly owns 2,161 shares of the company’s stock, valued at $240,865.06. The disclosure for this sale can be found here. Insiders sold a total of 156,166 shares of company stock valued at $17,886,310 over the last ninety days. 0.78% of the stock is currently owned by company insiders.

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Varian Medical Systems 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.

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

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