American Century Companies Inc. Grows Position in Varian Medical Systems, Inc. (VAR)

American Century Companies Inc. boosted its holdings in Varian Medical Systems, Inc. (NYSE:VAR) by 313.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 568,237 shares of the medical equipment provider’s stock after purchasing an additional 430,934 shares during the quarter. American Century Companies Inc. owned 0.62% of Varian Medical Systems worth $63,160,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of VAR. APG Asset Management N.V. raised its stake in Varian Medical Systems by 106.1% in the 3rd quarter. APG Asset Management N.V. now owns 1,669,419 shares of the medical equipment provider’s stock worth $167,042,000 after purchasing an additional 859,400 shares in the last quarter. Old Mutual Global Investors UK Ltd. raised its stake in Varian Medical Systems by 431.0% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 812,983 shares of the medical equipment provider’s stock worth $81,347,000 after purchasing an additional 659,868 shares in the last quarter. Renaissance Group LLC acquired a new stake in Varian Medical Systems in the 3rd quarter worth about $31,822,000. Alyeska Investment Group L.P. acquired a new stake in Varian Medical Systems in the 3rd quarter worth about $24,607,000. Finally, JPMorgan Chase & Co. raised its stake in Varian Medical Systems by 199.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 350,523 shares of the medical equipment provider’s stock worth $34,958,000 after purchasing an additional 233,547 shares in the last quarter. Institutional investors and hedge funds own 99.19% of the company’s stock.

VAR has been the subject of several analyst reports. 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. Citigroup lifted 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. Barrington Research upgraded shares of Varian Medical Systems from a “market perform” rating to an “outperform” rating and set a $130.00 price objective for the company in a research note on Thursday, January 25th. Royal Bank of Canada set a $105.00 target price on shares of Varian Medical Systems and gave the company a “hold” rating in a research report on Thursday, November 30th. Finally, Evercore ISI started coverage on shares of Varian Medical Systems in a research report on Wednesday, January 3rd. They issued an “underperform” rating and a $100.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $108.44.

In other Varian Medical Systems news, insider Dow R. Wilson sold 24,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $126.73, for a total transaction of $3,041,520.00. Following the sale, the insider now directly owns 90,776 shares of the company’s stock, valued at approximately $11,504,042.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dow R. Wilson sold 88,766 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $111.00, for a total transaction of $9,853,026.00. Following the completion of the transaction, the insider now owns 155,542 shares in the company, valued at approximately $17,265,162. The disclosure for this sale can be found here. Insiders have sold a total of 156,166 shares of company stock worth $17,886,310 over the last ninety days. 0.78% of the stock is currently owned by insiders.

Shares of Varian Medical Systems, Inc. (NYSE VAR) traded down $0.61 during trading hours on Friday, hitting $121.26. 543,786 shares of the stock traded hands, compared to its average volume of 1,102,285. The firm has a market cap of $11,071.04, a PE ratio of 97.01, a PEG ratio of 3.52 and a beta of 0.81. Varian Medical Systems, Inc. has a one year low of $81.55 and a one year high of $130.29.

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

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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.

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

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