Varian Medical Systems, Inc. (VAR) Position Maintained by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC continued to hold its stake in Varian Medical Systems, Inc. (NYSE:VAR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,643 shares of the medical equipment provider’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Varian Medical Systems were worth $4,194,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Federated Investors Inc. PA bought a new stake in Varian Medical Systems during the fourth quarter valued at about $200,000. FMR LLC increased its position in shares of Varian Medical Systems by 6.5% in the fourth quarter. FMR LLC now owns 237,206 shares of the medical equipment provider’s stock valued at $21,297,000 after buying an additional 14,506 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Varian Medical Systems by 6.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 3,240 shares of the medical equipment provider’s stock valued at $291,000 after buying an additional 190 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Varian Medical Systems by 3.9% in the fourth quarter. Teachers Advisors LLC now owns 107,778 shares of the medical equipment provider’s stock valued at $9,676,000 after buying an additional 4,000 shares during the last quarter. Finally, Kentucky Retirement Systems acquired a new position in shares of Varian Medical Systems during the fourth quarter valued at approximately $609,000. 99.27% of the stock is owned by institutional investors and hedge funds.

Shares of Varian Medical Systems, Inc. (VAR) opened at 97.74 on Friday. The stock has a market cap of $8.97 billion, a price-to-earnings ratio of 32.17 and a beta of 0.61. The stock’s 50 day moving average price is $101.70 and its 200 day moving average price is $93.39. Varian Medical Systems, Inc. has a one year low of $75.20 and a one year high of $107.08.

Varian Medical Systems (NYSE:VAR) last announced its quarterly earnings data on Wednesday, July 26th. The medical equipment provider reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.09. The company had revenue of $662.40 million during the quarter, compared to analyst estimates of $663.86 million. Varian Medical Systems had a net margin of 9.50% and a return on equity of 24.70%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the business earned $1.00 EPS. Analysts forecast that Varian Medical Systems, Inc. will post $3.94 earnings per share for the current year.

WARNING: This report was first posted by Community Financial News and is the property of of Community Financial News. If you are reading this report on another website, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this report can be viewed at https://www.com-unik.info/2017/08/12/nisa-investment-advisors-llc-maintains-position-in-varian-medical-systems-inc-var-updated-updated.html.

A number of equities research analysts recently commented on VAR shares. Off Wall Street initiated coverage on Varian Medical Systems in a research report on Monday, April 24th. They issued a “sell” rating on the stock. Robert W. Baird restated a “neutral” rating and set a $99.00 price objective (up from $89.00) on shares of Varian Medical Systems in a research report on Friday, July 14th. BidaskClub cut Varian Medical Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Zacks Investment Research cut Varian Medical Systems from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, Jefferies Group LLC reaffirmed a “buy” rating on shares of Varian Medical Systems in a research note on Thursday, May 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $96.28.

In other news, SVP John W. Kuo sold 19,819 shares of Varian Medical Systems stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $99.67, for a total value of $1,975,359.73. Following the completion of the transaction, the senior vice president now directly owns 47,180 shares of the company’s stock, valued at approximately $4,702,430.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Dow R. Wilson sold 15,059 shares of Varian Medical Systems stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $96.48, for a total transaction of $1,452,892.32. Following the completion of the sale, the insider now owns 81,835 shares in the company, valued at $7,895,440.80. The disclosure for this sale can be found here. Insiders sold a total of 158,284 shares of company stock valued at $16,022,132 over the last ninety days. Company insiders own 0.91% of the company’s stock.

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.

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

What are top analysts saying about Varian Medical Systems Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Varian Medical Systems Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit