Varian Medical Systems, Inc. (VAR) Shares Sold by Global X Management Co. LLC

Global X Management Co. LLC cut its position in shares of Varian Medical Systems, Inc. (NYSE:VAR) by 3.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,987 shares of the medical equipment provider’s stock after selling 324 shares during the period. Global X Management Co. LLC’s holdings in Varian Medical Systems were worth $824,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. First Mercantile Trust Co. increased its position in shares of Varian Medical Systems by 2.3% in the first quarter. First Mercantile Trust Co. now owns 1,093 shares of the medical equipment provider’s stock worth $100,000 after buying an additional 25 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Varian Medical Systems by 16.7% in the first quarter. Parallel Advisors LLC now owns 1,232 shares of the medical equipment provider’s stock worth $113,000 after buying an additional 176 shares in the last quarter. Heritage Trust Co bought a new position in shares of Varian Medical Systems during the first quarter worth about $118,000. Penserra Capital Management LLC increased its position in shares of Varian Medical Systems by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,610 shares of the medical equipment provider’s stock worth $146,000 after buying an additional 140 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of Varian Medical Systems by 3.1% in the first quarter. Pacer Advisors Inc. now owns 1,815 shares of the medical equipment provider’s stock worth $165,000 after buying an additional 55 shares in the last quarter. Institutional investors and hedge funds own 98.95% of the company’s stock.

Shares of Varian Medical Systems, Inc. (VAR) opened at 99.22 on Wednesday. The company has a 50-day moving average of $101.37 and a 200-day moving average of $93.90. The firm has a market capitalization of $9.11 billion, a PE ratio of 32.66 and a beta of 0.61. Varian Medical Systems, Inc. has a 52 week low of $75.20 and a 52 week high of $107.08.

Varian Medical Systems (NYSE:VAR) last issued its quarterly earnings results on Wednesday, July 26th. The medical equipment provider reported $1.04 EPS for the quarter, topping the consensus estimate of $0.95 by $0.09. Varian Medical Systems had a net margin of 9.50% and a return on equity of 24.70%. The firm had revenue of $662.40 million for the quarter, compared to analysts’ expectations of $663.86 million. During the same period in the previous year, the business earned $1.00 earnings per share. Varian Medical Systems’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities analysts forecast that Varian Medical Systems, Inc. will post $3.93 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This news story was first published by Community Financial News and is the property of of Community Financial News. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://www.com-unik.info/2017/08/16/varian-medical-systems-inc-var-shares-sold-by-global-x-management-co-llc.html.

A number of equities analysts have recently issued reports on the stock. BidaskClub upgraded shares of Varian Medical Systems from a “sell” rating to a “hold” rating in a report on Saturday. Barrington Research cut shares of Varian Medical Systems from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 27th. Jefferies Group LLC reissued a “buy” rating on shares of Varian Medical Systems in a research note on Thursday, May 11th. Royal Bank Of Canada increased their price objective on shares of Varian Medical Systems from $82.00 to $90.00 and gave the company a “sector perform” rating in a research note on Thursday, April 27th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $99.00 price objective (up from $89.00) on shares of Varian Medical Systems in a research note on Friday, July 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. Varian Medical Systems presently has an average rating of “Hold” and an average target price of $96.28.

In other Varian Medical Systems news, insider Dow R. Wilson sold 15,059 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $96.48, for a total value of $1,452,892.32. Following the sale, the insider now directly owns 81,835 shares in the company, valued at $7,895,440.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Dow R. Wilson sold 15,060 shares of the business’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $103.37, for a total transaction of $1,556,752.20. Following the completion of the sale, the insider now owns 81,836 shares in the company, valued at $8,459,387.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 159,372 shares of company stock worth $16,128,658. 0.91% of the stock is owned by company insiders.

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.

Want to see what other hedge funds are holding VAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Varian Medical Systems, Inc. (NYSE:VAR).

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