Varian Medical Systems, Inc. (NYSE:VAR) Insider Dow R. Wilson Sells 15,059 Shares

Varian Medical Systems, Inc. (NYSE:VAR) insider Dow R. Wilson sold 15,059 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 81,835 shares of the company’s stock, valued at approximately $7,895,440.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Varian Medical Systems, Inc. (NYSE:VAR) opened at 100.50 on Friday. The company has a market capitalization of $9.23 billion, a P/E ratio of 33.08 and a beta of 0.61. Varian Medical Systems, Inc. has a 1-year low of $75.20 and a 1-year high of $107.08. The firm’s 50 day moving average price is $101.14 and its 200-day moving average price is $94.15.

Varian Medical Systems (NYSE:VAR) last released its quarterly earnings results on Wednesday, July 26th. The medical equipment provider reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.09. Varian Medical Systems had a return on equity of 24.70% and a net margin of 9.50%. The company had revenue of $662.40 million during the quarter, compared to analysts’ expectations of $663.86 million. During the same period last year, the business posted $1.00 earnings per share. The firm’s revenue was up 3.0% compared to the same quarter last year. Analysts expect that Varian Medical Systems, Inc. will post $3.93 EPS for the current year.

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Several brokerages have commented on VAR. Barrington Research lowered Varian Medical Systems from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 27th. BidaskClub raised Varian Medical Systems from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 22nd. Aegis reaffirmed a “hold” rating and issued a $91.00 price target on shares of Varian Medical Systems in a research report on Wednesday, May 17th. Goldman Sachs Group, Inc. (The) began coverage on Varian Medical Systems in a research report on Tuesday, May 16th. They issued a “neutral” rating and a $92.00 price target for the company. Finally, Royal Bank Of Canada lifted their price target on Varian Medical Systems from $82.00 to $90.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 27th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $96.28.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Varian Medical Systems by 1.7% in the second quarter. Vanguard Group Inc. now owns 9,157,677 shares of the medical equipment provider’s stock worth $944,980,000 after buying an additional 150,482 shares in the last quarter. BlackRock Inc. raised its position in shares of Varian Medical Systems by 6.6% in the second quarter. BlackRock Inc. now owns 8,423,626 shares of the medical equipment provider’s stock worth $869,233,000 after buying an additional 523,858 shares in the last quarter. First Eagle Investment Management LLC raised its position in shares of Varian Medical Systems by 0.8% in the second quarter. First Eagle Investment Management LLC now owns 4,679,471 shares of the medical equipment provider’s stock worth $482,875,000 after buying an additional 38,005 shares in the last quarter. State Street Corp raised its position in shares of Varian Medical Systems by 1.3% in the first quarter. State Street Corp now owns 4,324,762 shares of the medical equipment provider’s stock worth $394,109,000 after buying an additional 57,090 shares in the last quarter. Finally, Janus Capital Management LLC raised its position in shares of Varian Medical Systems by 8.5% in the first quarter. Janus Capital Management LLC now owns 3,932,124 shares of the medical equipment provider’s stock worth $358,332,000 after buying an additional 306,975 shares in the last quarter. 98.95% of the stock is currently owned by institutional investors and hedge funds.

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.

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