Dimensional Fund Advisors LP Purchases 2,764 Shares of Varian Medical Systems, Inc. (VAR)

Dimensional Fund Advisors LP increased its position in Varian Medical Systems, Inc. (NYSE:VAR) by 0.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 313,073 shares of the medical equipment provider’s stock after acquiring an additional 2,764 shares during the quarter. Dimensional Fund Advisors LP owned about 0.34% of Varian Medical Systems worth $32,305,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in VAR. Manchester Capital Management LLC increased its holdings in Varian Medical Systems by 16.5% in the 2nd quarter. Manchester Capital Management LLC now owns 1,057 shares of the medical equipment provider’s stock worth $109,000 after acquiring an additional 150 shares during the last quarter. Parallel Advisors LLC increased its holdings in Varian Medical Systems by 10.1% in the 2nd quarter. Parallel Advisors LLC now owns 1,357 shares of the medical equipment provider’s stock worth $132,000 after acquiring an additional 125 shares during the last quarter. Penserra Capital Management LLC increased its holdings in Varian Medical Systems by 13.0% in the 2nd quarter. Penserra Capital Management LLC now owns 1,820 shares of the medical equipment provider’s stock worth $187,000 after acquiring an additional 210 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Varian Medical Systems by 0.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,912 shares of the medical equipment provider’s stock worth $197,000 after acquiring an additional 11 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Varian Medical Systems by 8.0% in the 2nd quarter. Pacer Advisors Inc. now owns 1,960 shares of the medical equipment provider’s stock worth $202,000 after acquiring an additional 145 shares during the last quarter. 99.15% of the stock is owned by institutional investors.

In related news, EVP Kolleen T. Kennedy sold 1,088 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $107.33, for a total transaction of $116,775.04. Following the completion of the sale, the executive vice president now owns 27,688 shares in the company, valued at $2,971,753.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dow R. Wilson sold 15,059 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $96.48, for a total value of $1,452,892.32. Following the sale, the insider now owns 81,835 shares of the company’s stock, valued at approximately $7,895,440.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,887 shares of company stock valued at $5,790,308. Company insiders own 0.91% of the company’s stock.

A number of research analysts have weighed in on the company. Robert W. Baird reaffirmed a “neutral” rating and set a $99.00 target price (up previously from $89.00) on shares of Varian Medical Systems in a report on Friday, July 14th. Zacks Investment Research lowered Varian Medical Systems from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. BidaskClub lowered Varian Medical Systems from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. BTIG Research lowered Varian Medical Systems from a “buy” rating to a “neutral” rating in a report on Thursday, September 7th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $100.00 target price on shares of Varian Medical Systems in a report on Friday, September 1st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. Varian Medical Systems currently has an average rating of “Hold” and a consensus target price of $97.83.

Shares of Varian Medical Systems, Inc. (NYSE VAR) opened at 104.19 on Wednesday. Varian Medical Systems, Inc. has a 12 month low of $75.20 and a 12 month high of $108.78. The company has a market cap of $9.56 billion, a P/E ratio of 34.30 and a beta of 0.56. The stock’s 50 day moving average price is $104.08 and its 200-day moving average price is $100.70.

Varian Medical Systems (NYSE:VAR) last issued its quarterly earnings results on Wednesday, October 25th. The medical equipment provider reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.10). The company had revenue of $739.00 million during the quarter, compared to analysts’ expectations of $741.69 million. Varian Medical Systems had a return on equity of 23.68% and a net margin of 8.85%. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 EPS. Equities research analysts expect that Varian Medical Systems, Inc. will post $4.26 earnings per share for the current year.

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

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