Varian Medical Systems, Inc. (VAR) Holdings Cut by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in Varian Medical Systems, Inc. (NYSE:VAR) by 1.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 429,411 shares of the medical equipment provider’s stock after selling 4,277 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.47% of Varian Medical Systems worth $42,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the business. Janus Henderson Group PLC grew its stake in shares of Varian Medical Systems by 1,545.7% during the 2nd quarter. Janus Henderson Group PLC now owns 3,754,727 shares of the medical equipment provider’s stock worth $387,450,000 after acquiring an additional 3,526,571 shares during the period. Koch Industries Inc. grew its stake in shares of Varian Medical Systems by 57,988.4% during the 2nd quarter. Koch Industries Inc. now owns 1,327,901 shares of the medical equipment provider’s stock worth $1,315,000 after acquiring an additional 1,325,615 shares during the period. APG Asset Management N.V. grew its stake in shares of Varian Medical Systems by 106.1% during 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 acquiring an additional 859,400 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Varian Medical Systems during the 2nd quarter worth $77,323,000. Finally, Old Mutual Global Investors UK Ltd. grew its stake in shares of Varian Medical Systems by 431.0% during 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 acquiring an additional 659,868 shares during the period. Hedge funds and other institutional investors own 99.15% of the company’s stock.

In other Varian Medical Systems news, EVP Kolleen T. Kennedy sold 2,021 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $107.36, for a total value of $216,974.56. Following the sale, the executive vice president now owns 27,595 shares of the company’s stock, valued at approximately $2,962,599.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Kolleen T. Kennedy sold 931 shares of the firm’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $105.00, for a total value of $97,755.00. Following the completion of the sale, the executive vice president now directly owns 27,531 shares in the company, valued at approximately $2,890,755. The disclosure for this sale can be found here. Insiders have sold a total of 41,830 shares of company stock worth $4,350,109 in the last three months. 0.91% of the stock is currently owned by insiders.

Several research firms have recently weighed in on VAR. Royal Bank Of Canada set a $105.00 price target on Varian Medical Systems and gave the stock a “hold” rating in a research note on Thursday. Citigroup increased their price target on Varian Medical Systems from $119.00 to $121.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. BTIG Research reiterated a “hold” rating on shares of Varian Medical Systems in a research note on Sunday, October 29th. Zacks Investment Research downgraded Varian Medical Systems from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Finally, Robert W. Baird reiterated a “hold” rating and set a $99.00 price target on shares of Varian Medical Systems in a research note on Monday, August 28th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $98.39.

Shares of Varian Medical Systems, Inc. (NYSE VAR) traded up $0.66 on Friday, reaching $112.41. The company had a trading volume of 757,468 shares, compared to its average volume of 705,755. The stock has a market cap of $10,298.67, a PE ratio of 29.82, a price-to-earnings-growth ratio of 3.30 and a beta of 0.67. Varian Medical Systems, Inc. has a twelve month low of $76.94 and a twelve month high of $113.19.

Varian Medical Systems (NYSE:VAR) last issued its quarterly earnings data on Wednesday, October 25th. The medical equipment provider reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.10). The company had revenue of $739.00 million for 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 revenue for the quarter was down 1.1% on a year-over-year basis. During the same period last year, the company posted $1.03 EPS. equities analysts forecast that Varian Medical Systems, Inc. will post 4.26 EPS for the current year.

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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)

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