Macquarie Group Ltd. Acquires 6,700 Shares of Varian Medical Systems, Inc. (VAR)

Macquarie Group Ltd. grew its holdings in shares of Varian Medical Systems, Inc. (NYSE:VAR) by 181.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,400 shares of the medical equipment provider’s stock after purchasing an additional 6,700 shares during the period. Macquarie Group Ltd.’s holdings in Varian Medical Systems were worth $1,040,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of VAR. Manchester Capital Management LLC grew its position in shares of Varian Medical Systems by 16.5% during the second quarter. Manchester Capital Management LLC now owns 1,057 shares of the medical equipment provider’s stock worth $109,000 after buying an additional 150 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Varian Medical Systems by 10.1% during the second quarter. Parallel Advisors LLC now owns 1,357 shares of the medical equipment provider’s stock worth $132,000 after buying an additional 125 shares in the last quarter. Penserra Capital Management LLC grew its position in shares of Varian Medical Systems by 13.0% during the second quarter. Penserra Capital Management LLC now owns 1,820 shares of the medical equipment provider’s stock worth $187,000 after buying an additional 210 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Varian Medical Systems by 0.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,912 shares of the medical equipment provider’s stock worth $197,000 after buying an additional 11 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in shares of Varian Medical Systems by 8.0% during the second quarter. Pacer Advisors Inc. now owns 1,960 shares of the medical equipment provider’s stock worth $202,000 after buying an additional 145 shares in the last quarter. Institutional investors own 99.15% of the company’s stock.

VAR has been the subject of a number of analyst reports. BidaskClub raised Varian Medical Systems from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Robert W. Baird reaffirmed a “hold” rating and issued a $99.00 price target on shares of Varian Medical Systems in a report on Monday, August 28th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $100.00 price target on shares of Varian Medical Systems in a report on Friday, September 1st. BTIG Research downgraded 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, Zacks Investment Research downgraded Varian Medical Systems from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $98.39.

Varian Medical Systems, Inc. (VAR) traded up $0.02 during mid-day trading on Friday, hitting $111.98. The stock had a trading volume of 491,643 shares, compared to its average volume of 669,138. The firm has a market capitalization of $10,259.27, a P/E ratio of 29.70, a P/E/G ratio of 3.29 and a beta of 0.67. Varian Medical Systems, Inc. has a 1-year low of $76.94 and a 1-year high of $113.58.

Varian Medical Systems (NYSE:VAR) last posted its quarterly earnings data on Wednesday, October 25th. The medical equipment provider reported $1.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.10). The firm had revenue of $739.00 million during the quarter, compared to analyst estimates of $741.69 million. Varian Medical Systems had a net margin of 8.85% and a return on equity of 23.68%. Varian Medical Systems’s revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 earnings per share. equities analysts anticipate that Varian Medical Systems, Inc. will post 4.26 earnings per share for the current fiscal year.

In other news, Director R Andrew Eckert sold 5,651 shares of the company’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $102.39, for a total transaction of $578,605.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kolleen T. Kennedy sold 1,088 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $107.33, for a total value of $116,775.04. Following the sale, the executive vice president now owns 27,688 shares of the company’s stock, valued at approximately $2,971,753.04. The disclosure for this sale can be found here. Insiders have sold 26,771 shares of company stock valued at $2,762,740 in the last 90 days. Company insiders own 0.91% of the company’s stock.

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Varian Medical Systems 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.

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

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