Varian Medical Systems, Inc. (VAR) SVP Sells $884,204.15 in Stock

Varian Medical Systems, Inc. (NYSE:VAR) SVP John W. Kuo sold 7,991 shares of Varian Medical Systems stock in a transaction on Monday, January 8th. The shares were sold at an average price of $110.65, for a total transaction of $884,204.15. Following the sale, the senior vice president now directly owns 27,363 shares of the company’s stock, valued at approximately $3,027,715.95. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Varian Medical Systems, Inc. (NYSE VAR) opened at $108.49 on Friday. The firm has a market cap of $9,940.00, a price-to-earnings ratio of 39.31, a price-to-earnings-growth ratio of 3.26 and a beta of 0.68. Varian Medical Systems, Inc. has a 52-week low of $75.54 and a 52-week high of $114.09.

Varian Medical Systems (NYSE:VAR) last released its earnings results on Wednesday, October 25th. The medical equipment provider reported $1.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.10). The firm had revenue of $739.00 million for the quarter, compared to analyst estimates of $741.69 million. Varian Medical Systems had a return on equity of 23.68% and a net margin of 8.85%. The firm’s revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 EPS. equities research analysts anticipate that Varian Medical Systems, Inc. will post 4.25 earnings per share for the current year.

VAR has been the subject of several analyst reports. Royal Bank of Canada set a $105.00 price objective on shares of Varian Medical Systems and gave the company a “hold” rating in a research note on Thursday, November 30th. Evercore ISI initiated coverage on shares of Varian Medical Systems in a research note on Wednesday, January 3rd. They issued an “underperform” rating and a $100.00 price objective for the company. Citigroup lifted their price objective on shares of Varian Medical Systems from $119.00 to $121.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. BTIG Research reaffirmed a “hold” rating on shares of Varian Medical Systems in a research note on Sunday, October 29th. Finally, Zacks Investment Research lowered shares of Varian Medical Systems from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $100.44.

A number of institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. lifted its position in Varian Medical Systems by 0.6% during 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. People s United Financial Inc. lifted its position in Varian Medical Systems by 0.6% during the 2nd quarter. People s United Financial Inc. now owns 6,279 shares of the medical equipment provider’s stock worth $648,000 after acquiring an additional 40 shares during the last quarter. Thrivent Financial For Lutherans lifted its position in Varian Medical Systems by 1.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 3,480 shares of the medical equipment provider’s stock worth $359,000 after acquiring an additional 50 shares during the last quarter. Keybank National Association OH lifted its position in Varian Medical Systems by 1.4% during the 2nd quarter. Keybank National Association OH now owns 4,487 shares of the medical equipment provider’s stock worth $463,000 after acquiring an additional 63 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in Varian Medical Systems by 4.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 3,250 shares of the medical equipment provider’s stock worth $335,000 after acquiring an additional 141 shares during the last quarter. 99.10% of the stock is owned by hedge funds and other institutional investors.

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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.

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