Aperio Group LLC cut its position in Varian Medical Systems, Inc. (NYSE:VAR) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 93,268 shares of the medical equipment provider’s stock after selling 505 shares during the period. Aperio Group LLC’s holdings in Varian Medical Systems were worth $10,367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently added to or reduced their stakes in the company. Catawba Capital Management VA bought a new stake in shares of Varian Medical Systems during the 4th quarter valued at $210,000. Convergence Investment Partners LLC bought a new stake in shares of Varian Medical Systems during the 3rd quarter valued at $219,000. Advisor Partners LLC bought a new stake in shares of Varian Medical Systems during the 4th quarter valued at $223,000. Parametrica Management Ltd bought a new stake in shares of Varian Medical Systems during the 3rd quarter valued at $229,000. Finally, Zions Bancorporation bought a new stake in shares of Varian Medical Systems during the 3rd quarter valued at $241,000. Hedge funds and other institutional investors own 99.19% of the company’s stock.
In other Varian Medical Systems news, EVP Kolleen T. Kennedy sold 2,021 shares of the company’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 completion of the transaction, the executive vice president now owns 27,595 shares of the company’s stock, valued at approximately $2,962,599.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mark R. Laret sold 2,161 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $126.97, for a total value of $274,382.17. The disclosure for this sale can be found here. In the last ninety days, insiders sold 139,842 shares of company stock valued at $15,923,110. Insiders own 0.78% of the company’s stock.
Varian Medical Systems (NYSE:VAR) last issued its earnings results on Wednesday, January 24th. The medical equipment provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.06. Varian Medical Systems had a return on equity of 27.13% and a net margin of 4.27%. The business had revenue of $678.50 million during the quarter, compared to analysts’ expectations of $633.96 million. During the same quarter in the prior year, the firm earned $1.09 EPS. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. equities analysts forecast that Varian Medical Systems, Inc. will post 4.31 EPS for the current year.
Several analysts recently weighed in on VAR shares. Zacks Investment Research downgraded Varian Medical Systems from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Citigroup upped their price objective on Varian Medical Systems from $119.00 to $121.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Evercore ISI started coverage on Varian Medical Systems in a research report on Wednesday, January 3rd. They set an “underperform” rating and a $100.00 price objective for the company. BTIG Research restated a “hold” rating on shares of Varian Medical Systems in a research report on Sunday, October 29th. Finally, JPMorgan Chase & Co. upped their price objective on Varian Medical Systems from $88.00 to $105.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $108.44.
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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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