IFP Advisors Inc Has $129,000 Position in Varian Medical Systems, Inc. (VAR)

IFP Advisors Inc lessened its holdings in Varian Medical Systems, Inc. (NYSE:VAR) by 28.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,165 shares of the medical equipment provider’s stock after selling 474 shares during the period. IFP Advisors Inc’s holdings in Varian Medical Systems were worth $129,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Hardman Johnston Global Advisors LLC lifted its stake in shares of Varian Medical Systems by 0.5% in the 3rd quarter. Hardman Johnston Global Advisors LLC now owns 229,872 shares of the medical equipment provider’s stock valued at $23,001,000 after purchasing an additional 1,235 shares during the last quarter. State of Wisconsin Investment Board lifted its stake in shares of Varian Medical Systems by 5.0% in the 3rd quarter. State of Wisconsin Investment Board now owns 85,312 shares of the medical equipment provider’s stock valued at $8,536,000 after purchasing an additional 4,025 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of Varian Medical Systems by 7.0% in the 3rd quarter. California Public Employees Retirement System now owns 270,898 shares of the medical equipment provider’s stock valued at $27,106,000 after purchasing an additional 17,698 shares during the last quarter. Pinebridge Investments L.P. acquired a new stake in shares of Varian Medical Systems in the 3rd quarter valued at $277,000. Finally, Neuberger Berman Group LLC lifted its stake in shares of Varian Medical Systems by 1.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 158,198 shares of the medical equipment provider’s stock valued at $15,829,000 after purchasing an additional 2,104 shares during the last quarter. 99.19% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on the stock. BTIG Research reaffirmed a “hold” rating on shares of Varian Medical Systems in a research note on Sunday, January 28th. Zacks Investment Research raised shares of Varian Medical Systems from a “sell” rating to a “hold” rating in a research note on Monday, January 29th. Barrington Research raised shares of Varian Medical Systems from a “market perform” rating to an “outperform” rating and set a $130.00 price objective for the company in a research note on Thursday, January 25th. JPMorgan Chase & Co. lifted their price objective on shares of Varian Medical Systems from $88.00 to $105.00 and gave the company a “neutral” rating in a research note on Thursday, January 25th. Finally, Citigroup lifted their price objective on shares of Varian Medical Systems from $128.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $108.44.

Varian Medical Systems, Inc. (NYSE VAR) opened at $114.50 on Friday. The firm has a market cap of $10,490.00, a price-to-earnings ratio of 82.37, a price-to-earnings-growth ratio of 3.39 and a beta of 0.81. Varian Medical Systems, Inc. has a 52-week low of $79.02 and a 52-week high of $130.29.

Varian Medical Systems (NYSE:VAR) last released its earnings results on Wednesday, January 24th. The medical equipment provider reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.06. The firm had revenue of $678.50 million during the quarter, compared to analyst estimates of $633.96 million. Varian Medical Systems had a net margin of 4.27% and a return on equity of 27.13%. The business’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 EPS. equities research analysts anticipate that Varian Medical Systems, Inc. will post 4.31 earnings per share for the current year.

In other Varian Medical Systems news, Director Mark R. Laret sold 2,161 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $126.97, for a total transaction of $274,382.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP John W. Kuo sold 7,991 shares of the company’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $110.65, for a total transaction of $884,204.15. Following the transaction, the senior vice president now directly owns 27,363 shares of the company’s stock, valued at approximately $3,027,715.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 139,842 shares of company stock valued at $15,923,110. Company insiders own 0.78% of the company’s stock.

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

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