Varian Medical Systems Inc. (NYSE:VAR) insider Dow R. Wilson sold 10,000 shares of the company’s stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $99.44, for a total transaction of $994,400.00. Following the transaction, the insider now owns 70,598 shares of the company’s stock, valued at $7,020,265.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Varian Medical Systems Inc. (NYSE:VAR) opened at 98.87 on Friday. The company has a market cap of $9.23 billion, a PE ratio of 25.09 and a beta of 0.71. Varian Medical Systems Inc. has a 12 month low of $73.18 and a 12 month high of $100.07. The firm’s 50-day moving average is $96.65 and its 200-day moving average is $87.65.

Varian Medical Systems (NYSE:VAR) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $1.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.05. Varian Medical Systems had a net margin of 12.28% and a return on equity of 25.01%. The firm earned $789.40 million during the quarter, compared to the consensus estimate of $779.90 million. During the same period last year, the firm earned $1.15 EPS. The business’s quarterly revenue was up .7% compared to the same quarter last year. On average, equities research analysts predict that Varian Medical Systems Inc. will post $4.64 earnings per share for the current year.

Insider Buying and Selling by Quarter for Varian Medical Systems (NYSE:VAR)

A number of hedge funds and other institutional investors have recently made changes to their positions in VAR. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Varian Medical Systems by 43.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 23,428 shares of the company’s stock valued at $1,875,000 after buying an additional 7,105 shares during the last quarter. BlackRock Group LTD increased its position in shares of Varian Medical Systems by 8.0% in the first quarter. BlackRock Group LTD now owns 976,124 shares of the company’s stock valued at $78,109,000 after buying an additional 71,933 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of Varian Medical Systems by 10.7% in the first quarter. BlackRock Fund Advisors now owns 2,826,016 shares of the company’s stock valued at $226,138,000 after buying an additional 272,924 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Varian Medical Systems by 43.4% in the first quarter. JPMorgan Chase & Co. now owns 59,346 shares of the company’s stock valued at $4,748,000 after buying an additional 17,966 shares during the last quarter. Finally, Acrospire Investment Management LLC purchased a new position in shares of Varian Medical Systems during the first quarter valued at approximately $104,000. 99.65% of the stock is owned by hedge funds and other institutional investors.

VAR has been the subject of several research analyst reports. Jefferies Group reiterated a “buy” rating on shares of Varian Medical Systems in a report on Friday, June 10th. Brean Capital reissued a “buy” rating on shares of Varian Medical Systems in a research note on Thursday, June 23rd. BTIG Research reissued a “hold” rating on shares of Varian Medical Systems in a research note on Wednesday, June 22nd. Zacks Investment Research cut shares of Varian Medical Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Finally, Citigroup Inc. boosted their price objective on shares of Varian Medical Systems from $84.00 to $88.00 and gave the stock a “neutral” rating in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Varian Medical Systems currently has a consensus rating of “Hold” and a consensus price target of $91.33.

About Varian Medical Systems

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. The Company is a supplier of X-ray imaging components for medical, scientific, and industrial applications and supplies X-ray imaging products for cargo screening and industrial inspection.

5 Day Chart for NYSE:VAR

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