Ajo LP grew its holdings in Varian Medical Systems, Inc. (NYSE:VAR) by 21.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 331,548 shares of the medical equipment provider’s stock after purchasing an additional 58,021 shares during the quarter. Ajo LP owned approximately 0.36% of Varian Medical Systems worth $34,212,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Manchester Capital Management LLC raised its holdings in shares of Varian Medical Systems by 16.5% in the 2nd quarter. Manchester Capital Management LLC now owns 1,057 shares of the medical equipment provider’s stock valued at $109,000 after purchasing an additional 150 shares in the last quarter. First Mercantile Trust Co. raised its holdings in shares of Varian Medical Systems by 2.3% in the 1st quarter. First Mercantile Trust Co. now owns 1,093 shares of the medical equipment provider’s stock valued at $100,000 after purchasing an additional 25 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Varian Medical Systems by 16.7% in the 1st quarter. Parallel Advisors LLC now owns 1,232 shares of the medical equipment provider’s stock valued at $113,000 after purchasing an additional 176 shares in the last quarter. Heritage Trust Co bought a new stake in shares of Varian Medical Systems in the 1st quarter valued at about $118,000. Finally, Penserra Capital Management LLC raised its holdings in shares of Varian Medical Systems by 9.5% in the 1st quarter. Penserra Capital Management LLC now owns 1,610 shares of the medical equipment provider’s stock valued at $146,000 after purchasing an additional 140 shares in the last quarter. Institutional investors and hedge funds own 99.64% of the company’s stock.

In other Varian Medical Systems news, EVP Kolleen T. Kennedy sold 26,092 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $105.00, for a total transaction of $2,739,660.00. Following the sale, the executive vice president now owns 52,692 shares of the company’s stock, valued at $5,532,660. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Dow R. Wilson sold 15,059 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $105.41, for a total transaction of $1,587,369.19. Following the sale, the insider now directly owns 81,835 shares in the company, valued at approximately $8,626,227.35. The disclosure for this sale can be found here. Insiders sold 78,858 shares of company stock valued at $8,123,240 in the last quarter. 0.91% of the stock is owned by insiders.

Several research firms have recently commented on VAR. BTIG Research lowered shares of 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. Royal Bank Of Canada restated a “hold” rating and issued a $100.00 price target on shares of Varian Medical Systems in a report on Friday, September 1st. Zacks Investment Research lowered shares of Varian Medical Systems from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Robert W. Baird reiterated a “neutral” rating and set a $99.00 price objective (up previously from $89.00) on shares of Varian Medical Systems in a research note on Friday, July 14th. Finally, BidaskClub upgraded shares of Varian Medical Systems from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Varian Medical Systems currently has a consensus rating of “Hold” and an average target price of $97.39.

Varian Medical Systems, Inc. (VAR) opened at 107.73 on Wednesday. The company has a market cap of $9.89 billion, a price-to-earnings ratio of 35.46 and a beta of 0.58. Varian Medical Systems, Inc. has a 1-year low of $75.20 and a 1-year high of $107.77. The company’s 50 day moving average is $101.04 and its 200 day moving average is $96.89.

Varian Medical Systems (NYSE:VAR) last issued its quarterly earnings results on Wednesday, July 26th. The medical equipment provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.09. Varian Medical Systems had a net margin of 9.50% and a return on equity of 24.70%. The company had revenue of $662.40 million during the quarter, compared to the consensus estimate of $663.86 million. During the same quarter in the previous year, the firm earned $1.00 earnings per share. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts forecast that Varian Medical Systems, Inc. will post $3.93 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This piece of content was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/09/13/ajo-lp-acquires-58021-shares-of-varian-medical-systems-inc-var.html.

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.

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

Receive News & Stock Ratings for Varian Medical Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varian Medical Systems Inc. and related stocks with our FREE daily email newsletter.