Dean Investment Associates LLC maintained its stake in shares of Varian Medical Systems, Inc. (NYSE:VAR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,346 shares of the medical equipment provider’s stock at the end of the 2nd quarter. Dean Investment Associates LLC’s holdings in Varian Medical Systems were worth $761,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Manchester Capital Management LLC grew its position in shares of Varian Medical Systems by 16.5% in the second 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 during the period. Parallel Advisors LLC grew its position in shares of Varian Medical Systems by 16.7% in the first 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 during the period. Heritage Trust Co acquired a new stake in shares of Varian Medical Systems in the first quarter valued at about $118,000. Penserra Capital Management LLC grew its position in shares of Varian Medical Systems by 9.5% in the first 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 during the period. Finally, Pacer Advisors Inc. grew its position in shares of Varian Medical Systems by 3.1% in the first quarter. Pacer Advisors Inc. now owns 1,815 shares of the medical equipment provider’s stock valued at $165,000 after purchasing an additional 55 shares during the period. Institutional investors and hedge funds own 99.64% of the company’s stock.

Several brokerages have recently issued reports on VAR. BTIG Research lowered shares of Varian Medical Systems from a “buy” rating to a “neutral” rating in a research report on Thursday, September 7th. They noted that the move was a valuation call. Royal Bank Of Canada reiterated a “hold” rating and issued a $100.00 target price on shares of Varian Medical Systems in a research 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 report on Thursday, July 13th. Robert W. Baird reiterated a “neutral” rating and issued a $99.00 target price (up previously from $89.00) on shares of Varian Medical Systems in a research report on Friday, July 14th. Finally, BidaskClub upgraded shares of Varian Medical Systems from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. Varian Medical Systems has an average rating of “Hold” and a consensus price target of $97.39.

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Varian Medical Systems, Inc. (VAR) traded down 0.61% during trading on Friday, reaching $107.21. 97,332 shares of the company were exchanged. The stock has a 50 day moving average price of $101.40 and a 200 day moving average price of $97.21. Varian Medical Systems, Inc. has a 12 month low of $75.20 and a 12 month high of $107.87. The firm has a market capitalization of $9.84 billion, a PE ratio of 35.29 and a beta of 0.58.

Varian Medical Systems (NYSE:VAR) last posted its earnings results on Wednesday, July 26th. The medical equipment provider reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $662.40 million during the quarter, compared to the consensus estimate of $663.86 million. During the same period last year, the firm posted $1.00 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts expect that Varian Medical Systems, Inc. will post $3.93 EPS for the current fiscal year.

In other Varian Medical Systems news, EVP Kolleen T. Kennedy sold 26,092 shares of the firm’s stock in a transaction dated 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 directly owns 52,692 shares of the company’s stock, valued at approximately $5,532,660. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kolleen T. Kennedy sold 1,088 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $107.33, for a total transaction of $116,775.04. Following the sale, the executive vice president now directly owns 27,688 shares in the company, valued at $2,971,753.04. The disclosure for this sale can be found here. Insiders have sold a total of 80,879 shares of company stock valued at $8,340,117 over the last 90 days. 0.91% of the stock is currently owned by insiders.

Varian Medical Systems 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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