California Public Employees Retirement System increased its holdings in Varian Medical Systems, Inc. (NYSE:VAR) by 1.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 253,200 shares of the medical equipment provider’s stock after buying an additional 2,600 shares during the quarter. California Public Employees Retirement System owned 0.28% of Varian Medical Systems worth $26,128,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Manchester Capital Management LLC lifted its holdings in Varian Medical Systems by 16.5% during 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 in the last quarter. Parallel Advisors LLC lifted its holdings in Varian Medical Systems by 16.7% during 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 in the last quarter. Pacer Advisors Inc. lifted its holdings in Varian Medical Systems by 3.1% during 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 in the last quarter. Penserra Capital Management LLC lifted its holdings in Varian Medical Systems by 13.0% during the second quarter. Penserra Capital Management LLC now owns 1,820 shares of the medical equipment provider’s stock valued at $187,000 after purchasing an additional 210 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Varian Medical Systems by 0.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,912 shares of the medical equipment provider’s stock valued at $197,000 after purchasing an additional 11 shares in the last quarter. 99.28% of the stock is currently owned by institutional investors.

Several equities analysts have weighed in on the stock. Robert W. Baird reaffirmed a “neutral” rating and set a $99.00 price target (up previously from $89.00) on shares of Varian Medical Systems in a report on Friday, July 14th. BidaskClub downgraded shares of Varian Medical Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Zacks Investment Research downgraded shares of Varian Medical Systems from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. BTIG Research downgraded 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. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $100.00 price target on shares of Varian Medical Systems in a report on Friday, September 1st. 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 company’s stock. Varian Medical Systems has a consensus rating of “Hold” and an average price target of $97.39.

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In other news, insider Dow R. Wilson sold 15,059 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $96.48, for a total transaction of $1,452,892.32. Following the transaction, the insider now owns 81,835 shares in the company, valued at approximately $7,895,440.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kolleen T. Kennedy sold 2,021 shares of the stock in a transaction that occurred on Thursday, July 13th. The shares were sold at an average price of $104.73, for a total value of $211,659.33. Following the transaction, the executive vice president now owns 27,688 shares in the company, valued at approximately $2,899,764.24. The disclosure for this sale can be found here. Insiders have sold a total of 54,787 shares of company stock worth $5,600,457 in the last quarter. Insiders own 0.91% of the company’s stock.

Shares of Varian Medical Systems, Inc. (NYSE VAR) opened at 101.60 on Thursday. Varian Medical Systems, Inc. has a 52-week low of $75.20 and a 52-week high of $107.87. The stock’s 50 day moving average is $102.10 and its 200 day moving average is $97.84. The company has a market cap of $9.33 billion, a PE ratio of 33.44 and a beta of 0.58.

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

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.

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

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