Mutual of America Capital Management LLC raised its stake in shares of Varian Medical Systems, Inc. (NYSE:VAR) by 2.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,120 shares of the medical equipment provider’s stock after purchasing an additional 288 shares during the period. Mutual of America Capital Management LLC’s holdings in Varian Medical Systems were worth $1,147,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in VAR. Manchester Capital Management LLC raised its position in Varian Medical Systems by 16.5% during the 2nd quarter. Manchester Capital Management LLC now owns 1,057 shares of the medical equipment provider’s stock worth $109,000 after purchasing an additional 150 shares during the last quarter. Parallel Advisors LLC raised its position in Varian Medical Systems by 16.7% during the 1st quarter. Parallel Advisors LLC now owns 1,232 shares of the medical equipment provider’s stock worth $113,000 after purchasing an additional 176 shares during the last quarter. Pacer Advisors Inc. raised its position in Varian Medical Systems by 3.1% during the 1st quarter. Pacer Advisors Inc. now owns 1,815 shares of the medical equipment provider’s stock worth $165,000 after purchasing an additional 55 shares during the last quarter. Penserra Capital Management LLC raised its position in Varian Medical Systems by 13.0% during the 2nd quarter. Penserra Capital Management LLC now owns 1,820 shares of the medical equipment provider’s stock worth $187,000 after purchasing an additional 210 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Varian Medical Systems by 0.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,912 shares of the medical equipment provider’s stock worth $197,000 after purchasing an additional 11 shares during the last quarter. 99.28% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently issued reports on VAR. BTIG Research lowered 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 set a $100.00 price target on shares of Varian Medical Systems in a report on Friday, September 1st. Robert W. Baird reiterated a “hold” rating and set a $99.00 price target on shares of Varian Medical Systems in a report on Monday, August 28th. BidaskClub upgraded Varian Medical Systems from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Finally, Zacks Investment Research downgraded Varian Medical Systems from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. Varian Medical Systems currently has an average rating of “Hold” and an average target price of $94.94.

In related news, Director R Andrew Eckert sold 5,651 shares of the business’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $102.39, for a total transaction of $578,605.89. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP John W. Kuo sold 1,597 shares of the business’s stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $104.43, for a total transaction of $166,774.71. Following the transaction, the senior vice president now owns 28,224 shares in the company, valued at approximately $2,947,432.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 60,437 shares of company stock valued at $6,164,352. Insiders own 0.91% of the company’s stock.

Shares of Varian Medical Systems, Inc. (NYSE:VAR) opened at 102.39 on Monday. The firm has a market capitalization of $9.40 billion, a P/E ratio of 33.70 and a beta of 0.57. Varian Medical Systems, Inc. has a one year low of $75.20 and a one year high of $107.87. The firm’s 50-day moving average price is $103.91 and its 200-day moving average price is $99.01.

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

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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 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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