Varian Medical Systems, Inc. (NYSE:VAR) EVP Kolleen T. Kennedy sold 2,021 shares of Varian Medical Systems stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $107.36, for a total value of $216,974.56. Following the transaction, the executive vice president now directly owns 27,595 shares in the company, valued at approximately $2,962,599.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Varian Medical Systems, Inc. (VAR) traded down $1.45 during midday trading on Thursday, hitting $107.89. The company had a trading volume of 714,400 shares, compared to its average volume of 875,430. The company has a market cap of $10,037.51, a PE ratio of 29.00, a price-to-earnings-growth ratio of 3.21 and a beta of 0.65. Varian Medical Systems, Inc. has a 1-year low of $76.94 and a 1-year high of $109.71. The company has a current ratio of 1.41, a quick ratio of 1.13 and a debt-to-equity ratio of 0.18.

Varian Medical Systems (NYSE:VAR) last announced its quarterly earnings results on Wednesday, October 25th. The medical equipment provider reported $1.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.10). The firm had revenue of $739.00 million during the quarter, compared to the consensus estimate of $741.69 million. Varian Medical Systems had a net margin of 8.85% and a return on equity of 23.68%. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 EPS. analysts predict that Varian Medical Systems, Inc. will post 4.26 EPS for the current fiscal year.

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Several equities analysts have weighed in on VAR shares. BidaskClub cut Varian Medical Systems from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Robert W. Baird reaffirmed a “hold” rating and set a $99.00 target price on shares of Varian Medical Systems in a research note on Monday, August 28th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $100.00 target price on shares of Varian Medical Systems in a research note on Friday, September 1st. BTIG Research cut Varian Medical Systems from a “buy” rating to a “neutral” rating in a research note on Thursday, September 7th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut Varian Medical Systems from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. Varian Medical Systems has a consensus rating of “Hold” and a consensus price target of $97.83.

Several hedge funds and other institutional investors have recently made changes to their positions in VAR. Manchester Capital Management LLC boosted its position 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 worth $109,000 after purchasing an additional 150 shares during the period. Parallel Advisors LLC boosted its position in Varian Medical Systems by 10.1% during the second quarter. Parallel Advisors LLC now owns 1,357 shares of the medical equipment provider’s stock worth $132,000 after purchasing an additional 125 shares during the period. Penserra Capital Management LLC boosted its position 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 worth $187,000 after purchasing an additional 210 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position 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 worth $197,000 after purchasing an additional 11 shares during the period. Finally, Pacer Advisors Inc. boosted its position in Varian Medical Systems by 8.0% during the second quarter. Pacer Advisors Inc. now owns 1,960 shares of the medical equipment provider’s stock worth $202,000 after purchasing an additional 145 shares during the period. 99.15% of the stock is owned by institutional investors and hedge funds.

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.

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

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