Arrowstreet Capital Limited Partnership acquired a new position in shares of Varian Medical Systems, Inc. (NYSE:VAR) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 749,330 shares of the medical equipment provider’s stock, valued at approximately $77,323,000. Arrowstreet Capital Limited Partnership owned approximately 0.82% of Varian Medical Systems as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of VAR. BlackRock Inc. grew its holdings in shares of Varian Medical Systems by 3,169.5% during the first quarter. BlackRock Inc. now owns 7,899,768 shares of the medical equipment provider’s stock worth $719,907,000 after buying an additional 7,658,148 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Varian Medical Systems by 1,545.7% during the second quarter. Janus Henderson Group PLC now owns 3,754,727 shares of the medical equipment provider’s stock worth $387,450,000 after buying an additional 3,526,571 shares in the last quarter. FMR LLC grew its holdings in shares of Varian Medical Systems by 324.5% during the first quarter. FMR LLC now owns 1,006,924 shares of the medical equipment provider’s stock worth $91,760,000 after buying an additional 769,718 shares in the last quarter. York Capital Management Global Advisors LLC bought a new position in shares of Varian Medical Systems during the second quarter worth about $58,200,000. Finally, Parametric Portfolio Associates LLC grew its holdings in shares of Varian Medical Systems by 158.8% during the second quarter. Parametric Portfolio Associates LLC now owns 613,415 shares of the medical equipment provider’s stock worth $63,298,000 after buying an additional 376,419 shares in the last quarter. Institutional investors and hedge funds own 99.28% of the company’s stock.

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In other news, EVP Kolleen T. Kennedy sold 1,088 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $107.33, for a total value of $116,775.04. Following the completion of the transaction, the executive vice president now directly owns 27,688 shares of the company’s stock, valued at $2,971,753.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP John W. Kuo sold 863 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $104.48, for a total value of $90,166.24. Following the completion of the transaction, the senior vice president now directly owns 28,224 shares of the company’s stock, valued at $2,948,843.52. The disclosure for this sale can be found here. Insiders have sold a total of 75,497 shares of company stock valued at $7,721,104 over the last three months. Corporate insiders own 0.91% of the company’s stock.

Shares of Varian Medical Systems, Inc. (NYSE VAR) traded down 0.10% on Friday, reaching $102.39. The company had a trading volume of 764,111 shares. The stock has a market cap of $9.40 billion, a PE ratio of 33.70 and a beta of 0.56. The stock has a 50-day moving average price of $103.91 and a 200-day moving average price of $99.01. Varian Medical Systems, Inc. has a 12 month low of $75.20 and a 12 month high of $107.87.

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, topping analysts’ consensus estimates of $0.95 by $0.09. The firm had revenue of $662.40 million during the quarter, compared to analyst estimates of $663.86 million. Varian Medical Systems had a return on equity of 24.70% and a net margin of 9.50%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.00 EPS. Analysts predict that Varian Medical Systems, Inc. will post $3.93 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on the company. BTIG Research downgraded 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 reiterated a “hold” rating and set a $100.00 price objective 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 objective 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 assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $94.94.

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.

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

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