Varian Medical Systems, Inc. (NYSE:VAR) insider Dow R. Wilson sold 88,766 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $111.00, for a total transaction of $9,853,026.00. Following the transaction, the insider now directly owns 155,542 shares of the company’s stock, valued at approximately $17,265,162. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Varian Medical Systems, Inc. (NYSE:VAR) opened at $110.70 on Wednesday. The firm has a market cap of $10,140.00, a P/E ratio of 29.67, a P/E/G ratio of 3.29 and a beta of 0.68. Varian Medical Systems, Inc. has a 1-year low of $76.94 and a 1-year high of $114.09.

Varian Medical Systems (NYSE:VAR) last issued its earnings results on Wednesday, October 25th. The medical equipment provider reported $1.09 earnings per share 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 analyst estimates of $741.69 million. Varian Medical Systems had a net margin of 8.85% and a return on equity of 23.68%. The firm’s revenue was down 1.1% compared to the same quarter last year. During the same period last year, the business earned $1.03 EPS. research analysts predict that Varian Medical Systems, Inc. will post 4.25 earnings per share for the current fiscal year.

VAR has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Varian Medical Systems from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Citigroup raised their price objective on shares of Varian Medical Systems from $119.00 to $121.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Royal Bank of Canada reissued a “hold” rating and issued a $100.00 price objective on shares of Varian Medical Systems in a research note on Friday, September 1st. BTIG Research reissued a “hold” rating on shares of Varian Medical Systems in a research note on Sunday, October 29th. Finally, Robert W. Baird reissued a “hold” rating and issued a $99.00 price objective on shares of Varian Medical Systems in a research note on Monday, August 28th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $98.39.

A number of large investors have recently modified their holdings of VAR. Janus Henderson Group PLC raised its holdings in Varian Medical Systems by 1,545.7% in the second quarter. Janus Henderson Group PLC now owns 3,754,727 shares of the medical equipment provider’s stock valued at $387,450,000 after acquiring an additional 3,526,571 shares in the last quarter. Koch Industries Inc. raised its holdings in Varian Medical Systems by 57,988.4% in the second quarter. Koch Industries Inc. now owns 1,327,901 shares of the medical equipment provider’s stock valued at $1,315,000 after acquiring an additional 1,325,615 shares in the last quarter. APG Asset Management N.V. raised its holdings in Varian Medical Systems by 106.1% in the third quarter. APG Asset Management N.V. now owns 1,669,419 shares of the medical equipment provider’s stock valued at $167,042,000 after acquiring an additional 859,400 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Varian Medical Systems in the second quarter valued at approximately $77,323,000. Finally, Old Mutual Global Investors UK Ltd. raised its holdings in Varian Medical Systems by 431.0% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 812,983 shares of the medical equipment provider’s stock valued at $81,347,000 after acquiring an additional 659,868 shares in the last quarter. 99.11% of the stock is currently owned by hedge funds and other institutional investors.

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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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