Varian Medical Systems, Inc. (NYSE:VAR) EVP Kolleen T. Kennedy sold 1,089 shares of the stock in a transaction on Friday, January 12th. The shares were sold at an average price of $108.19, for a total value of $117,818.91. Following the sale, the executive vice president now owns 27,751 shares of the company’s stock, valued at approximately $3,002,380.69. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of Varian Medical Systems, Inc. (VAR) opened at $109.32 on Thursday. The stock has a market capitalization of $10,020.00, a price-to-earnings ratio of 39.61, a PEG ratio of 3.30 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 released its earnings results on Wednesday, October 25th. The medical equipment provider reported $1.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.10). The business had revenue of $739.00 million during the quarter, compared to analysts’ expectations of $741.69 million. Varian Medical Systems had a net margin of 8.85% and a return on equity of 23.68%. Varian Medical Systems’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.03 EPS. sell-side analysts forecast that Varian Medical Systems, Inc. will post 4.11 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in VAR. Hardman Johnston Global Advisors LLC increased its stake in shares of Varian Medical Systems by 0.5% in the third quarter. Hardman Johnston Global Advisors LLC now owns 229,872 shares of the medical equipment provider’s stock worth $23,001,000 after acquiring an additional 1,235 shares during the last quarter. State of Wisconsin Investment Board increased its stake in shares of Varian Medical Systems by 5.0% in the third quarter. State of Wisconsin Investment Board now owns 85,312 shares of the medical equipment provider’s stock worth $8,536,000 after acquiring an additional 4,025 shares during the last quarter. Pinebridge Investments L.P. acquired a new position in shares of Varian Medical Systems in the third quarter worth $277,000. California Public Employees Retirement System increased its stake in shares of Varian Medical Systems by 7.0% in the third quarter. California Public Employees Retirement System now owns 270,898 shares of the medical equipment provider’s stock worth $27,106,000 after acquiring an additional 17,698 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its stake in shares of Varian Medical Systems by 1.3% in the third quarter. Neuberger Berman Group LLC now owns 158,198 shares of the medical equipment provider’s stock worth $15,829,000 after acquiring an additional 2,104 shares during the last quarter.

A number of equities research analysts have recently commented on VAR shares. Zacks Investment Research downgraded Varian Medical Systems from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. BTIG Research reiterated a “hold” rating on shares of Varian Medical Systems in a research report on Sunday, October 29th. Citigroup increased their target price on Varian Medical Systems from $119.00 to $121.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Royal Bank of Canada set a $105.00 target price on Varian Medical Systems and gave the company a “hold” rating in a report on Thursday, November 30th. Finally, Evercore ISI assumed coverage on Varian Medical Systems in a report on Wednesday, January 3rd. They issued an “underperform” rating and a $100.00 target price for the company. Three analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. Varian Medical Systems has a consensus rating of “Hold” and a consensus price target of $100.44.

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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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