Janus Henderson Group PLC boosted its holdings in Varian Medical Systems, Inc. (NYSE:VAR) by 1,545.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,754,727 shares of the medical equipment provider’s stock after purchasing an additional 3,526,571 shares during the quarter. Janus Henderson Group PLC owned about 4.09% of Varian Medical Systems worth $387,450,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP Paribas Arbitrage SA grew its position in Varian Medical Systems by 32.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 102,502 shares of the medical equipment provider’s stock valued at $10,577,000 after purchasing an additional 25,152 shares during the period. BB&T Securities LLC grew its position in Varian Medical Systems by 50.7% in the 2nd quarter. BB&T Securities LLC now owns 7,771 shares of the medical equipment provider’s stock valued at $801,000 after purchasing an additional 2,616 shares during the period. California Public Employees Retirement System grew its position in Varian Medical Systems by 3.3% in the 1st quarter. California Public Employees Retirement System now owns 250,600 shares of the medical equipment provider’s stock valued at $22,837,000 after purchasing an additional 8,100 shares during the period. GHP Investment Advisors Inc. grew its position in Varian Medical Systems by 5.2% in the 2nd quarter. GHP Investment Advisors Inc. now owns 15,090 shares of the medical equipment provider’s stock valued at $1,557,000 after purchasing an additional 740 shares during the period. Finally, Bank of America Corp DE grew its position in Varian Medical Systems by 4.6% in the 1st quarter. Bank of America Corp DE now owns 1,992,821 shares of the medical equipment provider’s stock valued at $181,605,000 after purchasing an additional 87,522 shares during the period. 99.28% of the stock is owned by institutional investors and hedge funds.

In related news, insider Dow R. Wilson sold 15,060 shares of the stock in a transaction on Monday, July 10th. The stock was sold at an average price of $103.37, for a total transaction of $1,556,752.20. Following the sale, the insider now directly owns 81,836 shares of the company’s stock, valued at $8,459,387.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP John W. Kuo sold 1,597 shares of the stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $104.43, for a total value of $166,774.71. Following the sale, the senior vice president now directly owns 28,224 shares in the company, valued at $2,947,432.32. The disclosure for this sale can be found here. Insiders have sold 54,787 shares of company stock worth $5,600,457 over the last ninety days. 0.91% of the stock is currently owned by insiders.

Several research firms recently issued reports on VAR. BidaskClub raised shares of Varian Medical Systems from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Robert W. Baird reissued a “neutral” rating and issued a $99.00 price target (up previously from $89.00) on shares of Varian Medical Systems in a research report on Friday, July 14th. Zacks Investment Research downgraded shares of Varian Medical Systems from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. BTIG Research downgraded shares of 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. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $100.00 price target on shares of Varian Medical Systems in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $94.94.

TRADEMARK VIOLATION WARNING: “Janus Henderson Group PLC Boosts Position in Varian Medical Systems, Inc. (VAR)” was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another site, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The legal version of this story can be viewed at https://www.watchlistnews.com/janus-henderson-group-plc-boosts-position-in-varian-medical-systems-inc-var/1610679.html.

Varian Medical Systems, Inc. (VAR) traded down 0.20% during trading on Thursday, reaching $101.76. 151,919 shares of the company’s stock were exchanged. The stock has a market cap of $9.34 billion, a PE ratio of 33.50 and a beta of 0.56. Varian Medical Systems, Inc. has a 12 month low of $75.20 and a 12 month high of $107.87. The firm has a 50 day moving average of $103.74 and a 200-day moving average of $98.91.

Varian Medical Systems (NYSE:VAR) last released 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. Varian Medical Systems had a return on equity of 24.70% and a net margin of 9.50%. The company had revenue of $662.40 million for the quarter, compared to analysts’ expectations of $663.86 million. During the same period last year, the firm posted $1.00 earnings per share. Varian Medical Systems’s revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts anticipate that Varian Medical Systems, Inc. will post $3.93 earnings per share for the current fiscal year.

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.

Want to see what other hedge funds are holding VAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Varian Medical Systems, Inc. (NYSE:VAR).

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

Receive News & Ratings for Varian Medical Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varian Medical Systems Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.