Norinchukin Bank The increased its holdings in Varian Medical Systems, Inc. (NYSE:VAR) by 272.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,725 shares of the medical equipment provider’s stock after buying an additional 17,347 shares during the period. Norinchukin Bank The’s holdings in Varian Medical Systems were worth $2,374,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Park Avenue Securities LLC increased its position in shares of Varian Medical Systems by 0.4% during the second quarter. Park Avenue Securities LLC now owns 2,276 shares of the medical equipment provider’s stock worth $234,000 after purchasing an additional 9 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of 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 in the last quarter. Conning Inc. increased its position in shares of Varian Medical Systems by 1.3% during the second quarter. Conning Inc. now owns 2,381 shares of the medical equipment provider’s stock worth $246,000 after purchasing an additional 30 shares in the last quarter. Burney Co. increased its position in shares of Varian Medical Systems by 0.3% during the second quarter. Burney Co. now owns 14,604 shares of the medical equipment provider’s stock worth $1,500,000 after purchasing an additional 37 shares in the last quarter. Finally, People s United Financial Inc. increased its position in shares of Varian Medical Systems by 0.6% during the second quarter. People s United Financial Inc. now owns 6,279 shares of the medical equipment provider’s stock worth $648,000 after purchasing an additional 40 shares in the last quarter. 99.15% of the stock is owned by institutional investors.

VAR has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded Varian Medical Systems from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Robert W. Baird reissued a “hold” rating and set a $99.00 price objective on shares of Varian Medical Systems in a report on Monday, August 28th. Royal Bank Of Canada reissued a “hold” rating and set a $100.00 price objective on shares of Varian Medical Systems in a report on Friday, September 1st. BidaskClub lowered shares of Varian Medical Systems from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Finally, Citigroup Inc. boosted their price objective on shares of Varian Medical Systems from $119.00 to $121.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $97.83.

In other Varian Medical Systems news, EVP Kolleen T. Kennedy sold 1,088 shares of the company’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $101.55, for a total value of $110,486.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director R Andrew Eckert sold 5,651 shares of the company’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $102.39, for a total transaction of $578,605.89. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,761 shares of company stock worth $4,447,864. 0.91% of the stock is owned by corporate insiders.

Varian Medical Systems, Inc. (NYSE:VAR) traded up $0.08 during trading hours on Friday, reaching $108.87. 211,351 shares of the company’s stock traded hands, compared to its average volume of 714,889. Varian Medical Systems, Inc. has a one year low of $75.54 and a one year high of $110.23. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.13 and a current ratio of 1.41. The stock has a market capitalization of $9,987.02, a price-to-earnings ratio of 28.86, a price-to-earnings-growth ratio of 3.20 and a beta of 0.65.

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

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Varian Medical Systems 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.

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

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