OMERS ADMINISTRATION Corp acquired a new stake in shares of Varian Medical Systems, Inc. (NYSE:VAR) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 21,900 shares of the medical equipment provider’s stock, valued at approximately $2,260,000.

Other large investors also recently added to or reduced their stakes in the company. Park Avenue Securities LLC boosted its stake in Varian Medical Systems by 0.4% in the second quarter. Park Avenue Securities LLC now owns 2,276 shares of the medical equipment provider’s stock valued at $234,000 after buying an additional 9 shares during the last quarter. First Mercantile Trust Co. boosted its stake in Varian Medical Systems by 2.3% in the first quarter. First Mercantile Trust Co. now owns 1,093 shares of the medical equipment provider’s stock valued at $100,000 after buying an additional 25 shares during the last quarter. Cleararc Capital Inc. boosted its stake in Varian Medical Systems by 1.1% in the first quarter. Cleararc Capital Inc. now owns 2,298 shares of the medical equipment provider’s stock valued at $209,000 after buying an additional 26 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Varian Medical Systems by 0.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,622 shares of the medical equipment provider’s stock valued at $330,000 after buying an additional 26 shares during the last quarter. Finally, Conning Inc. boosted its stake in Varian Medical Systems by 1.3% in the second quarter. Conning Inc. now owns 2,381 shares of the medical equipment provider’s stock valued at $246,000 after buying an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 99.63% of the company’s stock.

Shares of Varian Medical Systems, Inc. (VAR) opened at 102.89 on Wednesday. The company has a 50-day moving average of $100.97 and a 200 day moving average of $94.96. The company has a market cap of $9.45 billion, a PE ratio of 33.87 and a beta of 0.61. Varian Medical Systems, Inc. has a 12 month low of $75.20 and a 12 month high of $107.08.

Varian Medical Systems (NYSE:VAR) last released its earnings results on Wednesday, July 26th. The medical equipment provider reported $1.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 earnings per share. On average, analysts anticipate that Varian Medical Systems, Inc. will post $3.93 earnings per share for the current year.

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Several equities research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Varian Medical Systems from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 22nd. Aegis reiterated a “hold” rating and set a $91.00 price objective on shares of Varian Medical Systems in a research report on Wednesday, May 17th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Varian Medical Systems in a research report on Tuesday, May 16th. They set a “neutral” rating and a $92.00 price objective on the stock. Robert W. Baird reiterated a “neutral” rating and set a $99.00 price objective (up previously from $89.00) on shares of Varian Medical Systems in a research report on Friday, July 14th. Finally, BTIG Research upgraded shares of Varian Medical Systems from a “neutral” rating to a “buy” rating and set a $106.00 price objective on the stock in a research report on Monday, May 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $96.28.

In related news, insider Dow R. Wilson sold 15,059 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $96.48, for a total value of $1,452,892.32. Following the completion of the transaction, the insider now directly owns 81,835 shares in the company, valued at $7,895,440.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kolleen T. Kennedy sold 26,092 shares of the company’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $105.00, for a total value of $2,739,660.00. Following the completion of the transaction, the executive vice president now owns 52,692 shares of the company’s stock, valued at $5,532,660. The disclosure for this sale can be found here. Insiders sold 139,553 shares of company stock valued at $14,153,299 over the last quarter. Insiders own 0.91% of the company’s stock.

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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