Oregon Public Employees Retirement Fund trimmed its stake in shares of Varian Medical Systems, Inc. (NYSE:VAR) by 1.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,162 shares of the medical equipment provider’s stock after selling 386 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Varian Medical Systems were worth $2,881,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in VAR. First Trust Advisors LP grew its stake in Varian Medical Systems by 10.5% during the fourth quarter. First Trust Advisors LP now owns 6,550 shares of the medical equipment provider’s stock worth $742,000 after buying an additional 621 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Varian Medical Systems by 27.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 3,868 shares of the medical equipment provider’s stock worth $438,000 after acquiring an additional 837 shares in the last quarter. Advisor Group Inc. increased its position in shares of Varian Medical Systems by 56.6% during the fourth quarter. Advisor Group Inc. now owns 2,416 shares of the medical equipment provider’s stock worth $273,000 after acquiring an additional 873 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Varian Medical Systems by 3,189.5% during the fourth quarter. Bessemer Group Inc. now owns 625 shares of the medical equipment provider’s stock worth $71,000 after acquiring an additional 606 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Varian Medical Systems by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 355,174 shares of the medical equipment provider’s stock worth $40,242,000 after acquiring an additional 12,271 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

In other Varian Medical Systems news, CFO Gary E. Bischoping, Jr. sold 845 shares of Varian Medical Systems stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $127.94, for a total value of $108,109.30. Following the completion of the sale, the chief financial officer now owns 2,283 shares in the company, valued at approximately $292,087.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John W. Kuo sold 465 shares of Varian Medical Systems stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $130.11, for a total transaction of $60,501.15. Following the completion of the sale, the senior vice president now owns 35,566 shares of the company’s stock, valued at approximately $4,627,492.26. The disclosure for this sale can be found here. Insiders sold a total of 75,393 shares of company stock valued at $10,032,731 in the last quarter. Corporate insiders own 0.74% of the company’s stock.

Shares of NYSE VAR traded up $0.79 during mid-day trading on Tuesday, reaching $132.96. 10,864 shares of the company were exchanged, compared to its average volume of 487,322. The firm’s 50-day moving average is $134.22. The company has a market capitalization of $12.08 billion, a PE ratio of 30.05, a P/E/G ratio of 3.58 and a beta of 0.86. Varian Medical Systems, Inc. has a twelve month low of $101.42 and a twelve month high of $142.50.

Varian Medical Systems (NYSE:VAR) last posted its earnings results on Wednesday, April 24th. The medical equipment provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.11). The company had revenue of $779.40 million for the quarter, compared to analyst estimates of $776.28 million. Varian Medical Systems had a return on equity of 24.40% and a net margin of 12.59%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.15 EPS. On average, sell-side analysts forecast that Varian Medical Systems, Inc. will post 4.64 earnings per share for the current year.

A number of research analysts recently weighed in on VAR shares. Zacks Investment Research raised shares of Triple-S Management from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Monday, April 29th. Barrington Research raised their target price on shares of Varian Medical Systems from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. UBS Group reaffirmed a “buy” rating and issued a $124.00 target price on shares of Cie Gnrl des Etblsmnts Michelin SCA in a research report on Thursday, April 25th. Finally, Citigroup cut shares of BCE from a “buy” rating to a “neutral” rating in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Varian Medical Systems has an average rating of “Buy” and a consensus price target of $143.33.

Varian Medical Systems Company Profile

Varian Medical Systems, Inc designs, manufactures, sells, and services medical devices and software products for treating cancer and other medical conditions worldwide. It operates through two segments, Oncology Systems and Proton Solutions. The Oncology Systems segment offers hardware and software products for treating cancer with radiotherapy, fixed field intensity-modulated radiation therapy, image-guided radiation therapy, volumetric modulated arc therapy, stereotactic radiosurgery, stereotactic body radiotherapy, and brachytherapy, as well as related quality assurance equipment.

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

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