Toronto Dominion Bank boosted its position in Varian Medical Systems, Inc. (NYSE:VAR) by 11.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,827 shares of the medical equipment provider’s stock after buying an additional 3,669 shares during the period. Toronto Dominion Bank’s holdings in Varian Medical Systems were worth $3,484,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of VAR. Manchester Capital Management LLC grew its position in Varian Medical Systems by 16.5% in the 2nd quarter. Manchester Capital Management LLC now owns 1,057 shares of the medical equipment provider’s stock valued at $109,000 after buying an additional 150 shares during the last quarter. Parallel Advisors LLC grew its position in Varian Medical Systems by 10.1% in the 2nd quarter. Parallel Advisors LLC now owns 1,357 shares of the medical equipment provider’s stock valued at $132,000 after buying an additional 125 shares during the last quarter. Penserra Capital Management LLC boosted its position in shares of Varian Medical Systems by 13.0% during the 2nd quarter. Penserra Capital Management LLC now owns 1,820 shares of the medical equipment provider’s stock worth $187,000 after purchasing an additional 210 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Varian Medical Systems by 0.6% during the 2nd 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. Finally, Pacer Advisors Inc. boosted its position in shares of Varian Medical Systems by 8.0% during the 2nd quarter. Pacer Advisors Inc. now owns 1,960 shares of the medical equipment provider’s stock worth $202,000 after purchasing an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Shares of Varian Medical Systems, Inc. (NYSE VAR) opened at $109.24 on Tuesday. Varian Medical Systems, Inc. has a 1 year low of $76.94 and a 1 year high of $110.23. The company has a quick ratio of 1.13, a current ratio of 1.41 and a debt-to-equity ratio of 0.18. The company has a market cap of $10,030.00, a PE ratio of 28.92, a P/E/G ratio of 3.20 and a beta of 0.65.

Varian Medical Systems (NYSE:VAR) last released its quarterly earnings data 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 return on equity of 23.68% and a net margin of 8.85%. The business had revenue of $739.00 million during the quarter, compared to analysts’ expectations of $741.69 million. During the same quarter in the prior year, the firm earned $1.03 earnings per share. Varian Medical Systems’s quarterly revenue was down 1.1% on a year-over-year basis. analysts anticipate that Varian Medical Systems, Inc. will post 4.26 earnings per share for the current fiscal year.

Several equities research analysts have commented on the stock. BidaskClub lowered shares of Varian Medical Systems from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Robert W. Baird restated a “hold” rating and set a $99.00 target price on shares of Varian Medical Systems in a research report on Monday, August 28th. BTIG Research lowered 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. Royal Bank Of Canada restated a “hold” rating and set a $100.00 target price on shares of Varian Medical Systems in a research report on Friday, September 1st. Finally, Citigroup Inc. boosted their target price on shares of Varian Medical Systems from $119.00 to $121.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. Varian Medical Systems currently has a consensus rating of “Hold” and an average target price of $97.83.

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In related news, EVP Kolleen T. Kennedy sold 931 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $105.00, for a total value of $97,755.00. Following the completion of the transaction, the executive vice president now owns 27,531 shares of the company’s stock, valued at approximately $2,890,755. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dow R. Wilson sold 15,059 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $105.41, for a total transaction of $1,587,369.19. Following the completion of the transaction, the insider now directly owns 81,835 shares of the company’s stock, valued at approximately $8,626,227.35. The disclosure for this sale can be found here. Insiders sold a total of 42,761 shares of company stock worth $4,447,864 over the last quarter. Insiders own 0.91% of the company’s stock.

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.

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

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