Castleark Management LLC raised its position in Varian Medical Systems, Inc. (NYSE:VAR) by 199.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 62,670 shares of the medical equipment provider’s stock after purchasing an additional 41,740 shares during the period. Castleark Management LLC owned approximately 0.07% of Varian Medical Systems worth $6,467,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of VAR. BlackRock Inc. increased its stake in Varian Medical Systems by 3,169.5% in the first quarter. BlackRock Inc. now owns 7,899,768 shares of the medical equipment provider’s stock valued at $719,907,000 after purchasing an additional 7,658,148 shares in the last quarter. Janus Henderson Group PLC increased its stake in Varian Medical Systems by 1,545.7% in the second quarter. Janus Henderson Group PLC now owns 3,754,727 shares of the medical equipment provider’s stock valued at $387,450,000 after purchasing an additional 3,526,571 shares in the last quarter. FMR LLC increased its stake in Varian Medical Systems by 324.5% in the first quarter. FMR LLC now owns 1,006,924 shares of the medical equipment provider’s stock valued at $91,760,000 after purchasing an additional 769,718 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Varian Medical Systems in the second quarter valued at approximately $77,323,000. Finally, York Capital Management Global Advisors LLC bought a new stake in Varian Medical Systems in the second quarter valued at approximately $58,200,000. 99.28% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have commented on VAR shares. BidaskClub raised shares of Varian Medical Systems from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research downgraded shares of Varian Medical Systems from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Robert W. Baird reaffirmed a “neutral” rating and issued a $99.00 target price (up previously from $89.00) on shares of Varian Medical Systems in a research note on Friday, July 14th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $100.00 target price on shares of Varian Medical Systems in a research note on Friday, September 1st. Finally, BTIG Research downgraded shares of Varian Medical Systems from a “buy” rating to a “neutral” rating in a research note on Thursday, September 7th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $94.94.

In other Varian Medical Systems news, insider Dow R. Wilson sold 15,059 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $96.48, for a total transaction of $1,452,892.32. Following the completion of the sale, the insider now owns 81,835 shares in the company, valued at approximately $7,895,440.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kolleen T. Kennedy sold 1,088 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $107.33, for a total transaction of $116,775.04. Following the sale, the executive vice president now owns 27,688 shares of the company’s stock, valued at approximately $2,971,753.04. The disclosure for this sale can be found here. Insiders have sold a total of 55,956 shares of company stock valued at $5,692,553 in the last 90 days. 0.91% of the stock is currently owned by company insiders.

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Shares of Varian Medical Systems, Inc. (NYSE VAR) traded up 0.42% on Friday, reaching $102.70. 460,675 shares of the company traded hands. The company has a market capitalization of $9.43 billion, a PE ratio of 33.81 and a beta of 0.56. Varian Medical Systems, Inc. has a one year low of $75.20 and a one year high of $107.87. The firm has a 50-day moving average price of $103.91 and a 200 day moving average price of $99.37.

Varian Medical Systems (NYSE:VAR) last announced its quarterly earnings results on Wednesday, July 26th. The medical equipment provider reported $1.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.09. The business had revenue of $662.40 million during the quarter, compared to analyst estimates of $663.86 million. Varian Medical Systems had a net margin of 9.50% and a return on equity of 24.70%. Varian Medical Systems’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.00 EPS. Equities analysts forecast that Varian Medical Systems, Inc. will post $3.93 EPS for the current fiscal year.

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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