California Public Employees Retirement System boosted its position in shares of Varian Medical Systems, Inc. (NYSE:VAR) by 7.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 270,898 shares of the medical equipment provider’s stock after purchasing an additional 17,698 shares during the period. California Public Employees Retirement System owned approximately 0.30% of Varian Medical Systems worth $27,106,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its stake in Varian Medical Systems by 32.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 102,502 shares of the medical equipment provider’s stock valued at $10,577,000 after acquiring an additional 25,152 shares during the last quarter. BB&T Securities LLC boosted its stake in Varian Medical Systems by 50.7% during the 2nd quarter. BB&T Securities LLC now owns 7,771 shares of the medical equipment provider’s stock valued at $801,000 after acquiring an additional 2,616 shares during the last quarter. GHP Investment Advisors Inc. boosted its stake in Varian Medical Systems by 5.2% during the 2nd quarter. GHP Investment Advisors Inc. now owns 15,090 shares of the medical equipment provider’s stock valued at $1,557,000 after acquiring an additional 740 shares during the last quarter. Fiera Capital Corp boosted its stake in Varian Medical Systems by 12.0% during the 2nd quarter. Fiera Capital Corp now owns 2,519,976 shares of the medical equipment provider’s stock valued at $260,037,000 after acquiring an additional 269,633 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its stake in Varian Medical Systems by 107.9% during the 2nd quarter. Nationwide Fund Advisors now owns 389,616 shares of the medical equipment provider’s stock valued at $40,204,000 after acquiring an additional 202,177 shares during the last quarter. 99.11% of the stock is owned by institutional investors and hedge funds.

Varian Medical Systems, Inc. (VAR) opened at $110.78 on Tuesday. Varian Medical Systems, Inc. has a 52-week low of $76.94 and a 52-week high of $114.09. The stock has a market cap of $10,249.19, a PE ratio of 29.67, a PEG ratio of 3.29 and a beta of 0.67.

Varian Medical Systems (NYSE:VAR) last posted its quarterly earnings results on Wednesday, October 25th. The medical equipment provider reported $1.09 earnings per share (EPS) for the quarter, missing the Zacks’ 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 the consensus estimate of $741.69 million. During the same quarter in the previous year, the business posted $1.03 earnings per share. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. sell-side analysts forecast that Varian Medical Systems, Inc. will post 4.25 EPS for the current year.

In related news, insider Dow R. Wilson sold 15,059 shares of the stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $102.40, for a total value of $1,542,041.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Dow R. Wilson sold 88,766 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $111.00, for a total transaction of $9,853,026.00. Following the completion of the sale, the insider now directly owns 155,542 shares in the company, valued at approximately $17,265,162. The disclosure for this sale can be found here. In the last ninety days, insiders sold 115,534 shares of company stock worth $12,624,845. Corporate insiders own 0.91% of the company’s stock.

VAR has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Varian Medical Systems from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Citigroup raised their price target 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. Royal Bank of Canada restated a “hold” rating and issued a $100.00 price target on shares of Varian Medical Systems in a research report on Friday, September 1st. BTIG Research restated a “hold” rating on shares of Varian Medical Systems in a research report on Sunday, October 29th. Finally, Robert W. Baird restated a “hold” rating and issued a $99.00 price target on shares of Varian Medical Systems in a research report on Monday, August 28th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $98.39.

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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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