Varian Medical Systems, Inc. (VAR) Position Reduced by Jensen Investment Management Inc.
Jensen Investment Management Inc. trimmed its position in shares of Varian Medical Systems, Inc. (NYSE:VAR) by 18.9% during the 4th quarter, Holdings Channel reports. The firm owned 7,280 shares of the medical equipment provider’s stock after selling 1,698 shares during the period. Jensen Investment Management Inc.’s holdings in Varian Medical Systems were worth $809,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Catawba Capital Management VA purchased a new stake in Varian Medical Systems during the 4th quarter valued at about $210,000. Advisor Partners LLC purchased a new stake in Varian Medical Systems during the 4th quarter valued at about $223,000. Convergence Investment Partners LLC purchased a new stake in shares of Varian Medical Systems during the 3rd quarter valued at about $219,000. Parametrica Management Ltd purchased a new stake in shares of Varian Medical Systems during the 3rd quarter valued at about $229,000. Finally, Zions Bancorporation purchased a new stake in shares of Varian Medical Systems during the 3rd quarter valued at about $241,000. 99.19% of the stock is currently owned by institutional investors.
In related news, SVP John W. Kuo sold 7,991 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $110.65, for a total value of $884,204.15. Following the transaction, the senior vice president now owns 27,363 shares of the company’s stock, valued at $3,027,715.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Timothy E. Guertin sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $111.46, for a total transaction of $1,114,600.00. Following the completion of the transaction, the director now directly owns 2,161 shares in the company, valued at approximately $240,865.06. The disclosure for this sale can be found here. In the last three months, insiders sold 113,681 shares of company stock worth $12,607,207. 0.78% of the stock is currently owned by insiders.
Varian Medical Systems, Inc. (VAR) traded up $0.06 on Monday, hitting $129.52. 342,269 shares of the company were exchanged, compared to its average volume of 996,199. The stock has a market capitalization of $11,860.73, a P/E ratio of 103.58, a price-to-earnings-growth ratio of 3.76 and a beta of 0.67. Varian Medical Systems, Inc. has a one year low of $76.94 and a one year high of $130.29.
Varian Medical Systems (NYSE:VAR) last posted its quarterly earnings data on Wednesday, January 24th. The medical equipment provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.06. The company had revenue of $678.50 million for the quarter, compared to the consensus estimate of $633.96 million. Varian Medical Systems had a net margin of 4.27% and a return on equity of 27.13%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.09 earnings per share. analysts forecast that Varian Medical Systems, Inc. will post 4.31 EPS for the current fiscal year.
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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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