Rockefeller Financial Services Inc. held its position in Varian Medical Systems, Inc. (NYSE:VAR) during the second quarter, Holdings Channel reports. The firm owned 3,807 shares of the medical equipment provider’s stock at the end of the second quarter. Rockefeller Financial Services Inc.’s holdings in Varian Medical Systems were worth $393,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of VAR. First Mercantile Trust Co. raised its position in Varian Medical Systems by 2.3% in the first quarter. First Mercantile Trust Co. now owns 1,093 shares of the medical equipment provider’s stock worth $100,000 after buying an additional 25 shares during the last quarter. Parallel Advisors LLC raised its position in Varian Medical Systems by 16.7% in the first quarter. Parallel Advisors LLC now owns 1,232 shares of the medical equipment provider’s stock worth $113,000 after buying an additional 176 shares during the last quarter. Heritage Trust Co acquired a new position in Varian Medical Systems during the first quarter worth $118,000. Penserra Capital Management LLC raised its position in Varian Medical Systems by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,610 shares of the medical equipment provider’s stock worth $146,000 after buying an additional 140 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in Varian Medical Systems by 3.1% in the first quarter. Pacer Advisors Inc. now owns 1,815 shares of the medical equipment provider’s stock worth $165,000 after buying an additional 55 shares during the last quarter. 99.55% of the stock is currently owned by institutional investors and hedge funds.

Varian Medical Systems, Inc. (VAR) traded up 0.26% during mid-day trading on Friday, hitting $104.62. The stock had a trading volume of 31,854 shares. The firm’s 50-day moving average is $103.47 and its 200 day moving average is $91.27. The company has a market cap of $9.62 billion, a price-to-earnings ratio of 33.76 and a beta of 0.62. Varian Medical Systems, Inc. has a 12 month low of $75.20 and a 12 month high of $107.08.

Varian Medical Systems (NYSE:VAR) last released its earnings results on Wednesday, April 26th. The medical equipment provider reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.01. Varian Medical Systems had a return on equity of 24.82% and a net margin of 9.39%. The business had revenue of $655 million during the quarter, compared to the consensus estimate of $639.26 million. During the same period last year, the business posted $1.09 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities analysts anticipate that Varian Medical Systems, Inc. will post $3.94 EPS for the current fiscal year.

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A number of research analysts recently weighed in on the company. Off Wall Street assumed coverage on Varian Medical Systems in a report on Monday, April 24th. They set a “sell” rating on the stock. Robert W. Baird reissued a “neutral” rating and set a $99.00 target price (up from $89.00) on shares of Varian Medical Systems in a report on Friday, July 14th. BidaskClub downgraded Varian Medical Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Zacks Investment Research downgraded Varian Medical Systems from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, Jefferies Group LLC restated a “buy” rating on shares of Varian Medical Systems in a research note on Thursday, May 11th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $94.21.

In other news, SVP John W. Kuo sold 1,597 shares of the firm’s stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $104.43, for a total value of $166,774.71. Following the completion of the transaction, the senior vice president now directly owns 28,224 shares of the company’s stock, valued at $2,947,432.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kolleen T. Kennedy sold 1,088 shares of the firm’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $104.49, for a total value of $113,685.12. Following the completion of the transaction, the executive vice president now directly owns 27,688 shares of the company’s stock, valued at $2,893,119.12. The disclosure for this sale can be found here. Insiders sold 147,676 shares of company stock valued at $14,979,214 over the last three months. Company insiders own 0.91% of the company’s stock.

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

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