Seaward Management Limited Partnership decreased its stake in Varian Medical Systems, Inc. (NYSE:VAR) by 4.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,980 shares of the medical equipment provider’s stock after selling 800 shares during the period. Seaward Management Limited Partnership’s holdings in Varian Medical Systems were worth $1,648,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Pictet Asset Management Ltd. boosted its stake in Varian Medical Systems by 2.2% in the second quarter. Pictet Asset Management Ltd. now owns 915,887 shares of the medical equipment provider’s stock valued at $90,691,000 after buying an additional 19,361 shares during the last quarter. JLB & Associates Inc. acquired a new stake in Varian Medical Systems during the second quarter valued at $7,803,000. Eagle Ridge Investment Management boosted its stake in Varian Medical Systems by 3.2% in the second quarter. Eagle Ridge Investment Management now owns 62,364 shares of the medical equipment provider’s stock valued at $6,435,000 after buying an additional 1,922 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its stake in Varian Medical Systems by 45.1% in the second quarter. Candriam Luxembourg S.C.A. now owns 14,866 shares of the medical equipment provider’s stock valued at $1,534,000 after buying an additional 4,621 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in Varian Medical Systems by 2.3% in the second quarter. Sei Investments Co. now owns 11,593 shares of the medical equipment provider’s stock valued at $1,196,000 after buying an additional 257 shares during the last quarter. Hedge funds and other institutional investors own 99.27% of the company’s stock.

Shares of Varian Medical Systems, Inc. (VAR) opened at 95.88 on Wednesday. Varian Medical Systems, Inc. has a 52 week low of $75.20 and a 52 week high of $107.08. The firm has a 50-day moving average price of $102.77 and a 200-day moving average price of $92.76. The stock has a market cap of $8.79 billion, a PE ratio of 31.56 and a beta of 0.61.

Varian Medical Systems (NYSE:VAR) last announced its quarterly earnings results on Wednesday, July 26th. The medical equipment provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.09. The business had revenue of $662.40 million for the quarter, compared to the consensus estimate of $663.86 million. Varian Medical Systems had a return on equity of 24.70% and a net margin of 9.50%. The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business posted $1.00 EPS. On average, analysts forecast that Varian Medical Systems, Inc. will post $3.95 earnings per share for the current fiscal year.

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Several equities research analysts recently weighed in on the company. BidaskClub cut Varian Medical Systems from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Robert W. Baird restated a “neutral” rating and set a $99.00 target price (up previously from $89.00) on shares of Varian Medical Systems in a research note on Friday, July 14th. Zacks Investment Research cut Varian Medical Systems from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Aegis restated a “hold” rating and set a $91.00 target price on shares of Varian Medical Systems in a research note on Wednesday, May 17th. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on Varian Medical Systems in a research note on Tuesday, May 16th. They set a “neutral” rating and a $92.00 target price for the company. Three research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Varian Medical Systems has an average rating of “Hold” and an average price target of $96.28.

In related news, insider Dow R. Wilson sold 15,060 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $103.37, for a total value of $1,556,752.20. Following the sale, the insider now owns 81,836 shares of the company’s stock, valued at approximately $8,459,387.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Dow R. Wilson sold 15,059 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $96.48, for a total value of $1,452,892.32. Following the completion of the sale, the insider now directly owns 81,835 shares in the company, valued at approximately $7,895,440.80. The disclosure for this sale can be found here. In the last three months, insiders sold 159,146 shares of company stock worth $16,105,221. 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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