LaFleur & Godfrey LLC increased its position in shares of Varian Medical Systems, Inc. (NYSE:VAR) by 0.2% during the second quarter, Holdings Channel reports. The firm owned 137,529 shares of the medical equipment provider’s stock after buying an additional 262 shares during the period. Varian Medical Systems makes up 3.7% of LaFleur & Godfrey LLC’s holdings, making the stock its 6th largest position. LaFleur & Godfrey LLC’s holdings in Varian Medical Systems were worth $14,192,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VAR. Park Avenue Securities LLC raised its position in Varian Medical Systems by 0.4% in the second quarter. Park Avenue Securities LLC now owns 2,276 shares of the medical equipment provider’s stock worth $234,000 after buying an additional 9 shares during the period. 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 period. Cleararc Capital Inc. raised its position in Varian Medical Systems by 1.1% in the first quarter. Cleararc Capital Inc. now owns 2,298 shares of the medical equipment provider’s stock worth $209,000 after buying an additional 26 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in Varian Medical Systems by 0.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,622 shares of the medical equipment provider’s stock worth $330,000 after buying an additional 26 shares during the period. Finally, Creative Planning raised its position in Varian Medical Systems by 0.5% in the first quarter. Creative Planning now owns 8,796 shares of the medical equipment provider’s stock worth $802,000 after buying an additional 43 shares during the period. 99.27% of the stock is owned by institutional investors.

Shares of Varian Medical Systems, Inc. (NYSE:VAR) opened at 97.74 on Friday. Varian Medical Systems, Inc. has a 12-month low of $75.20 and a 12-month high of $107.08. The company has a market cap of $8.97 billion, a price-to-earnings ratio of 32.17 and a beta of 0.61. The firm has a 50 day moving average price of $101.70 and a 200-day moving average price of $93.39.

Varian Medical Systems (NYSE:VAR) last issued its quarterly earnings data on Wednesday, July 26th. The medical equipment provider reported $1.04 EPS for the quarter, beating the consensus estimate of $0.95 by $0.09. Varian Medical Systems had a return on equity of 24.70% and a net margin of 9.50%. The firm had revenue of $662.40 million during the quarter, compared to analyst estimates of $663.86 million. During the same quarter in the prior year, the business posted $1.00 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities analysts expect that Varian Medical Systems, Inc. will post $3.94 earnings per share for the current fiscal year.

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A number of research analysts recently weighed in on the company. BidaskClub raised Varian Medical Systems from a “sell” rating to a “hold” rating in a research report on Saturday. Barrington Research lowered Varian Medical Systems from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 27th. Aegis reaffirmed a “hold” rating and set a $91.00 price objective on shares of Varian Medical Systems in a research report on Wednesday, May 17th. Goldman Sachs Group, Inc. (The) assumed coverage on Varian Medical Systems in a research report on Tuesday, May 16th. They set a “neutral” rating and a $92.00 price objective for the company. Finally, Royal Bank Of Canada raised their price objective on Varian Medical Systems from $82.00 to $90.00 and gave the company a “sector perform” rating in a research report on Thursday, April 27th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $96.28.

In other news, SVP John W. Kuo sold 19,819 shares of the stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $99.67, for a total transaction of $1,975,359.73. Following the completion of the sale, the senior vice president now owns 47,180 shares in the company, valued at approximately $4,702,430.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP John W. Kuo sold 734 shares of the stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $101.91, for a total value of $74,801.94. Following the sale, the senior vice president now owns 28,095 shares of the company’s stock, valued at approximately $2,863,161.45. The disclosure for this sale can be found here. In the last quarter, insiders have sold 158,284 shares of company stock valued at $16,022,132. 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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