Varian Medical Systems, Inc. (NYSE:VAR) EVP Kolleen T. Kennedy sold 1,088 shares of the firm’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $101.55, for a total value of $110,486.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of Varian Medical Systems, Inc. (NYSE:VAR) opened at 102.70 on Monday. The stock has a 50 day moving average price of $103.97 and a 200-day moving average price of $99.49. Varian Medical Systems, Inc. has a 12 month low of $75.20 and a 12 month high of $107.87. The company has a market capitalization of $9.43 billion, a price-to-earnings ratio of 33.81 and a beta of 0.57.

Varian Medical Systems (NYSE:VAR) last released its earnings results on Wednesday, July 26th. The medical equipment provider reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.09. The firm had revenue of $662.40 million for the quarter, compared to analysts’ expectations of $663.86 million. Varian Medical Systems had a return on equity of 24.70% and a net margin of 9.50%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.00 earnings per share. Analysts expect that Varian Medical Systems, Inc. will post $3.93 earnings per share for the current fiscal year.

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VAR has been the topic of a number of research reports. BidaskClub cut Varian Medical Systems from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 29th. Royal Bank Of Canada reissued a “hold” rating and set a $100.00 price objective on shares of Varian Medical Systems in a report on Friday, September 1st. BTIG Research cut Varian Medical Systems from a “buy” rating to a “neutral” rating in a report on Thursday, September 7th. They noted that the move was a valuation call. Robert W. Baird reissued a “hold” rating and set a $99.00 price objective on shares of Varian Medical Systems in a report on Monday, August 28th. Finally, Zacks Investment Research lowered Varian Medical Systems from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $94.94.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. W. E. Donoghue & Co. LLC bought a new position in shares of Varian Medical Systems during the second quarter valued at approximately $2,243,000. Sentry Investment Management LLC grew its stake in shares of Varian Medical Systems by 5.2% during the second quarter. Sentry Investment Management LLC now owns 7,700 shares of the medical equipment provider’s stock valued at $795,000 after buying an additional 383 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of Varian Medical Systems by 23.5% during the second quarter. Toronto Dominion Bank now owns 31,158 shares of the medical equipment provider’s stock valued at $3,215,000 after buying an additional 5,936 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of Varian Medical Systems during the second quarter valued at approximately $662,000. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Varian Medical Systems by 2.6% during the second quarter. Public Employees Retirement System of Ohio now owns 173,969 shares of the medical equipment provider’s stock valued at $17,952,000 after buying an additional 4,356 shares during the last quarter. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

About Varian Medical Systems

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.

Insider Buying and Selling by Quarter for Varian Medical Systems (NYSE:VAR)

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