Oregon Public Employees Retirement Fund raised its position in Varian Medical Systems, Inc. (NYSE:VAR) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,815 shares of the medical equipment provider’s stock after purchasing an additional 529 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Varian Medical Systems were worth $3,584,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of VAR. Manchester Capital Management LLC raised its position in Varian Medical Systems by 16.5% in the second quarter. Manchester Capital Management LLC now owns 1,057 shares of the medical equipment provider’s stock valued at $109,000 after purchasing an additional 150 shares during the last quarter. Parallel Advisors LLC raised its position in Varian Medical Systems by 10.1% in the second quarter. Parallel Advisors LLC now owns 1,357 shares of the medical equipment provider’s stock valued at $132,000 after purchasing an additional 125 shares during the last quarter. Penserra Capital Management LLC raised its position in Varian Medical Systems by 13.0% in the second quarter. Penserra Capital Management LLC now owns 1,820 shares of the medical equipment provider’s stock valued at $187,000 after purchasing an additional 210 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Varian Medical Systems by 0.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,912 shares of the medical equipment provider’s stock valued at $197,000 after purchasing an additional 11 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in Varian Medical Systems by 8.0% in the second quarter. Pacer Advisors Inc. now owns 1,960 shares of the medical equipment provider’s stock valued at $202,000 after purchasing an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 99.81% of the company’s stock.

In other Varian Medical Systems news, EVP Kolleen T. Kennedy sold 931 shares of the firm’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $105.00, for a total value of $97,755.00. Following the completion of the sale, the executive vice president now owns 27,531 shares of the company’s stock, valued at $2,890,755. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kolleen T. Kennedy sold 1,088 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $97.91, for a total value of $106,526.08. Following the completion of the sale, the executive vice president now directly owns 26,600 shares of the company’s stock, valued at approximately $2,604,406. The disclosure for this sale can be found here. Insiders have sold 41,828 shares of company stock valued at $4,337,416 in the last ninety days. 0.91% of the stock is currently owned by insiders.

VAR has been the subject of several research reports. BidaskClub downgraded Varian Medical Systems from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Royal Bank Of Canada restated a “hold” rating and set a $100.00 price objective on shares of Varian Medical Systems in a research report on Friday, September 1st. Robert W. Baird restated a “hold” rating and set a $99.00 price objective on shares of Varian Medical Systems in a research report on Monday, August 28th. BTIG Research restated a “hold” rating on shares of Varian Medical Systems in a research report on Sunday, October 29th. Finally, Citigroup Inc. raised their price objective on Varian Medical Systems from $119.00 to $121.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $97.83.

Shares of Varian Medical Systems, Inc. (VAR) opened at $107.55 on Friday. Varian Medical Systems, Inc. has a one year low of $76.94 and a one year high of $108.78. The company has a market capitalization of $9,873.20, a P/E ratio of 28.53, a P/E/G ratio of 3.16 and a beta of 0.65. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.13 and a current ratio of 1.41.

Varian Medical Systems (NYSE:VAR) last released its earnings results on Wednesday, October 25th. The medical equipment provider reported $1.09 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.10). Varian Medical Systems had a return on equity of 23.68% and a net margin of 8.85%. The business had revenue of $739.00 million for the quarter, compared to analyst estimates of $741.69 million. During the same period in the prior year, the business earned $1.03 EPS. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. analysts forecast that Varian Medical Systems, Inc. will post 4.26 EPS for the current fiscal year.

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Varian Medical Systems 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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