Los Angeles Capital Management & Equity Research Inc. lessened its holdings in Varian Medical Systems, Inc. (NYSE:VAR) by 23.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 46,763 shares of the medical equipment provider’s stock after selling 14,710 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned 0.05% of Varian Medical Systems worth $4,679,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of VAR. Teachers Advisors LLC boosted its holdings in shares of Varian Medical Systems by 12.0% in the 1st quarter. Teachers Advisors LLC now owns 120,763 shares of the medical equipment provider’s stock valued at $11,005,000 after purchasing an additional 12,985 shares in the last quarter. Thrivent Financial For Lutherans boosted its holdings in shares of Varian Medical Systems by 5.9% during the 1st quarter. Thrivent Financial For Lutherans now owns 3,430 shares of the medical equipment provider’s stock valued at $313,000 after acquiring an additional 190 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Varian Medical Systems by 6.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 310,309 shares of the medical equipment provider’s stock valued at $28,278,000 after acquiring an additional 18,397 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Varian Medical Systems by 15.3% during the 2nd quarter. Bank of Montreal Can now owns 82,515 shares of the medical equipment provider’s stock valued at $8,515,000 after acquiring an additional 10,946 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its holdings in shares of Varian Medical Systems by 705.1% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 4,694 shares of the medical equipment provider’s stock valued at $484,000 after acquiring an additional 4,111 shares in the last quarter. 99.15% of the stock is currently owned by hedge funds and other institutional investors.

Varian Medical Systems, Inc. (VAR) opened at $109.24 on Tuesday. The stock has a market capitalization of $10,030.00, a price-to-earnings ratio of 28.92, a P/E/G ratio of 3.20 and a beta of 0.65. The company has a current ratio of 1.41, a quick ratio of 1.13 and a debt-to-equity ratio of 0.18. Varian Medical Systems, Inc. has a 12-month low of $76.94 and a 12-month high of $110.23.

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

Several equities research analysts recently weighed in on the company. Citigroup Inc. raised their price objective on Varian Medical Systems from $119.00 to $121.00 and gave the company a “neutral” rating in a report on Monday, October 30th. BTIG Research reissued a “hold” rating on shares of Varian Medical Systems in a report on Sunday, October 29th. Zacks Investment Research downgraded Varian Medical Systems from a “hold” rating to a “sell” rating in a report on Friday, October 27th. 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. Finally, 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. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $97.83.

In other news, EVP Kolleen T. Kennedy sold 1,088 shares of Varian Medical Systems stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $101.55, for a total value of $110,486.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kolleen T. Kennedy sold 931 shares of Varian Medical Systems stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $105.00, for a total value of $97,755.00. Following the completion of the transaction, the executive vice president now directly owns 27,531 shares of the company’s stock, valued at $2,890,755. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,761 shares of company stock valued at $4,447,864. 0.91% of the stock is owned by corporate insiders.

WARNING: This report was originally reported by Daily Political and is the property of of Daily Political. If you are reading this report on another publication, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this report can be read at https://www.dailypolitical.com/2017/11/21/varian-medical-systems-inc-var-shares-sold-by-los-angeles-capital-management-equity-research-inc.html.

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.

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

Receive News & Ratings for Varian Medical Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varian Medical Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.