Kolleen T. Kennedy Sells 933 Shares of Varian Medical Systems, Inc. (VAR) Stock

Varian Medical Systems, Inc. (NYSE:VAR) EVP Kolleen T. Kennedy sold 933 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $107.29, for a total transaction of $100,101.57. Following the completion of the sale, the executive vice president now directly owns 27,533 shares in the company, valued at approximately $2,954,015.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Varian Medical Systems, Inc. (VAR) traded down 1.43% during trading on Friday, reaching $106.33. 989,902 shares of the company traded hands. The firm’s 50 day moving average price is $101.57 and its 200 day moving average price is $97.37. Varian Medical Systems, Inc. has a 12-month low of $75.20 and a 12-month high of $107.87. The firm has a market capitalization of $9.76 billion, a price-to-earnings ratio of 35.00 and a beta of 0.58.

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 analysts’ consensus estimates of $0.95 by $0.09. The business had revenue of $662.40 million for the quarter, compared to analyst estimates of $663.86 million. Varian Medical Systems had a net margin of 9.50% and a return on equity of 24.70%. The company’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.00 EPS. Equities research analysts expect that Varian Medical Systems, Inc. will post $3.93 earnings per share for the current year.

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Several analysts recently weighed in on VAR shares. Robert W. Baird reissued a “hold” rating and issued a $99.00 price objective on shares of Varian Medical Systems in a research note on Monday, August 28th. BidaskClub cut shares of Varian Medical Systems from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Royal Bank Of Canada reissued a “hold” rating and issued a $100.00 price objective on shares of Varian Medical Systems in a research note on Friday, September 1st. Zacks Investment Research raised shares of Varian Medical Systems from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a research note on Tuesday, June 27th. Finally, BTIG Research cut shares of Varian Medical Systems from a “buy” rating to a “neutral” rating in a research note on Thursday, September 7th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. Varian Medical Systems currently has a consensus rating of “Hold” and a consensus target price of $97.39.

Institutional investors have recently made changes to their positions in the business. First Mercantile Trust Co. grew its holdings in Varian Medical Systems by 2.3% in the 1st quarter. First Mercantile Trust Co. now owns 1,093 shares of the medical equipment provider’s stock worth $100,000 after acquiring an additional 25 shares during the last quarter. Manchester Capital Management LLC grew its holdings in Varian Medical Systems by 16.5% in the 2nd quarter. Manchester Capital Management LLC now owns 1,057 shares of the medical equipment provider’s stock worth $109,000 after acquiring an additional 150 shares during the last quarter. Parallel Advisors LLC grew its holdings in Varian Medical Systems by 16.7% in the 1st quarter. Parallel Advisors LLC now owns 1,232 shares of the medical equipment provider’s stock worth $113,000 after acquiring an additional 176 shares during the last quarter. Heritage Trust Co bought a new stake in Varian Medical Systems in the 1st quarter worth $118,000. Finally, Penserra Capital Management LLC grew its holdings in Varian Medical Systems by 9.5% in the 1st quarter. Penserra Capital Management LLC now owns 1,610 shares of the medical equipment provider’s stock worth $146,000 after acquiring an additional 140 shares during the last quarter. 99.64% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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