State of Wisconsin Investment Board Purchases 4,025 Shares of Varian Medical Systems, Inc. (VAR)

State of Wisconsin Investment Board lifted its position in shares of Varian Medical Systems, Inc. (NYSE:VAR) by 5.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 85,312 shares of the medical equipment provider’s stock after acquiring an additional 4,025 shares during the quarter. State of Wisconsin Investment Board owned approximately 0.09% of Varian Medical Systems worth $8,536,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in VAR. Janus Henderson Group PLC raised its position in shares of Varian Medical Systems by 1,545.7% during the second quarter. Janus Henderson Group PLC now owns 3,754,727 shares of the medical equipment provider’s stock worth $387,450,000 after acquiring an additional 3,526,571 shares during the last quarter. Koch Industries Inc. grew its stake in shares of Varian Medical Systems by 57,988.4% during the second quarter. Koch Industries Inc. now owns 1,327,901 shares of the medical equipment provider’s stock worth $1,315,000 after purchasing an additional 1,325,615 shares during the period. APG Asset Management N.V. grew its stake in shares of Varian Medical Systems by 106.1% during the third quarter. APG Asset Management N.V. now owns 1,669,419 shares of the medical equipment provider’s stock worth $167,042,000 after purchasing an additional 859,400 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Varian Medical Systems during the second quarter worth $77,323,000. Finally, Old Mutual Global Investors UK Ltd. grew its stake in shares of Varian Medical Systems by 431.0% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 812,983 shares of the medical equipment provider’s stock worth $81,347,000 after purchasing an additional 659,868 shares during the period. Institutional investors own 99.15% of the company’s stock.

In other news, EVP Kolleen T. Kennedy sold 2,021 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $107.36, for a total transaction of $216,974.56. Following the completion of the transaction, the executive vice president now directly owns 27,595 shares of the company’s stock, valued at $2,962,599.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kolleen T. Kennedy sold 931 shares of the company’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $105.00, for a total value of $97,755.00. Following 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 three months, insiders sold 42,761 shares of company stock valued at $4,447,864. Insiders own 0.91% of the company’s stock.

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Varian Medical Systems, Inc. (VAR) opened at $109.03 on Friday. Varian Medical Systems, Inc. has a 52 week low of $76.94 and a 52 week high of $109.71. The company has a quick ratio of 1.13, a current ratio of 1.41 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $10,010.00, a PE ratio of 29.00, a price-to-earnings-growth ratio of 3.21 and a beta of 0.65.

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

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

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)

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