Envestnet Asset Management Inc. Has $15.57 Million Holdings in Varian Medical Systems, Inc. (VAR)

Envestnet Asset Management Inc. raised its stake in shares of Varian Medical Systems, Inc. (NYSE:VAR) by 7.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 155,610 shares of the medical equipment provider’s stock after buying an additional 10,661 shares during the quarter. Envestnet Asset Management Inc. owned about 0.17% of Varian Medical Systems worth $15,572,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Manchester Capital Management LLC grew its holdings in Varian Medical Systems by 16.5% during the 2nd quarter. Manchester Capital Management LLC now owns 1,057 shares of the medical equipment provider’s stock valued at $109,000 after buying an additional 150 shares during the last quarter. Parallel Advisors LLC grew its holdings in Varian Medical Systems by 10.1% during the 2nd quarter. Parallel Advisors LLC now owns 1,357 shares of the medical equipment provider’s stock valued at $132,000 after buying an additional 125 shares during the last quarter. Penserra Capital Management LLC grew its holdings in Varian Medical Systems by 13.0% during the 2nd quarter. Penserra Capital Management LLC now owns 1,820 shares of the medical equipment provider’s stock valued at $187,000 after buying an additional 210 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Varian Medical Systems by 0.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,912 shares of the medical equipment provider’s stock valued at $197,000 after buying an additional 11 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in Varian Medical Systems by 8.0% during the 2nd quarter. Pacer Advisors Inc. now owns 1,960 shares of the medical equipment provider’s stock valued at $202,000 after buying an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Shares of Varian Medical Systems, Inc. (VAR) traded down $0.30 during trading on Wednesday, hitting $109.26. The company’s stock had a trading volume of 611,000 shares, compared to its average volume of 865,977. Varian Medical Systems, Inc. has a one year low of $76.94 and a one year high of $113.58. The stock has a market cap of $10,037.55, a price-to-earnings ratio of 29.06, a PEG ratio of 3.22 and a beta of 0.67.

Varian Medical Systems (NYSE:VAR) last issued its quarterly earnings results on Wednesday, October 25th. The medical equipment provider reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $741.69 million. During the same period in the prior year, the company earned $1.03 EPS. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. equities research analysts expect that Varian Medical Systems, Inc. will post 4.26 earnings per share for the current fiscal year.

A number of brokerages have commented on VAR. Royal Bank Of Canada set a $105.00 target price on Varian Medical Systems and gave the company a “hold” rating in a report on Thursday, November 30th. Citigroup increased their price target 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. BTIG Research reissued a “hold” rating on shares of Varian Medical Systems in a research note on Sunday, October 29th. Zacks Investment Research lowered Varian Medical Systems from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Finally, Robert W. Baird reissued a “hold” rating and set a $99.00 price target on shares of Varian Medical Systems in a research note on Monday, August 28th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. Varian Medical Systems currently has a consensus rating of “Hold” and a consensus target price of $98.39.

In related news, EVP Kolleen T. Kennedy sold 1,088 shares of the stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $101.55, for a total value of $110,486.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kolleen T. Kennedy sold 931 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 27,531 shares in the company, valued at $2,890,755. The disclosure for this sale can be found here. Insiders sold a total of 41,830 shares of company stock worth $4,350,109 over the last ninety days. Corporate insiders own 0.91% of the company’s stock.

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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.

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

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