Toronto Dominion Bank Has $3.48 Million Position in Varian Medical Systems, Inc. (NYSE:VAR)

Toronto Dominion Bank raised its position in shares of Varian Medical Systems, Inc. (NYSE:VAR) by 11.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,827 shares of the medical equipment provider’s stock after purchasing an additional 3,669 shares during the quarter. Toronto Dominion Bank’s holdings in Varian Medical Systems were worth $3,484,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in VAR. Manchester Capital Management LLC grew its holdings in shares of 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 acquiring an additional 150 shares in the last quarter. Parallel Advisors LLC boosted its holdings 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 worth $132,000 after purchasing an additional 125 shares in the last quarter. Penserra Capital Management LLC boosted its holdings 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 worth $187,000 after purchasing an additional 210 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings 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 worth $197,000 after purchasing an additional 11 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings 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 worth $202,000 after purchasing an additional 145 shares in the last quarter. 99.15% of the stock is currently owned by institutional investors.

In other Varian Medical Systems news, Director R Andrew Eckert sold 5,651 shares of the stock in a transaction on Friday, October 6th. The shares were sold at an average price of $102.39, for a total value of $578,605.89. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kolleen T. Kennedy sold 2,021 shares of the stock in a transaction on 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 sale, the executive vice president now owns 27,595 shares in the company, valued at $2,962,599.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,830 shares of company stock worth $4,350,109. Insiders own 0.91% of the company’s stock.

Varian Medical Systems, Inc. (NYSE:VAR) traded up $1.78 on Wednesday, hitting $111.04. 775,807 shares of the stock traded hands, compared to its average volume of 865,591. Varian Medical Systems, Inc. has a twelve month low of $76.94 and a twelve month high of $113.58. The company has a market capitalization of $10,037.55, a PE ratio of 29.06, a P/E/G ratio of 3.22 and a beta of 0.67.

Varian Medical Systems (NYSE:VAR) last released its quarterly earnings results on Wednesday, October 25th. The medical equipment provider reported $1.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 company had revenue of $739.00 million for the quarter, compared to the consensus estimate of $741.69 million. During the same period last year, the company earned $1.03 earnings per share. Varian Medical Systems’s revenue for the quarter was down 1.1% compared to the same quarter last year. research analysts anticipate that Varian Medical Systems, Inc. will post 4.26 EPS for the current fiscal year.

A number of research analysts have weighed in on the stock. BidaskClub raised shares of Varian Medical Systems from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Royal Bank Of Canada set a $105.00 target price on shares of Varian Medical Systems and gave the stock a “hold” rating in a research report on Thursday, November 30th. BTIG Research reissued a “hold” rating on shares of Varian Medical Systems in a research report on Sunday, October 29th. Citigroup upped their price objective on shares of Varian Medical Systems from $119.00 to $121.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Finally, Zacks Investment Research lowered shares of Varian Medical Systems from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Three equities research 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. Varian Medical Systems currently has an average rating of “Hold” and a consensus target price of $98.39.

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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.

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

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