Varian Medical Systems, Inc. (VAR) Shares Bought by First Republic Investment Management Inc.

First Republic Investment Management Inc. increased its stake in Varian Medical Systems, Inc. (NYSE:VAR) by 38.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,110 shares of the medical equipment provider’s stock after purchasing an additional 1,429 shares during the period. First Republic Investment Management Inc.’s holdings in Varian Medical Systems were worth $512,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its position in shares of Varian Medical Systems by 32.5% in the second quarter. BNP Paribas Arbitrage SA now owns 102,502 shares of the medical equipment provider’s stock worth $10,577,000 after purchasing an additional 25,152 shares during the last quarter. BB&T Securities LLC increased its position in shares of Varian Medical Systems by 50.7% in the second quarter. BB&T Securities LLC now owns 7,771 shares of the medical equipment provider’s stock worth $801,000 after purchasing an additional 2,616 shares during the last quarter. GHP Investment Advisors Inc. increased its position in shares of Varian Medical Systems by 5.2% in the second quarter. GHP Investment Advisors Inc. now owns 15,090 shares of the medical equipment provider’s stock worth $1,557,000 after purchasing an additional 740 shares during the last quarter. Fiera Capital Corp increased its position in shares of Varian Medical Systems by 12.0% in the second quarter. Fiera Capital Corp now owns 2,519,976 shares of the medical equipment provider’s stock worth $260,037,000 after purchasing an additional 269,633 shares during the last quarter. Finally, Nationwide Fund Advisors grew its position in Varian Medical Systems by 107.9% during the second quarter. Nationwide Fund Advisors now owns 389,616 shares of the medical equipment provider’s stock valued at $40,204,000 after acquiring an additional 202,177 shares during the last quarter. Institutional investors own 99.15% of the company’s stock.

Shares of Varian Medical Systems, Inc. (NYSE:VAR) traded up $2.10 during trading on Friday, hitting $111.87. 883,273 shares of the stock traded hands, compared to its average volume of 645,538. Varian Medical Systems, Inc. has a 1 year low of $75.54 and a 1 year high of $114.09. The company has a market capitalization of $10,249.19, a PE ratio of 29.67, a price-to-earnings-growth ratio of 3.29 and a beta of 0.67.

Varian Medical Systems (NYSE:VAR) last issued its earnings results on Wednesday, October 25th. The medical equipment provider reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $739.00 million during the quarter, compared to the consensus estimate of $741.69 million. During the same quarter in the prior year, the business posted $1.03 EPS. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. sell-side analysts predict that Varian Medical Systems, Inc. will post 4.25 earnings per share for the current year.

In other news, insider Dow R. Wilson sold 15,059 shares of the firm’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $102.40, for a total value of $1,542,041.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kolleen T. Kennedy sold 1,088 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $101.55, for a total transaction of $110,486.40. The disclosure for this sale can be found here. Insiders sold 26,768 shares of company stock worth $2,771,819 in the last 90 days. Company insiders own 0.91% of the company’s stock.

A number of brokerages have commented on VAR. BTIG Research reiterated a “hold” rating on shares of Varian Medical Systems in a research report on Sunday, October 29th. Royal Bank of Canada set a $105.00 price target on shares of Varian Medical Systems and gave the company a “hold” rating in a research report on Thursday, November 30th. Citigroup increased their price target 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. Zacks Investment Research cut shares of Varian Medical Systems from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Finally, Robert W. Baird reiterated a “hold” rating and set a $99.00 price target on shares of Varian Medical Systems in a research report on Monday, August 28th. Three 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 currently has a consensus rating of “Hold” and an average target price of $98.39.

COPYRIGHT VIOLATION WARNING: “Varian Medical Systems, Inc. (VAR) Shares Bought by First Republic Investment Management Inc.” was originally posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at https://stocknewstimes.com/2017/12/17/varian-medical-systems-inc-var-shares-bought-by-first-republic-investment-management-inc.html.

About Varian Medical Systems

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

Latest News

Leave a Reply