Insider Selling: Varian Medical Systems, Inc. (NYSE:VAR) Insider Sells 24,000 Shares of Stock

Varian Medical Systems, Inc. (NYSE:VAR) insider Dow R. Wilson sold 24,000 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $126.73, for a total value of $3,041,520.00. Following the transaction, the insider now directly owns 90,776 shares in the company, valued at approximately $11,504,042.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Varian Medical Systems, Inc. (NYSE VAR) traded up $1.66 during trading on Friday, reaching $114.50. The company’s stock had a trading volume of 928,122 shares, compared to its average volume of 1,081,863. The firm has a market capitalization of $10,453.85, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 3.32 and a beta of 0.81. Varian Medical Systems, Inc. has a 12 month low of $79.64 and a 12 month high of $130.29.

Varian Medical Systems (NYSE:VAR) last posted its earnings results on Wednesday, January 24th. The medical equipment provider reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.06. Varian Medical Systems had a return on equity of 27.13% and a net margin of 4.27%. The company had revenue of $678.50 million for the quarter, compared to analyst estimates of $633.96 million. During the same quarter in the prior year, the company earned $1.09 earnings per share. Varian Medical Systems’s revenue was up 12.8% compared to the same quarter last year. research analysts predict that Varian Medical Systems, Inc. will post 4.31 EPS for the current year.

Large investors have recently modified their holdings of the company. WASHINGTON TRUST Co lifted its position in shares of Varian Medical Systems by 100.0% in the fourth quarter. WASHINGTON TRUST Co now owns 970 shares of the medical equipment provider’s stock valued at $108,000 after acquiring an additional 485 shares in the last quarter. Advisory Services Network LLC lifted its position in shares of Varian Medical Systems by 3,418.8% in the fourth quarter. Advisory Services Network LLC now owns 1,689 shares of the medical equipment provider’s stock valued at $188,000 after acquiring an additional 1,641 shares in the last quarter. MUFG Americas Holdings Corp lifted its position in shares of Varian Medical Systems by 45.2% in the fourth quarter. MUFG Americas Holdings Corp now owns 1,713 shares of the medical equipment provider’s stock valued at $190,000 after acquiring an additional 533 shares in the last quarter. Catawba Capital Management VA purchased a new stake in shares of Varian Medical Systems in the fourth quarter valued at $210,000. Finally, Advisor Partners LLC purchased a new stake in shares of Varian Medical Systems in the fourth quarter valued at $223,000. Institutional investors and hedge funds own 99.19% of the company’s stock.

VAR has been the topic of a number of recent analyst reports. Citigroup upped their price objective on Varian Medical Systems from $128.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Zacks Investment Research raised Varian Medical Systems from a “sell” rating to a “hold” rating in a report on Monday, January 29th. BTIG Research reaffirmed a “hold” rating on shares of Varian Medical Systems in a report on Sunday, January 28th. Royal Bank of Canada set a $105.00 price objective on Varian Medical Systems and gave the stock a “hold” rating in a report on Thursday, November 30th. Finally, JPMorgan Chase & Co. upped their target price on Varian Medical Systems from $88.00 to $105.00 and gave the company a “neutral” rating in a report on Thursday, January 25th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $108.44.

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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.

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

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