Meag Munich Ergo Kapitalanlagegesellschaft MBH Buys New Holdings in Varian Medical Systems, Inc. (VAR)

Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in shares of Varian Medical Systems, Inc. (NYSE:VAR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,396 shares of the medical equipment provider’s stock, valued at approximately $497,000.

Other institutional investors have also made changes to their positions in the company. First Eagle Investment Management LLC grew its stake in Varian Medical Systems by 2.1% in the third quarter. First Eagle Investment Management LLC now owns 4,778,741 shares of the medical equipment provider’s stock worth $478,161,000 after purchasing an additional 99,270 shares in the last quarter. APG Asset Management N.V. grew its stake in Varian Medical Systems by 6.7% in the fourth quarter. APG Asset Management N.V. now owns 1,780,901 shares of the medical equipment provider’s stock worth $164,846,000 after purchasing an additional 111,482 shares in the last quarter. Koch Industries Inc. grew its stake in Varian Medical Systems by 57,988.4% in 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 in the last quarter. FMR LLC grew its stake in Varian Medical Systems by 28.7% in the second quarter. FMR LLC now owns 1,295,635 shares of the medical equipment provider’s stock worth $133,697,000 after purchasing an additional 288,711 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Varian Medical Systems by 15.9% in the third quarter. Bank of New York Mellon Corp now owns 1,134,054 shares of the medical equipment provider’s stock worth $113,474,000 after purchasing an additional 155,954 shares in the last quarter. Institutional investors own 99.19% of the company’s stock.

In other news, insider Dow R. Wilson sold 88,766 shares of Varian Medical Systems stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $111.00, for a total transaction of $9,853,026.00. Following the sale, the insider now owns 155,542 shares of the company’s stock, valued at $17,265,162. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Timothy E. Guertin sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $111.46, for a total value of $1,114,600.00. Following the sale, the director now directly owns 2,161 shares in the company, valued at approximately $240,865.06. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 139,842 shares of company stock worth $15,923,110. Corporate insiders own 0.78% of the company’s stock.

A number of research firms recently commented on VAR. Citigroup lifted their price target on Varian Medical Systems from $128.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Barrington Research upgraded Varian Medical Systems from a “market perform” rating to an “outperform” rating and set a $130.00 target price for the company in a research note on Thursday, January 25th. BTIG Research restated a “hold” rating on shares of Varian Medical Systems in a research note on Sunday, January 28th. JPMorgan Chase & Co. lifted their target price on Varian Medical Systems from $88.00 to $105.00 and gave the company a “neutral” rating in a research note on Thursday, January 25th. Finally, Goldman Sachs Group downgraded Varian Medical Systems from a “neutral” rating to a “sell” rating and set a $98.00 target price for the company. in a research note on Thursday, January 25th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $108.44.

Shares of Varian Medical Systems, Inc. (VAR) traded up $1.66 during mid-day 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 P/E ratio of 28.06, a P/E/G 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 released its quarterly earnings results on Wednesday, January 24th. The medical equipment provider reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.06. The company had revenue of $678.50 million for the quarter, compared to analysts’ expectations of $633.96 million. Varian Medical Systems had a return on equity of 27.13% and a net margin of 4.27%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 earnings per share. analysts forecast that Varian Medical Systems, Inc. will post 4.31 EPS for the current year.

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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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