Insider Selling: Varian Medical Systems, Inc. (VAR) SVP Sells 6,442 Shares of Stock

Varian Medical Systems, Inc. (NYSE:VAR) SVP John W. Kuo sold 6,442 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $120.67, for a total transaction of $777,356.14. Following the sale, the senior vice president now directly owns 28,224 shares in the company, valued at approximately $3,405,790.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Varian Medical Systems, Inc. (VAR) opened at $121.26 on Monday. Varian Medical Systems, Inc. has a 12 month low of $81.55 and a 12 month high of $130.29. The firm has a market cap of $11,090.00, a price-to-earnings ratio of 87.24, a PEG ratio of 3.52 and a beta of 0.81.

Varian Medical Systems (NYSE:VAR) last announced 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 net margin of 4.27% and a return on equity of 27.13%. The business had revenue of $678.50 million for the quarter, compared to the consensus estimate of $633.96 million. During the same quarter in the prior year, the firm posted $1.09 earnings per share. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. analysts anticipate that Varian Medical Systems, Inc. will post 4.31 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. WASHINGTON TRUST Co raised its stake 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 during the period. Advisory Services Network LLC raised its stake 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 during the period. MUFG Americas Holdings Corp raised its stake 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 during the period. Catawba Capital Management VA purchased a new stake in shares of Varian Medical Systems in the fourth quarter valued at $210,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Varian Medical Systems by 27.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,968 shares of the medical equipment provider’s stock valued at $218,000 after acquiring an additional 427 shares during the period. 99.19% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently issued reports on VAR shares. Zacks Investment Research downgraded shares of Varian Medical Systems from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. 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 note on Thursday, November 30th. TheStreet downgraded shares of Varian Medical Systems from a “b+” rating to a “c” rating in a research note on Monday, February 12th. Evercore ISI started coverage on shares of Varian Medical Systems in a research note on Wednesday, January 3rd. They set an “underperform” rating and a $100.00 price target on the stock. Finally, Citigroup upped 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 note on Monday, October 30th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price 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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