Caisse DE Depot ET Placement DU Quebec Has $1.22 Million Position in Varian Medical Systems, Inc. (VAR)

Caisse DE Depot ET Placement DU Quebec cut its stake in Varian Medical Systems, Inc. (NYSE:VAR) by 46.5% during the first quarter, Holdings Channel reports. The fund owned 13,335 shares of the medical equipment provider’s stock after selling 11,600 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Varian Medical Systems were worth $1,217,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. First Mercantile Trust Co. raised its stake in Varian Medical Systems by 2.3% in the first quarter. First Mercantile Trust Co. now owns 1,093 shares of the medical equipment provider’s stock valued at $100,000 after buying an additional 25 shares during the last quarter. Parallel Advisors LLC raised its stake in Varian Medical Systems by 16.7% in the first quarter. Parallel Advisors LLC now owns 1,232 shares of the medical equipment provider’s stock valued at $113,000 after buying an additional 176 shares during the last quarter. Heritage Trust Co acquired a new stake in Varian Medical Systems during the first quarter valued at about $118,000. Penserra Capital Management LLC raised its stake in Varian Medical Systems by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,610 shares of the medical equipment provider’s stock valued at $146,000 after buying an additional 140 shares during the last quarter. Finally, Pacer Advisors Inc. raised its stake in Varian Medical Systems by 3.1% in the first quarter. Pacer Advisors Inc. now owns 1,815 shares of the medical equipment provider’s stock valued at $165,000 after buying an additional 55 shares during the last quarter. 99.69% of the stock is owned by institutional investors.

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

Varian Medical Systems, Inc. (NYSE:VAR) traded down 0.081% on Tuesday, hitting $104.525. 389,044 shares of the stock were exchanged. The stock has a market cap of $9.61 billion, a PE ratio of 33.729 and a beta of 0.63. Varian Medical Systems, Inc. has a 1-year low of $68.08 and a 1-year high of $105.30. The company’s 50 day moving average is $97.97 and its 200 day moving average is $87.47.

Varian Medical Systems (NYSE:VAR) last announced its quarterly earnings results on Wednesday, April 26th. The medical equipment provider reported $0.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.01. The firm had revenue of $655 million for the quarter, compared to analyst estimates of $639.26 million. Varian Medical Systems had a net margin of 9.39% and a return on equity of 24.82%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 EPS. On average, equities research analysts expect that Varian Medical Systems, Inc. will post $3.90 earnings per share for the current year.

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VAR has been the subject of several recent research reports. TheStreet raised shares of Varian Medical Systems from a “c+” rating to a “b+” rating in a research report on Wednesday, April 26th. Citigroup Inc. raised shares of Varian Medical Systems from a “neutral” rating to a “buy” rating in a report on Monday, May 15th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Varian Medical Systems in a report on Thursday, May 11th. BTIG Research raised shares of Varian Medical Systems from a “neutral” rating to a “buy” rating and set a $106.00 price target for the company in a report on Monday, May 8th. Finally, BidaskClub lowered shares of Varian Medical Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $93.54.

In other Varian Medical Systems news, SVP John W. Kuo sold 864 shares of the business’s stock in a transaction on Wednesday, April 12th. The shares were sold at an average price of $89.74, for a total value of $77,535.36. Following the sale, the senior vice president now owns 27,914 shares of the company’s stock, valued at approximately $2,505,002.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Susan L. Bostrom sold 3,589 shares of the business’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $91.08, for a total transaction of $326,886.12. Following the completion of the sale, the director now directly owns 3,809 shares in the company, valued at approximately $346,923.72. The disclosure for this sale can be found here. Insiders sold a total of 101,819 shares of company stock worth $10,178,052 in the last three months. Insiders own 0.91% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “VAR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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