Varian Medical Systems, Inc. (VAR) Holdings Maintained by Baillie Gifford & Co.

Baillie Gifford & Co. maintained its stake in Varian Medical Systems, Inc. (NYSE:VAR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,667 shares of the medical equipment provider’s stock at the close of the second quarter. Baillie Gifford & Co. owned approximately 0.11% of Varian Medical Systems worth $10,388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. First Mercantile Trust Co. grew its position in shares of Varian Medical Systems by 2.3% during the first quarter. First Mercantile Trust Co. now owns 1,093 shares of the medical equipment provider’s stock worth $100,000 after buying an additional 25 shares in the last quarter. Manchester Capital Management LLC grew its position in shares of Varian Medical Systems by 16.5% during the second quarter. Manchester Capital Management LLC now owns 1,057 shares of the medical equipment provider’s stock worth $109,000 after buying an additional 150 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Varian Medical Systems by 16.7% during the first quarter. Parallel Advisors LLC now owns 1,232 shares of the medical equipment provider’s stock worth $113,000 after buying an additional 176 shares in the last quarter. Heritage Trust Co acquired a new position in shares of Varian Medical Systems during the first quarter worth about $118,000. Finally, Penserra Capital Management LLC grew its position in shares of Varian Medical Systems by 9.5% during the first quarter. Penserra Capital Management LLC now owns 1,610 shares of the medical equipment provider’s stock worth $146,000 after buying an additional 140 shares in the last quarter. 99.64% of the stock is owned by institutional investors and hedge funds.

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Varian Medical Systems, Inc. (NYSE:VAR) opened at 107.19 on Tuesday. Varian Medical Systems, Inc. has a one year low of $75.20 and a one year high of $107.34. The firm has a market capitalization of $9.84 billion, a P/E ratio of 35.28 and a beta of 0.58. The company has a 50-day moving average price of $100.86 and a 200-day moving average price of $96.82.

Varian Medical Systems (NYSE:VAR) last issued its quarterly earnings data on Wednesday, July 26th. The medical equipment provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.09. Varian Medical Systems had a return on equity of 24.70% and a net margin of 9.50%. The firm had revenue of $662.40 million during the quarter, compared to analyst estimates of $663.86 million. During the same quarter last year, the firm earned $1.00 EPS. Varian Medical Systems’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities research analysts anticipate that Varian Medical Systems, Inc. will post $3.93 EPS for the current year.

In other Varian Medical Systems news, SVP John W. Kuo sold 1,597 shares of the firm’s stock in a transaction that occurred on Thursday, July 13th. The stock was sold at an average price of $104.43, for a total transaction of $166,774.71. Following the completion of the sale, the senior vice president now owns 28,224 shares in the company, valued at approximately $2,947,432.32. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP John W. Kuo sold 863 shares of the firm’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $104.48, for a total value of $90,166.24. Following the sale, the senior vice president now owns 28,224 shares of the company’s stock, valued at approximately $2,948,843.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,858 shares of company stock valued at $8,123,240. 0.91% of the stock is owned by insiders.

A number of equities analysts have recently commented on the company. BTIG Research downgraded Varian Medical Systems from a “buy” rating to a “neutral” rating in a research report on Thursday, September 7th. They noted that the move was a valuation call. Royal Bank Of Canada reissued a “hold” rating and set a $100.00 price objective on shares of Varian Medical Systems in a research report on Friday, September 1st. Zacks Investment Research downgraded Varian Medical Systems from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Robert W. Baird reaffirmed a “neutral” rating and issued a $99.00 price target (up from $89.00) on shares of Varian Medical Systems in a report on Friday, July 14th. Finally, BidaskClub raised Varian Medical Systems from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $97.39.

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)

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