Timothy E. Guertin Sells 10,000 Shares of Varian Medical Systems, Inc. (VAR) Stock

Varian Medical Systems, Inc. (NYSE:VAR) Director Timothy E. Guertin sold 10,000 shares of the firm’s stock in a transaction dated 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 sale was disclosed in a document filed with the SEC, which is accessible through this link.

Varian Medical Systems, Inc. (VAR) opened at $109.86 on Friday. The company has a market capitalization of $10,070.00, a P/E ratio of 39.80, a price-to-earnings-growth ratio of 3.26 and a beta of 0.68. Varian Medical Systems, Inc. has a 12-month low of $76.94 and a 12-month high of $114.09.

Varian Medical Systems (NYSE:VAR) last released its quarterly earnings results on Wednesday, October 25th. The medical equipment provider reported $1.09 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.10). The firm had revenue of $739.00 million for the quarter, compared to analyst estimates of $741.69 million. Varian Medical Systems had a return on equity of 23.68% and a net margin of 8.85%. The company’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the firm earned $1.03 EPS. research analysts predict that Varian Medical Systems, Inc. will post 4.25 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on VAR shares. BTIG Research reissued a “hold” rating on shares of Varian Medical Systems in a research report on Sunday, October 29th. Royal Bank of Canada set a $105.00 target price on Varian Medical Systems and gave the stock a “hold” rating in a research report on Thursday, November 30th. Citigroup raised their target price on Varian Medical Systems from $119.00 to $121.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Zacks Investment Research lowered Varian Medical Systems from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Finally, Evercore ISI started coverage on Varian Medical Systems in a research report on Wednesday. They set an “underperform” rating and a $100.00 target price on the stock. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. Varian Medical Systems currently has an average rating of “Hold” and a consensus price target of $100.44.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Manchester Capital Management LLC increased its position in 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 during the period. Northwestern Mutual Wealth Management Co. increased its position in Varian Medical Systems by 0.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,912 shares of the medical equipment provider’s stock worth $197,000 after buying an additional 11 shares during the period. Pacer Advisors Inc. increased its position in Varian Medical Systems by 8.0% during the second quarter. Pacer Advisors Inc. now owns 1,960 shares of the medical equipment provider’s stock worth $202,000 after buying an additional 145 shares during the period. Chilton Capital Management LLC acquired a new position in Varian Medical Systems during the second quarter worth approximately $205,000. Finally, Convergence Investment Partners LLC acquired a new position in Varian Medical Systems during the third quarter worth approximately $219,000. 99.10% of the stock is currently owned by institutional investors.

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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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