State Board of Administration of Florida Retirement System Acquires 7,541 Shares of Varian Medical Systems, Inc. (NYSE:VAR)

Share on StockTwits

State Board of Administration of Florida Retirement System lifted its holdings in shares of Varian Medical Systems, Inc. (NYSE:VAR) by 5.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 144,511 shares of the medical equipment provider’s stock after acquiring an additional 7,541 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.16% of Varian Medical Systems worth $19,672,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in VAR. FMR LLC increased its position in shares of Varian Medical Systems by 245.7% during the 1st quarter. FMR LLC now owns 1,300,060 shares of the medical equipment provider’s stock worth $184,244,000 after purchasing an additional 923,949 shares in the last quarter. BlackRock Inc. increased its position in shares of Varian Medical Systems by 10.5% during the 1st quarter. BlackRock Inc. now owns 7,997,119 shares of the medical equipment provider’s stock worth $1,133,353,000 after purchasing an additional 760,049 shares in the last quarter. First Trust Advisors LP increased its position in shares of Varian Medical Systems by 4,724.5% during the 1st quarter. First Trust Advisors LP now owns 316,002 shares of the medical equipment provider’s stock worth $44,784,000 after purchasing an additional 309,452 shares in the last quarter. TD Asset Management Inc. increased its position in shares of Varian Medical Systems by 150.7% during the 2nd quarter. TD Asset Management Inc. now owns 190,218 shares of the medical equipment provider’s stock worth $25,894,000 after purchasing an additional 114,352 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in shares of Varian Medical Systems by 23.3% during the 1st quarter. California Public Employees Retirement System now owns 585,040 shares of the medical equipment provider’s stock worth $82,912,000 after purchasing an additional 110,568 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. ValuEngine cut shares of Varian Medical Systems from a “buy” rating to a “hold” rating in a research report on Tuesday. Citigroup lowered their price objective on shares of Varian Medical Systems from $174.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. BTIG Research restated a “hold” rating on shares of Varian Medical Systems in a research report on Wednesday, July 24th. Barrington Research restated a “buy” rating and issued a $142.00 price objective on shares of Varian Medical Systems in a research report on Thursday, July 25th. Finally, Robert W. Baird set a $158.00 price objective on shares of Varian Medical Systems and gave the company a “buy” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. Varian Medical Systems presently has a consensus rating of “Hold” and a consensus price target of $141.22.

VAR opened at $106.12 on Friday. The stock has a market capitalization of $9.88 billion, a PE ratio of 24.01, a PEG ratio of 2.94 and a beta of 0.84. Varian Medical Systems, Inc. has a 1-year low of $101.42 and a 1-year high of $142.50. The firm has a 50-day moving average price of $122.17 and a two-hundred day moving average price of $131.19.

Varian Medical Systems (NYSE:VAR) last posted its quarterly earnings data on Wednesday, July 24th. The medical equipment provider reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.18. The firm had revenue of $825.80 million during the quarter, compared to analysts’ expectations of $762.29 million. Varian Medical Systems had a net margin of 10.75% and a return on equity of 24.91%. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.04 EPS. On average, sell-side analysts expect that Varian Medical Systems, Inc. will post 4.62 EPS for the current fiscal year.

In other news, SVP John W. Kuo sold 465 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $110.49, for a total value of $51,377.85. Following the transaction, the senior vice president now owns 35,566 shares of the company’s stock, valued at approximately $3,929,687.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Gary E. Bischoping, Jr. sold 56,232 shares of the firm’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $132.56, for a total transaction of $7,454,113.92. Following the completion of the transaction, the senior vice president now directly owns 27,393 shares in the company, valued at approximately $3,631,216.08. The disclosure for this sale can be found here. Insiders sold a total of 73,305 shares of company stock worth $9,749,453 in the last ninety days. Insiders own 0.78% of the company’s stock.

About Varian Medical Systems

Varian Medical Systems, Inc designs, manufactures, sells, and services medical devices and software products for treating cancer and other medical conditions worldwide. It operates through two segments, Oncology Systems and Proton Solutions. The Oncology Systems segment offers hardware and software products for treating cancer with radiotherapy, fixed field intensity-modulated radiation therapy, image-guided radiation therapy, volumetric modulated arc therapy, stereotactic radiosurgery, stereotactic body radiotherapy, and brachytherapy, as well as related quality assurance equipment.

Further Reading: What are the advantages of the Stochastic Momentum Index?

Want to see what other hedge funds are holding VAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Varian Medical Systems, Inc. (NYSE:VAR).

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

Receive News & Ratings for Varian Medical Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varian Medical Systems and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

State Board of Administration of Florida Retirement System Trims Position in Broadridge Financial Solutions, Inc.
State Board of Administration of Florida Retirement System Trims Position in Broadridge Financial Solutions, Inc.
State Board of Administration of Florida Retirement System Grows Stake in WellCare Health Plans, Inc.
State Board of Administration of Florida Retirement System Grows Stake in WellCare Health Plans, Inc.
State Board of Administration of Florida Retirement System Has $19.61 Million Stock Position in Akamai Technologies, Inc.
State Board of Administration of Florida Retirement System Has $19.61 Million Stock Position in Akamai Technologies, Inc.
State Board of Administration of Florida Retirement System Acquires 7,541 Shares of Varian Medical Systems, Inc.
State Board of Administration of Florida Retirement System Acquires 7,541 Shares of Varian Medical Systems, Inc.
State Board of Administration of Florida Retirement System Boosts Stock Holdings in CenterPoint Energy, Inc.
State Board of Administration of Florida Retirement System Boosts Stock Holdings in CenterPoint Energy, Inc.
Gartner Inc  Shares Bought by State Board of Administration of Florida Retirement System
Gartner Inc Shares Bought by State Board of Administration of Florida Retirement System


© 2006-2019 Ticker Report