John W. Kuo Sells 3,876 Shares of Varian Medical Systems, Inc. (VAR) Stock

Varian Medical Systems, Inc. (NYSE:VAR) SVP John W. Kuo sold 3,876 shares of the stock in a transaction on Friday, March 17th. The shares were sold at an average price of $91.75, for a total value of $355,623.00. Following the completion of the transaction, the senior vice president now directly owns 30,926 shares in the company, valued at approximately $2,837,460.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Varian Medical Systems, Inc. (NYSE:VAR) traded down 0.01% during trading on Monday, hitting $91.51. The company’s stock had a trading volume of 860,589 shares. The firm’s 50 day moving average price is $83.72 and its 200-day moving average price is $90.56. The company has a market cap of $8.55 billion, a PE ratio of 26.06 and a beta of 0.69. Varian Medical Systems, Inc. has a 52 week low of $67.26 and a 52 week high of $93.56.

Insider Buying and Selling by Quarter for Varian Medical Systems (NYSE:VAR)

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Institutional investors have recently modified their holdings of the company. Penserra Capital Management LLC raised its position in shares of Varian Medical Systems by 100.0% in the third quarter. Penserra Capital Management LLC now owns 1,260 shares of the company’s stock worth $125,000 after buying an additional 630 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Varian Medical Systems by 22.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,946 shares of the company’s stock worth $180,000 after buying an additional 357 shares in the last quarter. Advisor Group Inc. raised its position in shares of Varian Medical Systems by 10.3% in the third quarter. Advisor Group Inc. now owns 1,997 shares of the company’s stock worth $194,000 after buying an additional 186 shares in the last quarter. FineMark National Bank & Trust raised its position in shares of Varian Medical Systems by 873.8% in the third quarter. FineMark National Bank & Trust now owns 2,006 shares of the company’s stock worth $200,000 after buying an additional 1,800 shares in the last quarter. Finally, Federated Investors Inc. PA purchased a new position in shares of Varian Medical Systems during the fourth quarter worth approximately $200,000. Hedge funds and other institutional investors own 99.79% of the company’s stock.

VAR has been the topic of several recent analyst reports. Royal Bank of Canada reissued a “hold” rating on shares of Varian Medical Systems in a report on Friday, January 6th. Jefferies Group LLC reaffirmed a “buy” rating and set a $102.00 price objective on shares of Varian Medical Systems in a report on Friday, December 23rd. Evercore ISI lowered Varian Medical Systems from a “hold” rating to a “sell” rating and set a $81.50 price objective on the stock. in a report on Thursday, January 26th. TheStreet lowered Varian Medical Systems from a “b-” rating to a “c” rating in a report on Wednesday, February 8th. Finally, Barrington Research raised their price objective on Varian Medical Systems from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Friday, January 27th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $92.15.

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.

5 Day Chart for NYSE:VAR

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