Varian Medical Systems, Inc. (VAR) Stake Boosted by Mason Street Advisors LLC

Mason Street Advisors LLC increased its stake in Varian Medical Systems, Inc. (NYSE:VAR) by 1.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,916 shares of the medical equipment provider’s stock after buying an additional 138 shares during the period. Mason Street Advisors LLC’s holdings in Varian Medical Systems were worth $1,177,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. First Mercantile Trust Co. boosted its stake in shares of 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. Heritage Trust Co bought a new stake in Varian Medical Systems during the first quarter valued at about $118,000. Penserra Capital Management LLC boosted 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 period. IFP Advisors Inc boosted its stake in Varian Medical Systems by 8.0% in the first quarter. IFP Advisors Inc now owns 1,918 shares of the medical equipment provider’s stock valued at $175,000 after buying an additional 142 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in Varian Medical Systems by 22.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,946 shares of the medical equipment provider’s stock valued at $180,000 after buying an additional 357 shares during the period. Institutional investors and hedge funds own 99.68% of the company’s stock.

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

Shares of Varian Medical Systems, Inc. (NYSE VAR) traded up 0.23% during midday trading on Friday, hitting $102.91. 114,315 shares of the company’s stock were exchanged. The firm has a market cap of $9.46 billion, a PE ratio of 33.21 and a beta of 0.63. Varian Medical Systems, Inc. has a one year low of $68.08 and a one year high of $103.79. The stock’s 50-day moving average price is $97.17 and its 200 day moving average price is $86.99.

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

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Several equities research analysts have recently weighed in on VAR shares. Zacks Investment Research raised shares of Varian Medical Systems from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 6th. Off Wall Street assumed coverage on shares of Varian Medical Systems in a research report on Monday, April 24th. They set a “sell” rating for the company. Royal Bank of Canada increased their target price on shares of Varian Medical Systems from $82.00 to $90.00 and gave the company a “sector perform” rating in a research report on Thursday, April 27th. Barrington Research lowered shares of Varian Medical Systems from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 27th. Finally, TheStreet upgraded shares of Varian Medical Systems from a “c+” rating to a “b+” rating in a research note on Wednesday, April 26th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $93.54.

In related news, Director Mark R. Laret sold 1,428 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $103.47, for a total value of $147,755.16. Following the completion of the sale, the director now directly owns 3,289 shares in the company, valued at approximately $340,312.83. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP John W. Kuo sold 734 shares of Varian Medical Systems stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $101.91, for a total value of $74,801.94. Following the completion of the transaction, the senior vice president now directly owns 28,095 shares in the company, valued at $2,863,161.45. The disclosure for this sale can be found here. Insiders have sold a total of 101,819 shares of company stock valued at $10,178,052 over the last 90 days. Corporate 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.

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