WINTON GROUP Ltd increased its position in shares of Varian Medical Systems, Inc. (NYSE:VAR) by 77.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,412 shares of the medical equipment provider’s stock after buying an additional 4,993 shares during the period. WINTON GROUP Ltd’s holdings in Varian Medical Systems were worth $1,142,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Manchester Capital Management LLC boosted its holdings in shares of Varian Medical Systems by 16.5% during the 2nd 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. Parallel Advisors LLC boosted its holdings in shares of Varian Medical Systems by 10.1% during the 2nd quarter. Parallel Advisors LLC now owns 1,357 shares of the medical equipment provider’s stock worth $132,000 after buying an additional 125 shares during the period. Penserra Capital Management LLC boosted its holdings in Varian Medical Systems by 13.0% in the 2nd quarter. Penserra Capital Management LLC now owns 1,820 shares of the medical equipment provider’s stock valued at $187,000 after purchasing an additional 210 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Varian Medical Systems by 0.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,912 shares of the medical equipment provider’s stock valued at $197,000 after purchasing an additional 11 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in Varian Medical Systems by 8.0% in the 2nd quarter. Pacer Advisors Inc. now owns 1,960 shares of the medical equipment provider’s stock valued at $202,000 after purchasing an additional 145 shares during the period. 99.15% of the stock is owned by institutional investors and hedge funds.

A number of analysts have weighed in on the stock. Royal Bank Of Canada set a $105.00 price target on shares of Varian Medical Systems and gave the company a “hold” rating in a report on Thursday, November 30th. Citigroup increased their price target on shares of Varian Medical Systems from $119.00 to $121.00 and gave the company a “neutral” rating in a report on Monday, October 30th. BTIG Research reissued a “hold” rating on shares of Varian Medical Systems in a report on Sunday, October 29th. Zacks Investment Research downgraded shares of Varian Medical Systems from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Finally, Robert W. Baird reissued a “hold” rating and issued a $99.00 price target on shares of Varian Medical Systems in a report on Monday, August 28th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $98.39.

Shares of Varian Medical Systems, Inc. (NYSE VAR) traded down $2.85 during trading on Tuesday, reaching $109.56. 946,800 shares of the company’s stock were exchanged, compared to its average volume of 867,071. Varian Medical Systems, Inc. has a 12-month low of $76.94 and a 12-month high of $113.58. The company has a market cap of $10,298.66, a P/E ratio of 29.82, a PEG ratio of 3.30 and a beta of 0.67.

Varian Medical Systems (NYSE:VAR) last announced its quarterly earnings data on Wednesday, October 25th. The medical equipment provider reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.10). Varian Medical Systems had a net margin of 8.85% and a return on equity of 23.68%. The business had revenue of $739.00 million during the quarter, compared to analyst estimates of $741.69 million. During the same quarter in the prior year, the company posted $1.03 EPS. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. equities research analysts anticipate that Varian Medical Systems, Inc. will post 4.26 earnings per share for the current year.

In other news, Director R Andrew Eckert sold 5,651 shares of the stock in a transaction on Friday, October 6th. The shares were sold at an average price of $102.39, for a total value of $578,605.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kolleen T. Kennedy sold 1,088 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $107.33, for a total transaction of $116,775.04. Following the completion of the transaction, the executive vice president now owns 27,688 shares of the company’s stock, valued at approximately $2,971,753.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,830 shares of company stock valued at $4,350,109. Corporate insiders own 0.91% of the company’s stock.

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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.

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

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