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Varian Medical Systems (NYSE:VAR) Director Venkatraman Thyagarajan sold 5,000 shares of Varian Medical Systems stock on the open market in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $84.25, for a total value of $421,250.00. Following the sale, the director now directly owns 4,742 shares in the company, valued at approximately $399,514. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of Varian Medical Systems (NYSE:VAR) traded down 0.54% on Wednesday, hitting $84.23. The stock had a trading volume of 680,087 shares. Varian Medical Systems has a 52-week low of $70.10 and a 52-week high of $87.85. The stock has a 50-day moving average of $84.27 and a 200-day moving average of $82.7. The company has a market cap of $8.693 billion and a P/E ratio of 21.75.

Varian Medical Systems (NYSE:VAR) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.08 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.09 by $0.01. The company had revenue of $747.70 million for the quarter, compared to the consensus estimate of $767.52 million. During the same quarter last year, the company posted $1.03 earnings per share. Varian Medical Systems’s revenue was up 3.0% compared to the same quarter last year. Analysts expect that Varian Medical Systems will post $4.25 EPS for the current fiscal year.

VAR has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Varian Medical Systems in a research note on Friday, July 25th. They now have a $88.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Varian Medical Systems in a research note on Thursday, July 24th. They now have a $98.00 price target on the stock, up previously from $92.00. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Varian Medical Systems in a research note on Thursday, July 24th. They now have a $95.00 price target on the stock, up previously from $85.00. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Varian Medical Systems has an average rating of “Hold” and an average price target of $87.22.

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.

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