Varian Medical Systems, Inc. (NYSE:VAR) insider Dow R. Wilson sold 15,059 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $96.48, for a total transaction of $1,452,892.32. Following the sale, the insider now directly owns 81,835 shares in the company, valued at $7,895,440.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of Varian Medical Systems, Inc. (VAR) traded down 0.62% on Tuesday, hitting $95.88. 597,426 shares of the stock were exchanged. The company has a market cap of $8.79 billion, a price-to-earnings ratio of 31.56 and a beta of 0.61. Varian Medical Systems, Inc. has a 52-week low of $75.20 and a 52-week high of $107.08. The company has a 50 day moving average of $102.77 and a 200 day moving average of $92.76.

Varian Medical Systems (NYSE:VAR) last issued its earnings results on Wednesday, July 26th. The medical equipment provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.09. Varian Medical Systems had a net margin of 9.50% and a return on equity of 24.70%. The firm had revenue of $662.40 million for the quarter, compared to analysts’ expectations of $663.86 million. During the same quarter last year, the business earned $1.00 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. Equities research analysts forecast that Varian Medical Systems, Inc. will post $3.95 earnings per share for the current year.

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VAR has been the topic of a number of research reports. Off Wall Street initiated coverage on shares of Varian Medical Systems in a report on Monday, April 24th. They set a “sell” rating on the stock. Royal Bank Of Canada boosted their target price on shares of Varian Medical Systems from $82.00 to $90.00 and gave the stock a “sector perform” rating in a report on Thursday, April 27th. Barrington Research lowered shares of Varian Medical Systems from an “outperform” rating to a “market perform” rating in a report on Thursday, April 27th. Zacks Investment Research lowered shares of Varian Medical Systems from a “hold” rating to a “sell” rating in a report on Friday, April 28th. Finally, TheStreet raised shares of Varian Medical Systems from a “c+” rating to a “b+” rating in a report on Wednesday, April 26th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $96.28.

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in Varian Medical Systems by 3,169.5% in the first quarter. BlackRock Inc. now owns 7,899,768 shares of the medical equipment provider’s stock valued at $719,907,000 after buying an additional 7,658,148 shares during the period. Wells Fargo & Company MN boosted its stake in Varian Medical Systems by 318.2% in the first quarter. Wells Fargo & Company MN now owns 1,302,180 shares of the medical equipment provider’s stock valued at $118,667,000 after buying an additional 990,791 shares during the period. FMR LLC boosted its stake in Varian Medical Systems by 324.5% in the first quarter. FMR LLC now owns 1,006,924 shares of the medical equipment provider’s stock valued at $91,760,000 after buying an additional 769,718 shares during the period. Point72 Asset Management L.P. bought a new stake in Varian Medical Systems during the first quarter valued at $32,433,000. Finally, First Eagle Investment Management LLC boosted its stake in Varian Medical Systems by 7.5% in the first quarter. First Eagle Investment Management LLC now owns 4,641,466 shares of the medical equipment provider’s stock valued at $422,977,000 after buying an additional 323,406 shares during the period. Hedge funds and other institutional investors own 99.27% 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.

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

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