Varian Medical Systems, Inc. (NYSE:VAR) EVP Kolleen T. Kennedy sold 2,021 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $107.36, for a total value of $216,974.56. Following the completion of the transaction, the executive vice president now directly owns 27,595 shares of the company’s stock, valued at $2,962,599.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Varian Medical Systems, Inc. (VAR) traded up $0.69 during midday trading on Tuesday, hitting $108.24. The stock had a trading volume of 639,700 shares, compared to its average volume of 876,119. The stock has a market cap of $9,873.19, a PE ratio of 28.53, a PEG ratio of 3.16 and a beta of 0.65. The company has a current ratio of 1.41, a quick ratio of 1.13 and a debt-to-equity ratio of 0.18. Varian Medical Systems, Inc. has a fifty-two week low of $76.94 and a fifty-two week high of $108.78.

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

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Several research analysts recently commented on the company. Citigroup Inc. increased their price objective on Varian Medical Systems from $119.00 to $121.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. BTIG Research reissued a “hold” rating on shares of Varian Medical Systems in a research note on Sunday, October 29th. Zacks Investment Research downgraded Varian Medical Systems from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Royal Bank Of Canada reissued a “hold” rating and issued a $100.00 price objective on shares of Varian Medical Systems in a research note on Friday, September 1st. Finally, Robert W. Baird reissued a “hold” rating and issued a $99.00 price objective on shares of Varian Medical Systems in a research note on Monday, August 28th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. Varian Medical Systems currently has an average rating of “Hold” and a consensus target price of $97.83.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Manchester Capital Management LLC grew 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 purchasing an additional 150 shares during the period. Parallel Advisors LLC grew 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 purchasing an additional 125 shares during the period. Penserra Capital Management LLC grew its holdings in shares of Varian Medical Systems by 13.0% during the 2nd quarter. Penserra Capital Management LLC now owns 1,820 shares of the medical equipment provider’s stock worth $187,000 after purchasing an additional 210 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Varian Medical Systems by 0.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,912 shares of the medical equipment provider’s stock worth $197,000 after purchasing an additional 11 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in shares of Varian Medical Systems by 8.0% during the 2nd quarter. Pacer Advisors Inc. now owns 1,960 shares of the medical equipment provider’s stock worth $202,000 after purchasing an additional 145 shares during the period. Institutional investors and hedge funds own 99.15% of the company’s stock.

About Varian Medical Systems

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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