Varian Medical Systems, Inc. (VAR) Holdings Increased by Koch Industries Inc.

Koch Industries Inc. raised its stake in Varian Medical Systems, Inc. (NYSE:VAR) by 57,988.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,327,901 shares of the medical equipment provider’s stock after purchasing an additional 1,325,615 shares during the quarter. Varian Medical Systems comprises approximately 0.4% of Koch Industries Inc.’s holdings, making the stock its 19th biggest holding. Koch Industries Inc. owned approximately 1.45% of Varian Medical Systems worth $1,315,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Park Avenue Securities LLC boosted its holdings in shares of Varian Medical Systems by 0.4% in the 2nd quarter. Park Avenue Securities LLC now owns 2,276 shares of the medical equipment provider’s stock valued at $234,000 after purchasing an additional 9 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of 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 last quarter. Cleararc Capital Inc. boosted its holdings in shares of Varian Medical Systems by 1.1% in the 1st quarter. Cleararc Capital Inc. now owns 2,298 shares of the medical equipment provider’s stock valued at $209,000 after purchasing an additional 26 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Varian Medical Systems by 0.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,622 shares of the medical equipment provider’s stock valued at $330,000 after purchasing an additional 26 shares during the last quarter. Finally, Conning Inc. boosted its holdings in shares of Varian Medical Systems by 1.3% in the 2nd quarter. Conning Inc. now owns 2,381 shares of the medical equipment provider’s stock valued at $246,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 99.28% of the company’s stock.

In other news, insider Dow R. Wilson sold 15,059 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $96.48, for a total transaction of $1,452,892.32. Following the transaction, the insider now owns 81,835 shares in the company, valued at approximately $7,895,440.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kolleen T. Kennedy sold 1,088 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $97.91, for a total transaction of $106,526.08. Following the transaction, the executive vice president now owns 26,600 shares in the company, valued at approximately $2,604,406. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,868 shares of company stock worth $5,582,067. 0.91% of the stock is currently owned by company insiders.

Varian Medical Systems, Inc. (VAR) traded up 0.41% during trading on Friday, hitting $102.69. 123,247 shares of the company traded hands. Varian Medical Systems, Inc. has a one year low of $75.20 and a one year high of $107.87. The firm has a 50 day moving average of $103.87 and a 200 day moving average of $99.29. The firm has a market cap of $9.43 billion, a P/E ratio of 33.80 and a beta of 0.56.

Varian Medical Systems (NYSE:VAR) last announced its quarterly earnings results on Wednesday, July 26th. The medical equipment provider reported $1.04 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $662.40 million for the quarter, compared to analyst estimates of $663.86 million. During the same quarter in the prior year, the business posted $1.00 EPS. Varian Medical Systems’s quarterly revenue was up 3.0% on a year-over-year basis. On average, analysts expect that Varian Medical Systems, Inc. will post $3.93 earnings per share for the current fiscal year.

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A number of equities analysts have weighed in on VAR shares. Royal Bank Of Canada reiterated a “hold” rating and issued a $100.00 price target on shares of Varian Medical Systems in a report on Friday, September 1st. BTIG Research lowered shares of Varian Medical Systems from a “buy” rating to a “neutral” rating in a report on Thursday, September 7th. They noted that the move was a valuation call. Robert W. Baird reiterated a “hold” rating and issued a $99.00 price target on shares of Varian Medical Systems in a report on Monday, August 28th. Zacks Investment Research lowered shares of Varian Medical Systems from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Finally, BidaskClub lowered shares of Varian Medical Systems from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. Varian Medical Systems currently has a consensus rating of “Hold” and an average price target of $94.94.

Varian Medical Systems 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.

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

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