Today, Public Employees Retirement Association of Colorado Sold shares of Varian Medical Systems Inc. (VAR)

Today, Public Employees Retirement Association of Colorado Sold shares of Varian Medical Systems Inc. (VAR)

Public Employees Retirement Association of Colorado lowered its position in Varian Medical Systems Inc. (NYSE:VAR) by 2.2% during the third quarter, Holdings Channel reports. The fund owned 19,576 shares of the company’s stock after selling 434 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Varian Medical Systems were worth $1,948,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of VAR. Feltz Wealth PLAN Inc. bought a new stake in shares of Varian Medical Systems during the second quarter valued at about $115,000. Global X Management Co. LLC increased its stake in shares of Varian Medical Systems by 143.0% in the second quarter. Global X Management Co. LLC now owns 1,662 shares of the company’s stock valued at $137,000 after buying an additional 978 shares during the period. Advisor Group Inc. bought a new stake in shares of Varian Medical Systems during the second quarter valued at about $146,000. Pacer Advisors Inc. increased its stake in shares of Varian Medical Systems by 8.7% in the second quarter. Pacer Advisors Inc. now owns 1,780 shares of the company’s stock valued at $146,000 after buying an additional 143 shares during the period. Finally, Huntington National Bank increased its stake in shares of Varian Medical Systems by 218.3% in the second quarter. Huntington National Bank now owns 2,378 shares of the company’s stock valued at $196,000 after buying an additional 1,631 shares during the period. Institutional investors and hedge funds own 99.11% of the company’s stock.

Varian Medical Systems Inc. (NYSE:VAR) opened at 92.14 on Friday. Varian Medical Systems Inc. has a 52 week low of $73.18 and a 52 week high of $106.70. The company has a 50-day moving average of $92.62 and a 200-day moving average of $90.35. The company has a market capitalization of $8.63 billion, a PE ratio of 21.99 and a beta of 0.67.

Varian Medical Systems (NYSE:VAR) last released its earnings results on Wednesday, October 26th. The company reported $1.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.04. Varian Medical Systems had a net margin of 12.51% and a return on equity of 26.57%. The firm earned $912 million during the quarter, compared to the consensus estimate of $880.29 million. During the same period in the prior year, the firm earned $1.04 EPS. The company’s revenue was up 11.5% compared to the same quarter last year. On average, equities research analysts anticipate that Varian Medical Systems Inc. will post $4.93 EPS for the current year.

Several equities research analysts have issued reports on the stock. BTIG Research restated a “hold” rating on shares of Varian Medical Systems in a research report on Monday, October 31st. Zacks Investment Research downgraded shares of Varian Medical Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, October 25th. Jefferies Group reiterated a “buy” rating and issued a $98.00 price target on shares of Varian Medical Systems in a research report on Wednesday, September 28th. Finally, Robert W. Baird lifted their price target on shares of Varian Medical Systems from $91.00 to $99.00 and gave the company a “neutral” rating in a research report on Wednesday, September 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Varian Medical Systems currently has a consensus rating of “Hold” and a consensus target price of $93.38.

In other news, SVP John W. Kuo sold 21,266 shares of the stock in a transaction that occurred on Thursday, October 20th. The shares were sold at an average price of $103.70, for a total transaction of $2,205,284.20. Following the completion of the transaction, the senior vice president now directly owns 45,293 shares of the company’s stock, valued at approximately $4,696,884.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dow R. Wilson sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $96.08, for a total transaction of $960,800.00. Following the transaction, the insider now directly owns 70,598 shares of the company’s stock, valued at $6,783,055.84. The disclosure for this sale can be found here. Insiders own 0.86% 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. The Company is a supplier of X-ray imaging components for medical, scientific, and industrial applications and supplies X-ray imaging products for cargo screening and industrial inspection.

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