Global Retirement Partners LLC boosted its position in Varian Medical Systems, Inc. (NYSE:VAR) by 121.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 355 shares of the medical equipment provider’s stock after purchasing an additional 195 shares during the period. Global Retirement Partners LLC’s holdings in Varian Medical Systems were worth $40,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Pearl River Capital LLC acquired a new stake in Varian Medical Systems during the 4th quarter valued at $28,000. First Personal Financial Services increased its stake in shares of Varian Medical Systems by 58.8% in the fourth quarter. First Personal Financial Services now owns 351 shares of the medical equipment provider’s stock worth $40,000 after acquiring an additional 130 shares during the last quarter. Moody National Bank Trust Division acquired a new position in shares of Varian Medical Systems in the fourth quarter worth $49,000. Financial Gravity Companies Inc. acquired a new position in shares of Varian Medical Systems in the fourth quarter worth $49,000. Finally, Enlightenment Research LLC acquired a new position in shares of Varian Medical Systems in the fourth quarter worth $57,000. Institutional investors own 92.48% of the company’s stock.
Shares of NYSE VAR traded up $0.36 during mid-day trading on Wednesday, hitting $133.27. The company had a trading volume of 964,867 shares, compared to its average volume of 678,516. Varian Medical Systems, Inc. has a 12 month low of $101.42 and a 12 month high of $142.50. The stock has a market cap of $12.07 billion, a PE ratio of 30.15, a PEG ratio of 3.46 and a beta of 0.86.
VAR has been the topic of a number of research reports. Robert W. Baird raised shares of Varian Medical Systems from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $127.00 to $162.00 in a research note on Friday, March 22nd. Goldman Sachs Group raised shares of Varian Medical Systems from a “neutral” rating to a “buy” rating and upped their price target for the stock from $107.00 to $129.00 in a research note on Friday, January 4th. Citigroup decreased their price target on shares of Varian Medical Systems from $145.00 to $131.00 and set a “buy” rating for the company in a report on Wednesday, January 2nd. BTIG Research restated a “hold” rating on shares of Varian Medical Systems in a report on Thursday, January 24th. Finally, Zacks Investment Research upgraded shares of Varian Medical Systems from a “hold” rating to a “strong-buy” rating and set a $146.00 price target for the company in a report on Saturday, January 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $137.56.
In other news, EVP Kolleen T. Kennedy sold 19,580 shares of the firm’s stock in a transaction that occurred on Monday, January 28th. The shares were sold at an average price of $130.48, for a total transaction of $2,554,798.40. Following the completion of the sale, the executive vice president now owns 34,798 shares of the company’s stock, valued at $4,540,443.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP John W. Kuo sold 13,259 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $141.29, for a total transaction of $1,873,364.11. Following the sale, the senior vice president now directly owns 38,326 shares of the company’s stock, valued at approximately $5,415,080.54. The disclosure for this sale can be found here. Insiders sold 106,387 shares of company stock valued at $14,602,567 in the last three months. Company insiders own 0.78% of the company’s stock.
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About Varian Medical Systems
Varian Medical Systems, Inc designs, manufactures, sells, and services medical devices and software products for treating cancer and other medical conditions worldwide. It operates through two segments, Oncology Systems and Proton Solutions. The Oncology Systems segment offers hardware and software products for treating cancer with radiotherapy, fixed field intensity-modulated radiation therapy, image-guided radiation therapy, volumetric modulated arc therapy, stereotactic radiosurgery, stereotactic body radiotherapy, and brachytherapy, as well as related quality assurance equipment.
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