As Varian Medical Systems INC (VAR) Shares Rose, New Amsterdam Partners LLC Decreased Its Stake by $4.59 Million

April 16, 2018 - By Jenna Rose

Varian Medical Systems, Inc. (NYSE:VAR) Corporate LogoBig Money Sentiment decreased to 0.8 in Q4 2017. It has change of 0.22, from 2017Q3’s 1.02. The ratio dropped due to VAR positioning: 37 sold and 194 reduced. 63 funds amassed positions and 122 increased positions. Investors holded 89.98 million in 2017Q3 but now own 87.00 million shares or 3.31% less. Moreover, Hexavest Inc has 0% invested in Varian Medical Systems, Inc. (NYSE:VAR) for 2,023 shs. 12,130 are held by Amalgamated Fincl Bank. Endurance Wealth Management Incorporated has invested 0% in Varian Medical Systems, Inc. (NYSE:VAR). Deutsche Fincl Bank Ag reported 0.04% stake. Exxonmobil Mngmt Inc Tx holds 14,568 shs. Sfe Inv Counsel owns 35,628 shs for 1.6% of their capital. Brinker Inc reported 0.06% of its capital in Varian Medical Systems, Inc. (NYSE:VAR). Bartlett And Limited Liability accumulated 7,560 shs or 0.03% of the stock. Andra Ap invested 0.26% in Varian Medical Systems, Inc. (NYSE:VAR). Orrstown Fincl Svcs holds 0.1% of its capital in Varian Medical Systems, Inc. (NYSE:VAR) for 795 shs. 48,015 are owned by Personal Capital Corp. North Star Asset Management holds 0.03% of its capital in Varian Medical Systems, Inc. (NYSE:VAR) for 3,020 shs. Ledyard Bancshares holds 0.03% or 1,900 shs. Ghp Advisors invested in 0.25% or 15,980 shs. Barclays Public Limited Company holds 0.01% or 155,973 shs in its capital.

VAR registered $22.18 million net activity with 0 insider purchases and 19 insider sales since October 18, 2017. $3.04 million worth of Varian Medical Systems, Inc. (NYSE:VAR) was sold by WILSON DOW R on Thursday, February 1. KUO JOHN W sold $884,200 worth of Varian Medical Systems, Inc. (NYSE:VAR) or 7,991 shs on Monday, January 8. Shares for $235,413 were sold by BOSTROM SUSAN L on Thursday, February 22. Shares for $274,383 were sold by LARET MARK R. $1.11M worth of Varian Medical Systems, Inc. (NYSE:VAR) was sold by GUERTIN TIMOTHY E on Tuesday, January 2. 1,556 shs valued at $196,792 were sold by MOMSEN MAGNUS on Monday, March 12.

The holdings In Varian Medical Systems Inc (VAR) was reduced held by New Amsterdam Partners Llc. According to 2017Q4 SEC filling the reduction is 88.19%. 41,352 shares were sold by New Amsterdam Partners Llc as the company’s stock rose 9.85% while stock markets declined. The institutional investor is holding 5,539 shares, compared to the 46,891 from the previous quarter. And the announced value of the health care company is $616,000 for the 2017Q4. $11.12 billion is Varian Medical Systems Inc’s market cap. The stock increased 0.91% or $1.1 during the last trading session, reaching $121.8.Varian Medical Systems, Inc. has volume of 377,344 shares. Since April 16, 2017 VAR has risen 32.94% and is uptrending. VAR outperformed the S&P 500 by 21.39%.

New Amsterdam Partners Llc has risen its stake in Potlatch Corp (NASDAQ:PCH) and also increased its holding in Ormat Technologies Inc (NYSE:ORA) by 62,298 shares in the quarter, for a total of 171,666 shares.

Analysts await Varian Medical Systems, Inc. (NYSE:VAR) to report earnings on April, 25 after the close. They expect $1.03 earnings per share, up 15.73 % or $0.14 from last year’s $0.89 per share. VAR’s profit will be $94.04M for 29.56 P/E if the $1.03 EPS becomes a reality. After $1.06 actual earnings per share reported by Varian Medical Systems, Inc. for the previous quarter, Wall Street now forecasts -2.83 % negative EPS growth.

Varian Medical Systems, Inc. (NYSE:VAR) Ratings Coverage

Total analysts of 8 have positions in Varian Medical Systems (NYSE:VAR) as follows: 3 rated it a “Buy”, 2 with “Sell” and 3 with “Hold”. The positive are 38%. Since October 25, 2017 according to StockzIntelligence Inc Varian Medical Systems has 11 analyst reports. On Thursday, October 26 Robert W. Baird maintained Varian Medical Systems, Inc. (NYSE:VAR) rating. Robert W. Baird has “Hold” rating and $99.0 target. On Thursday, January 25 RBC Capital Markets maintained the shares of VAR in report with “Hold” rating. On Thursday, January 25 the firm has “Buy” rating given by Barrington. On Thursday, January 25 the stock has “Neutral” rating by JP Morgan. On Wednesday, October 25 the firm earned “Buy” rating by Jefferies. In Thursday, January 25 report Goldman Sachs downgraded the stock to “Sell” rating. In Thursday, January 25 report Citigroup maintained it with “Buy” rating and $132 target. On Thursday, January 25 the firm has “Hold” rating given by Robert W. Baird. On Monday, October 30 the firm has “Neutral” rating given by Citigroup. On Thursday, November 30 the stock of Varian Medical Systems, Inc. (NYSE:VAR) earned “Hold” rating by RBC Capital Markets.

Varian Medical Systems, Inc. (NYSE:VAR) Institutional Investors Chart

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