As Varian Med Sys INC (VAR) Stock Declined, Holder Apg Asset Management Nv Decreased Position by $18.72 Million

October 13, 2018 - By Peter Erickson

Varian Medical Systems, Inc. (NYSE:VAR) LogoInvestors sentiment increased to 0.91 in 2018 Q2. Its up 0.24, from 0.67 in 2018Q1. It is positive, as 30 investors sold VAR shares while 180 reduced holdings. 56 funds opened positions while 136 raised stakes. 81.61 million shares or 0.93% less from 82.38 million shares in 2018Q1 were reported. Oppenheimer & Inc holds 0.03% or 10,603 shares in its portfolio. Meeder Asset Management Inc holds 0% or 7,763 shares in its portfolio. Smithbridge Asset Mngmt De stated it has 0.71% in Varian Medical Systems, Inc. (NYSE:VAR). Arizona State Retirement Systems invested in 0.06% or 52,085 shares. Schwab Charles Invest Mgmt Inc invested 0.09% of its portfolio in Varian Medical Systems, Inc. (NYSE:VAR). Duncker Streett & reported 90 shares. Natixis invested in 0.11% or 176,692 shares. Teachers Retirement Of The State Of Kentucky holds 40,374 shares or 0.05% of its portfolio. 6,505 were accumulated by Wesbanco Financial Bank. Ajo LP owns 2,592 shares for 0% of their portfolio. Fuller And Thaler Asset Management owns 700 shares. Parametric Assocs Ltd Liability Co accumulated 0.05% or 480,138 shares. Gateway Invest Advisers Ltd Liability has 4,355 shares. Amundi Pioneer Asset Mgmt accumulated 205,633 shares or 0.03% of the stock. Prio Wealth Ltd Partnership owns 14,255 shares or 0.08% of their US portfolio.

Since April 16, 2018, it had 0 insider buys, and 9 selling transactions for $2.27 million activity. The insider KENNEDY KOLLEEN T sold $82,624. GUERTIN TIMOTHY E had sold 10,000 shares worth $1.11 million on Wednesday, September 5. Another trade for 2,800 shares valued at $312,696 was sold by MOMSEN MAGNUS.

Apg Asset Management Nv decreased its stake in Varian Med Sys Inc (VAR) by 11.36% based on its latest 2018Q2 regulatory filing with the SEC. Apg Asset Management Nv sold 193,000 shares as the company’s stock declined 10.75% while stock markets rallied. The institutional investor held 1.51M shares of the health care company at the end of 2018Q2, valued at $146.63M, down from 1.70M at the end of the previous reported quarter. Apg Asset Management Nv who had been investing in Varian Med Sys Inc for a number of months, seems to be less bullish one the $9.64 billion market cap company. The stock increased 1.27% or $1.32 during the last trading session, reaching $105.29. About 886,360 shares traded or 47.56% up from the average. Varian Medical Systems, Inc. (NYSE:VAR) has risen 1.79% since October 13, 2017 and is uptrending. It has underperformed by 13.83% the S&P500.

Apg Asset Management Nv, which manages about $54.40 billion US Long portfolio, upped its stake in Gap Inc Del (NYSE:GPS) by 342,000 shares to 5.80M shares, valued at $160.99M in 2018Q2, according to the filing. It also increased its holding in Cdk Global Inc (NASDAQ:CDK) by 95,100 shares in the quarter, for a total of 203,993 shares, and has risen its stake in Nu Skin Enterprises Inc (NYSE:NUS).

Analysts await Varian Medical Systems, Inc. (NYSE:VAR) to report earnings on October, 23 after the close. They expect $1.20 earnings per share, up 10.09 % or $0.11 from last year’s $1.09 per share. VAR’s profit will be $109.86 million for 21.94 P/E if the $1.20 EPS becomes a reality. After $1.04 actual earnings per share reported by Varian Medical Systems, Inc. for the previous quarter, Wall Street now forecasts 15.38 % EPS growth.

Another recent and important Varian Medical Systems, Inc. (NYSE:VAR) news was published by Seekingalpha.com which published an article titled: “Varian acquires Noona Healthcare” on October 12, 2018.

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

Among 3 analysts covering Varian Medical Systems (NYSE:VAR), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. Varian Medical Systems had 3 analyst reports since April 26, 2018 according to SRatingsIntel. The firm earned “Underweight” rating on Thursday, June 28 by JP Morgan. The firm earned “Buy” rating on Thursday, April 26 by Jefferies. RBC Capital Markets maintained it with “Hold” rating and $12000 target in Thursday, April 26 report.

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

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