Varian Medical Systems Inc (NYSE:VAR) Short Interest Decreased By 18.2%

June 13, 2018 - By Hazel Jackson

Varian Medical Systems, Inc. (NYSE:VAR) Logo

Investors sentiment decreased to 0.67 in Q1 2018. Its down 0.13, from 0.8 in 2017Q4. It dropped, as 34 investors sold Varian Medical Systems, Inc. shares while 214 reduced holdings. 58 funds opened positions while 109 raised stakes. 82.38 million shares or 5.31% less from 87.00 million shares in 2017Q4 were reported.
Broadfin Limited Com owns 30,000 shares or 0.57% of their US portfolio. Dimensional Fund Advsr Limited Partnership holds 0.02% of its portfolio in Varian Medical Systems, Inc. (NYSE:VAR) for 316,173 shares. Texas Permanent School Fund owns 0.04% invested in Varian Medical Systems, Inc. (NYSE:VAR) for 23,590 shares. Stifel holds 0% of its portfolio in Varian Medical Systems, Inc. (NYSE:VAR) for 5,517 shares. First Manhattan Communications owns 6,925 shares. 57,286 are owned by Ancora Advsr Lc. Tiemann Investment Advsr Limited Liability holds 7,580 shares or 0.75% of its portfolio. Kcm Investment Advsr Lc has 22,494 shares. Kistler invested 0.02% in Varian Medical Systems, Inc. (NYSE:VAR). Commonwealth Bancorp Of Australia accumulated 358,336 shares or 0.48% of the stock. Bnp Paribas Asset Management Sa reported 0.13% stake. 1832 Asset Management Lp stated it has 0% in Varian Medical Systems, Inc. (NYSE:VAR). Ny State Common Retirement Fund invested in 308,863 shares. Ibm Retirement Fund has invested 0.05% in Varian Medical Systems, Inc. (NYSE:VAR). Pennsylvania Tru invested in 0.03% or 4,710 shares.

Since December 18, 2017, it had 0 insider buys, and 21 sales for $22.36 million activity. BOSTROM SUSAN L had sold 1,952 shares worth $235,413. 1,328 Varian Medical Systems, Inc. (NYSE:VAR) shares with value of $161,935 were sold by KUO JOHN W. WILSON DOW R had sold 24,000 shares worth $3.04M on Thursday, February 1. On Tuesday, January 2 the insider GUERTIN TIMOTHY E sold $1.11M. 1,556 Varian Medical Systems, Inc. (NYSE:VAR) shares with value of $196,792 were sold by MOMSEN MAGNUS. Shares for $692,560 were sold by ILLINGWORTH DAVID J on Tuesday, March 6.

The stock of Varian Medical Systems Inc (NYSE:VAR) registered a decrease of 18.2% in short interest. VAR’s total short interest was 2.49 million shares in June as published by FINRA. Its down 18.2% from 3.04 million shares, reported previously. With 929,300 shares average volume, it will take short sellers 3 days to cover their VAR’s short positions. The short interest to Varian Medical Systems Inc’s float is 2.72%.

The stock increased 0.47% or $0.58 during the last trading session, reaching $122.92. About 181,681 shares traded. Varian Medical Systems, Inc. (NYSE:VAR) has risen 21.31% since June 13, 2017 and is uptrending. It has outperformed by 8.74% the S&P500.

Varian Medical Systems, Inc. designs, makes, sells, and services medical devices and software products for treating cancer and other medical conditions worldwide. The company has market cap of $11.25 billion. It operates through two divisions, Oncology Systems and Imaging Components. It has a 92.35 P/E ratio. The Oncology Systems segment provides 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.

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

Among 8 analysts covering Varian Medical Systems (NYSE:VAR), 3 have Buy rating, 2 Sell and 3 Hold. Therefore 38% are positive. Varian Medical Systems had 9 analyst reports since January 3, 2018 according to SRatingsIntel. The stock of Varian Medical Systems, Inc. (NYSE:VAR) earned “Hold” rating by Robert W. Baird on Thursday, January 25. The company was maintained on Thursday, April 26 by RBC Capital Markets. The stock has “Sell” rating by Goldman Sachs on Thursday, January 25. JP Morgan maintained Varian Medical Systems, Inc. (NYSE:VAR) rating on Thursday, January 25. JP Morgan has “Neutral” rating and $105 target. RBC Capital Markets maintained the stock with “Hold” rating in Thursday, January 25 report. The rating was upgraded by Barrington to “Buy” on Thursday, January 25. The stock of Varian Medical Systems, Inc. (NYSE:VAR) earned “Buy” rating by Jefferies on Thursday, April 26. The firm earned “Buy” rating on Thursday, January 25 by Citigroup.

More important recent Varian Medical Systems, Inc. (NYSE:VAR) news were published by: Nasdaq.com which released: “Recent Analysis Shows Liberty Broadband, Primerica, Adtalem Global Education, Newpark Resources, Varian Medical …” on May 15, 2018, also Prnewswire.com published article titled: “Varian Announces Third Quarter Fiscal Year 2018 Earnings Release Date”, Prnewswire.com published: “Varian to Demonstrate Advanced Brachytherapy Solutions at ABS 2018” on June 05, 2018. More interesting news about Varian Medical Systems, Inc. (NYSE:VAR) was released by: Streetinsider.com and their article: “Varian Medical Systems (VAR) Deal to Close Sirtex Medical Deal Delayed Following Australian Court Denial – RBCc” with publication date: May 29, 2018.

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

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