Loomis Sayles Co L P buys $536,406,906 stake in Varian Medical Systems (VAR)

Varian Medical Systems (VAR) : Loomis Sayles Co L P scooped up 203,058 additional shares in Varian Medical Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 6,106,636 shares of Varian Medical Systems which is valued at $536,406,906.Varian Medical Systems makes up approximately 1.41% of Loomis Sayles Co L P’s portfolio.

Other Hedge Funds, Including , Manufacturers Life Insurance Company The reduced its stake in VAR by selling 996 shares or 1.04% in the most recent quarter. The Hedge Fund company now holds 94,374 shares of VAR which is valued at $8,303,968. Varian Medical Systems makes up approx 0.01% of Manufacturers Life Insurance Company The’s portfolio.Bb&t Securities boosted its stake in VAR in the latest quarter, The investment management firm added 814 additional shares and now holds a total of 5,031 shares of Varian Medical Systems which is valued at $445,294. Varian Medical Systems makes up approx 0.01% of Bb&t Securities’s portfolio.Isthmus Partners reduced its stake in VAR by selling 1,451 shares or 2.2% in the most recent quarter. The Hedge Fund company now holds 64,516 shares of VAR which is valued at $5,787,085. Varian Medical Systems makes up approx 1.86% of Isthmus Partners’s portfolio.Strs Ohio reduced its stake in VAR by selling 1,034 shares or 6.63% in the most recent quarter. The Hedge Fund company now holds 14,553 shares of VAR which is valued at $1,311,080. Varian Medical Systems makes up approx 0.01% of Strs Ohio’s portfolio.

Varian Medical Systems closed down -1.27 points or -1.42% at $88.25 with 16,59,820 shares getting traded on Monday. Post opening the session at $89.28, the shares hit an intraday low of $87.99 and an intraday high of $89.98 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Varian Medical Systems reported $1.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $1.35. The company had revenue of $912.00 million for the quarter, compared to analysts expectations of $883.45 million. The company’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS.

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. The Company offers tools for fighting cancer taking X-ray images and protecting ports and borders. The Company’s products include linear accelerators brachytherapy afterloaders treatment simulation and verification equipment accessories information management treatment planning and image processing software. The Company’s customers include university research and community hospitals private and governmental institutions healthcare agencies doctors’ offices and cancer care clinics.

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