Tnb Financial buys $7,017,930 stake in Varian Medical Systems (VAR)

Varian Medical Systems (VAR) : Tnb Financial scooped up 2,701 additional shares in Varian Medical Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 80,564 shares of Varian Medical Systems which is valued at $7,017,930.Varian Medical Systems makes up approximately 1.80% of Tnb Financial’s portfolio.

Other Hedge Funds, Including , State Of Alaska Department Of Revenue boosted its stake in VAR in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 12,425 shares of Varian Medical Systems which is valued at $1,082,342. Varian Medical Systems makes up approx 0.11% of State Of Alaska Department Of Revenue’s portfolio. Americafirst Capital Management sold out all of its stake in VAR during the most recent quarter. The investment firm sold 8,102 shares of VAR which is valued $705,765.Denali Advisors boosted its stake in VAR in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 31,200 shares of Varian Medical Systems which is valued at $2,698,176. Varian Medical Systems makes up approx 0.45% of Denali Advisors’s portfolio.

Varian Medical Systems opened for trading at $86.78 and hit $87.54 on the upside on Wednesday, eventually ending the session at $87.11, with a gain of 0.82% or 0.71 points. The heightened volatility saw the trading volume jump to 4,64,480 shares. Company has a market cap of $8,294 M.

On the company’s financial health, Varian Medical Systems reported $1.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $1.08. The company had revenue of $758.80 million for the quarter, compared to analysts expectations of $770.49 million. The company’s revenue was down -.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.05 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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