Varian Medical Systems Inc (VAR) Files Form 4 Insider Selling : Clarence R Verhoef Sells 2,500 Shares

Varian Medical Systems Inc (VAR): Clarence R Verhoef , SVP, Finance, Corp Controller of Varian Medical Systems Inc sold 2,500 shares on Apr 18, 2016. The Insider selling transaction was reported by the company on Apr 19, 2016 to the Securities and Exchange Commission. The shares were sold at $85.00 per share for a total value of $212,500.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 24, 2016, Dow R Wilson (President and CEO) sold 45,650 shares at $78.86 per share price.On Mar 7, 2016, Timothy E Guertin (director) sold 4,000 shares at $79.52 per share price.Also, On Dec 3, 2015, R Andrew Eckert (director) sold 3,000 shares at $81.67 per share price.On Nov 25, 2015, Elisha W Finney (Exec VP and CFO) sold 2,334 shares at $80.92 per share price.

Varian Medical Systems: On Monday, Apr 18, 2016 heightened volatility was witnessed in Varian Medical Systems which led to swings in the share price. The shares opened for trading at $83.98 and hit $85.13 on the upside , eventually ending the session at $85.01, with a gain of 1.29% or 1.08 points. The heightened volatility saw the trading volume jump to 5,84,924 shares. The 52-week high of the share price is $96.67 and the company has a market cap of $8,119 M . The 52-week low of the share price is at $71.07.

Varian Medical Systems Money Flow Index Chart

Company has been under the radar of several Street Analysts.Varian Medical Systems is Reiterated by RBC Capital Mkts to Sector Perform while Lowering the Price Target of the company shares to $ 84 from a previous price target of $86 . The Rating was issued on Feb 17, 2016.

Currently the company Insiders own 0.86% of Varian Medical Systems shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by -29.97%.Institutional Investors own 95.59% of Varian Medical Systems shares.During last six month period, the net percent change held by insiders has seen a change of -14.2%.

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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