Varian Medical Systems: Insiders and Financial Institutions Cashing Stock in Q3

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently decreased stock shares of Varian Medical Systems Inc. (NYSE:VAR).

SEC data indicate these insiders have sold Varian Medical Systems Inc.’s stock since 06/30/2011:

  • Kuo John W: act as VP, Gen Counsel and Secretary. On 07/01/2011, sold 30,950 shares, worth $2,184,100.
  • Finney Elisha W: act as SVP, Finance and CFO(Click HERE for the list of stocks that their CFOs have bought). On 07/05/2011, sold 10,000 shares, worth $706,100.
  • Finney Elisha W: act as SVP, Finance and CFO(Click HERE for the list of stocks that their CFOs have bought). On 11/04/2011, sold 10,000 shares, worth $580,000.
  • Finney Elisha W: act as SVP, Finance and CFO(Click HERE for the list of stocks that their CFOs have bought). On 08/05/2011, sold 5,000 shares, worth $290,000.
  • Finney Elisha W: act as SVP, Finance and CFO(Click HERE for the list of stocks that their CFOs have bought). On 11/07/2011, sold 5,000 shares, worth $290,000.

SEC data indicate that these institutions significantly reduced their stock shares of Varian Medical Systems Inc. in Q3 2011:

  • DSM CAPITAL PARTNERS LLC: On 06/30/2011, held 1,277,426 shares, worth $89,445,369. On 09/30/2011, held 0 shares.
  • JOHNSTON ASSET MANAGEMENT CORP: On 06/30/2011, held 379,935 shares, worth $26,603,049. On 09/30/2011, held 0 shares.
  • PERCEPTIVE ADVISORS LLC: On 06/30/2011, held 269,922 shares, worth $18,899,938. On 09/30/2011, held 0 shares.
  • GLOBALBRIDGE, INC.: On 06/30/2011, held 205,413 shares, worth $14,383,018. On 09/30/2011, held 0 shares.
  • BARING ASSET MANAGEMENT LLC: On 06/30/2011, held 184,580 shares, worth $12,924,292. On 09/30/2011, held 0 shares.

About the company: Varian Medical Systems, Inc. designs, manufactures, sells, and services equipment and software products for treating cancer with radiotherapy, stereotactic radiosurgery and brachytherapy. The Company also supplies products that include x-ray tubes, linear accelerators, digital image detectors, image processing software and image detection products.

Competitors to Watch: Accuray Incorporated (NASDAQ:ARAY), TomoTherapy Incorporated (NASDAQ:TOMO), North American Scientific, Inc. (NASMQ), Hologic, Inc. (NASDAQ:HOLX), Theragenics Corporation (NYSE:TGX), BSD Medical Corporation (NASDAQ:BSDM), iCAD, INC. (NASDAQ:ICAD), IsoRay, Inc. (AMEX:ISR), and General Electric Company (NYSE:GE).

(Note: Data regarding Varian Medical Systems Inc.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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