Raub Brock Capital Management LP Has Boosted Amgen (AMGN) Stake by $1.04 Million; Stock Value Declined; Varian Medical Systems (VAR) Shareholder Saratoga Research & Investment Management Lowered Position as Stock Value Rose

February 20, 2018 - By Jonathan Benavides

Saratoga Research & Investment Management decreased its stake in Varian Medical Systems (VAR) by 7.09% based on its latest 2017Q3 regulatory filing with the SEC. Saratoga Research & Investment Management sold 33,230 shares as the company’s stock rose 13.68% with the market. The institutional investor held 435,198 shares of the health care company at the end of 2017Q3, valued at $43.55M, down from 468,428 at the end of the previous reported quarter. Saratoga Research & Investment Management who had been investing in Varian Medical Systems for a number of months, seems to be less bullish one the $11.12 billion market cap company. The stock increased 0.45% or $0.54 during the last trading session, reaching $121.8. About 156,462 shares traded. Varian Medical Systems, Inc. (NYSE:VAR) has risen 29.46% since February 20, 2017 and is uptrending. It has outperformed by 12.76% the S&P500.

Raub Brock Capital Management Lp increased its stake in Amgen Inc. (AMGN) by 6.5% based on its latest 2017Q3 regulatory filing with the SEC. Raub Brock Capital Management Lp bought 5,612 shares as the company’s stock declined 9.68% while stock markets rallied. The institutional investor held 91,957 shares of the biological products (no diagnostic substances) company at the end of 2017Q3, valued at $17.15 million, up from 86,345 at the end of the previous reported quarter. Raub Brock Capital Management Lp who had been investing in Amgen Inc. for a number of months, seems to be bullish on the $132.50 billion market cap company. The stock increased 0.19% or $0.34 during the last trading session, reaching $183.89. About 1.15M shares traded. Amgen Inc. (NASDAQ:AMGN) has risen 5.27% since February 20, 2017 and is uptrending. It has underperformed by 11.43% the S&P500.

Saratoga Research & Investment Management, which manages about $1.40 billion and $1.31B US Long portfolio, upped its stake in United Technologies (NYSE:UTX) by 21,958 shares to 650,415 shares, valued at $75.50M in 2017Q3, according to the filing. It also increased its holding in Nike (NYSE:NKE) by 13,169 shares in the quarter, for a total of 685,770 shares, and has risen its stake in Cognizant Tech Solutions (NASDAQ:CTSH).

Since August 31, 2017, it had 0 insider purchases, and 20 insider sales for $22.12 million activity. LARET MARK R also sold $274,383 worth of Varian Medical Systems, Inc. (NYSE:VAR) shares. The insider WILSON DOW R sold $1.54 million. GUERTIN TIMOTHY E sold 10,000 shares worth $1.11 million. $777,343 worth of Varian Medical Systems, Inc. (NYSE:VAR) was sold by KUO JOHN W on Thursday, February 15. $578,594 worth of Varian Medical Systems, Inc. (NYSE:VAR) shares were sold by ECKERT R ANDREW.

Investors sentiment increased to 1.02 in Q3 2017. Its up 0.07, from 0.95 in 2017Q2. It increased, as 37 investors sold VAR shares while 166 reduced holdings. 51 funds opened positions while 156 raised stakes. 89.98 million shares or 0.15% less from 90.12 million shares in 2017Q2 were reported. 1,900 are owned by Ledyard Bank & Trust. Pettee Investors owns 6,855 shares. Apg Asset Mngmt Nv reported 0.28% in Varian Medical Systems, Inc. (NYSE:VAR). Virtus Invest Advisers owns 0.02% invested in Varian Medical Systems, Inc. (NYSE:VAR) for 1,941 shares. Hardman Johnston Glob holds 0.98% or 229,872 shares in its portfolio. Amer Grp Inc Inc reported 30,517 shares stake. Verition Fund Mgmt Limited Company holds 0.06% or 7,379 shares. Pggm holds 0.03% or 65,341 shares in its portfolio. Balyasny Asset Mgmt Lc holds 0.09% or 219,454 shares in its portfolio. Omers Administration stated it has 36,200 shares or 0.04% of all its holdings. Citigroup stated it has 3,672 shares or 0% of all its holdings. Smithbridge Asset De reported 0.8% in Varian Medical Systems, Inc. (NYSE:VAR). Advantus Capital Mgmt owns 9,231 shares or 0.02% of their US portfolio. Convergence Investment Limited Liability Company holds 2,190 shares. Nelson Roberts Ltd Liability Co accumulated 670 shares.

Among 12 analysts covering Varian Medical Systems Inc. (NYSE:VAR), 5 have Buy rating, 2 Sell and 5 Hold. Therefore 42% are positive. Varian Medical Systems Inc. had 37 analyst reports since August 27, 2015 according to SRatingsIntel. JP Morgan maintained Varian Medical Systems, Inc. (NYSE:VAR) rating on Thursday, January 25. JP Morgan has “Neutral” rating and $105 target. Jefferies maintained the stock with “Buy” rating in Wednesday, October 25 report. As per Thursday, November 12, the company rating was initiated by Citigroup. The stock of Varian Medical Systems, Inc. (NYSE:VAR) has “Neutral” rating given on Wednesday, September 28 by Robert W. Baird. Brean Capital maintained Varian Medical Systems, Inc. (NYSE:VAR) on Thursday, April 28 with “Buy” rating. The stock has “Sell” rating by Evercore on Thursday, January 26. RBC Capital Markets maintained the shares of VAR in report on Monday, July 24 with “Hold” rating. The stock of Varian Medical Systems, Inc. (NYSE:VAR) earned “Sector Perform” rating by RBC Capital Markets on Monday, January 23. The firm earned “Buy” rating on Sunday, September 10 by Jefferies. On Tuesday, October 20 the stock rating was downgraded by Robert W. Baird to “Neutral”.

Since October 9, 2017, it had 0 insider buys, and 4 sales for $1.10 million activity.

Raub Brock Capital Management Lp, which manages about $602.95 million and $390.10 million US Long portfolio, decreased its stake in Unitedhealth Group Inc. (NYSE:UNH) by 5,647 shares to 91,259 shares, valued at $17.87 million in 2017Q3, according to the filing.

Investors sentiment decreased to 0.99 in 2017 Q3. Its down 0.16, from 1.15 in 2017Q2. It dived, as 58 investors sold AMGN shares while 511 reduced holdings. 108 funds opened positions while 453 raised stakes. 555.05 million shares or 0.41% less from 557.32 million shares in 2017Q2 were reported. California-based Pacific Heights Asset Management has invested 1.9% in Amgen Inc. (NASDAQ:AMGN). Cadinha & reported 0.41% of its portfolio in Amgen Inc. (NASDAQ:AMGN). Checchi Cap Advisers Limited Liability invested in 0.12% or 6,377 shares. Meiji Yasuda Asset Mngmt owns 18,339 shares for 0.34% of their portfolio. 30,461 were reported by Strategic Glob Advsr Ltd Company. 22,234 are owned by Iberiabank. Legal And General Public Ltd Company has 0.53% invested in Amgen Inc. (NASDAQ:AMGN). Adams Diversified Equity Fund accumulated 113,300 shares or 1.15% of the stock. Art Ltd Liability holds 16,323 shares. Primecap Ca has invested 3.44% in Amgen Inc. (NASDAQ:AMGN). Morgan Stanley invested in 0.49% or 8.71 million shares. Intact Inv Mgmt Inc accumulated 1,600 shares. Main Street Research Limited stated it has 1.96% of its portfolio in Amgen Inc. (NASDAQ:AMGN). Pension holds 0.58% or 568,836 shares. Private Na invested 0.28% in Amgen Inc. (NASDAQ:AMGN).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


>