Smith & Howard Wealth Management Holds Holding in Blackbaud (BLKB); Varian Medical Sys (VAR) Valuation Rose While Grassi Investment Management Decreased Position

May 16, 2018 - By Marguerite Chambers

Varian Medical Systems, Inc. (NYSE:VAR) Logo

Grassi Investment Management decreased its stake in Varian Medical Sys (VAR) by 81.25% based on its latest 2017Q4 regulatory filing with the SEC. Grassi Investment Management sold 13,000 shares as the company’s stock rose 9.85% while stock markets declined. The institutional investor held 3,000 shares of the health care company at the end of 2017Q4, valued at $333,000, down from 16,000 at the end of the previous reported quarter. Grassi Investment Management who had been investing in Varian Medical Sys for a number of months, seems to be less bullish one the $10.78 billion market cap company. The stock increased 0.52% or $0.61 during the last trading session, reaching $117.83. About 102,226 shares traded. Varian Medical Systems, Inc. (NYSE:VAR) has risen 32.94% since May 16, 2017 and is uptrending. It has outperformed by 21.39% the S&P500.

Smith & Howard Wealth Management Llc increased its stake in Blackbaud Inc (BLKB) by 4.98% based on its latest 2017Q4 regulatory filing with the SEC. Smith & Howard Wealth Management Llc bought 3,744 shares as the company’s stock rose 5.31% while stock markets declined. The institutional investor held 78,872 shares of the technology company at the end of 2017Q4, valued at $7.45M, up from 75,128 at the end of the previous reported quarter. Smith & Howard Wealth Management Llc who had been investing in Blackbaud Inc for a number of months, seems to be bullish on the $4.73B market cap company. The stock increased 1.44% or $1.42 during the last trading session, reaching $100.12. About 44,225 shares traded. Blackbaud, Inc. (NASDAQ:BLKB) has risen 34.35% since May 16, 2017 and is uptrending. It has outperformed by 22.80% the S&P500.

Since December 12, 2017, it had 0 buys, and 21 selling transactions for $22.43 million activity. 1,089 shares were sold by KENNEDY KOLLEEN T, worth $117,823 on Friday, January 12. 7,991 shares were sold by KUO JOHN W, worth $884,200. Another trade for 24,000 shares valued at $2.83M was made by WILSON DOW R on Thursday, March 1. GUERTIN TIMOTHY E sold $1.11 million worth of stock. Shares for $692,560 were sold by ILLINGWORTH DAVID J. 1,952 shares valued at $235,413 were sold by BOSTROM SUSAN L on Thursday, February 22.

Investors sentiment decreased to 0.8 in Q4 2017. Its down 0.22, from 1.02 in 2017Q3. It dropped, as 37 investors sold VAR shares while 194 reduced holdings. 63 funds opened positions while 122 raised stakes. 87.00 million shares or 3.31% less from 89.98 million shares in 2017Q3 were reported. Northern Trust Corp, a Illinois-based fund reported 1.47 million shares. First Allied Advisory Ser reported 0.01% in Varian Medical Systems, Inc. (NYSE:VAR). Omers Administration Corp reported 0.03% of its portfolio in Varian Medical Systems, Inc. (NYSE:VAR). Schaper Benz And Wise Investment Counsel Wi stated it has 1.87% in Varian Medical Systems, Inc. (NYSE:VAR). Pettee Invsts reported 0.47% in Varian Medical Systems, Inc. (NYSE:VAR). Northcoast Asset Mgmt Limited Liability Com has 14,731 shares for 0.15% of their portfolio. Blair William Il holds 0% in Varian Medical Systems, Inc. (NYSE:VAR) or 5,022 shares. 43,594 are owned by Bluemountain Cap Lc. Int Group Inc has invested 0.01% in Varian Medical Systems, Inc. (NYSE:VAR). Ny State Teachers Retirement System accumulated 0.04% or 149,449 shares. Asset Incorporated invested 0.03% in Varian Medical Systems, Inc. (NYSE:VAR). Howe & Rusling stated it has 46 shares. Lakeview Cap Prtn Lc has 0.17% invested in Varian Medical Systems, Inc. (NYSE:VAR) for 2,121 shares. Tiemann Advsr Ltd Llc invested 0.67% in Varian Medical Systems, Inc. (NYSE:VAR). Twin Capital Management Incorporated holds 0.07% or 12,704 shares in its portfolio.

Analysts await Varian Medical Systems, Inc. (NYSE:VAR) to report earnings on July, 25. They expect $1.00 earnings per share, down 3.85% or $0.04 from last year’s $1.04 per share. VAR’s profit will be $91.50 million for 29.46 P/E if the $1.00 EPS becomes a reality. After $1.15 actual earnings per share reported by Varian Medical Systems, Inc. for the previous quarter, Wall Street now forecasts -13.04% negative EPS growth.

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 39 analyst reports since August 27, 2015 according to SRatingsIntel. Jefferies maintained the shares of VAR in report on Wednesday, October 25 with “Buy” rating. The rating was maintained by RBC Capital Markets with “Hold” on Monday, July 24. The firm has “Hold” rating by Robert W. Baird given on Thursday, January 25. The company was maintained on Monday, October 30 by Citigroup. On Wednesday, September 28 the stock rating was maintained by Robert W. Baird with “Neutral”. Jefferies maintained Varian Medical Systems, Inc. (NYSE:VAR) rating on Sunday, September 10. Jefferies has “Buy” rating and $115.0 target. Barrington Research maintained Varian Medical Systems, Inc. (NYSE:VAR) on Friday, January 27 with “Outperform” rating. RBC Capital Markets maintained Varian Medical Systems, Inc. (NYSE:VAR) rating on Wednesday, June 21. RBC Capital Markets has “Hold” rating and $9600 target. The rating was downgraded by Evercore to “Sell” on Thursday, January 26. Goldman Sachs downgraded Varian Medical Systems, Inc. (NYSE:VAR) on Thursday, January 25 to “Sell” rating.

Grassi Investment Management, which manages about $608.21M and $616.99 million US Long portfolio, upped its stake in Apple Computer (NASDAQ:AAPL) by 2,652 shares to 104,528 shares, valued at $17.69 million in 2017Q4, according to the filing. It also increased its holding in Keycorp (NYSE:KEY) by 103,340 shares in the quarter, for a total of 126,840 shares, and has risen its stake in Microsoft Corp (NASDAQ:MSFT).

More notable recent Varian Medical Systems, Inc. (NYSE:VAR) news were published by: Globenewswire.com which released: “Recent Analysis Shows Liberty Broadband, Primerica, Adtalem Global Education, Newpark Resources, Varian Medical …” on May 15, 2018, also Stockhouse.com with their article: “Glancy Prongay & Murray LLP Continues Investigation on Behalf of Varian Medical Systems, Inc. (VAR) Investors” published on May 15, 2018, Streetinsider.com published: “Varian Medical Systems (VAR) to Acquire Taiwan’s Cooperative CL Enterprises” on May 07, 2018. More interesting news about Varian Medical Systems, Inc. (NYSE:VAR) were released by: Prnewswire.com and their article: “First Cancer Patients in Korea Treated with Varian HyperArc High-Definition Radiotherapy” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “Varian Medical Systems (VAR) Q2 2018 Results – Earnings Call Transcript” with publication date: April 26, 2018.

Since February 9, 2018, it had 0 buys, and 14 sales for $11.27 million activity. 6,020 shares were sold by MOONEY KEVIN W, worth $628,547. Gianoni Michael P had sold 28,839 shares worth $2.79M on Wednesday, February 14. Boruff Brian sold $907,632 worth of Blackbaud, Inc. (NASDAQ:BLKB) on Wednesday, February 21. CHOU TIMOTHY C K sold 4,432 shares worth $438,768. Nash Sarah E had sold 520 shares worth $49,733. $154,830 worth of Blackbaud, Inc. (NASDAQ:BLKB) was sold by Olson Jon W on Wednesday, February 28.

More recent Blackbaud, Inc. (NASDAQ:BLKB) news were published by: Seekingalpha.com which released: “Blackbaud, Inc. 2018 Q1 – Results – Earnings Call Slides” on May 01, 2018. Also Prnewswire.com published the news titled: “Blackbaud Announces David Benjamin as President of International Markets Group” on April 26, 2018. Seekingalpha.com‘s news article titled: “Blackbaud Acquires Reeher For Fundraising Performance Tech” with publication date: May 02, 2018 was also an interesting one.

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