Renaissance Technologies LLC lowered its position in MTS Systems Corporation (NASDAQ:MTSC) by 13.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 259,818 shares of the scientific and technical instruments company’s stock after selling 38,700 shares during the period. Renaissance Technologies LLC owned 1.55% of MTS Systems Corporation worth $14,303,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MTSC. Norges Bank acquired a new position in MTS Systems Corporation during the fourth quarter valued at $11,982,000. Denver Investment Advisors LLC boosted its stake in MTS Systems Corporation by 167.9% in the first quarter. Denver Investment Advisors LLC now owns 314,604 shares of the scientific and technical instruments company’s stock valued at $17,319,000 after buying an additional 197,158 shares during the last quarter. Vanguard Group Inc. boosted its stake in MTS Systems Corporation by 5.2% in the first quarter. Vanguard Group Inc. now owns 1,518,170 shares of the scientific and technical instruments company’s stock valued at $83,576,000 after buying an additional 75,693 shares during the last quarter. Martingale Asset Management L P boosted its stake in MTS Systems Corporation by 1,646.4% in the first quarter. Martingale Asset Management L P now owns 62,905 shares of the scientific and technical instruments company’s stock valued at $3,463,000 after buying an additional 59,303 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in MTS Systems Corporation by 10.0% in the first quarter. Dimensional Fund Advisors LP now owns 597,287 shares of the scientific and technical instruments company’s stock valued at $32,880,000 after buying an additional 54,307 shares during the last quarter.

MTS Systems Corporation (MTSC) traded up 4.89% on Tuesday, hitting $53.65. The company had a trading volume of 97,398 shares. The stock has a 50 day moving average of $52.51 and a 200-day moving average of $53.06. MTS Systems Corporation has a one year low of $41.53 and a one year high of $59.00. The stock has a market capitalization of $898.15 million, a PE ratio of 45.16 and a beta of 1.29.

MTS Systems Corporation (NASDAQ:MTSC) last issued its quarterly earnings data on Monday, August 7th. The scientific and technical instruments company reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.10. The company had revenue of $194 million for the quarter, compared to analyst estimates of $193.03 million. MTS Systems Corporation had a net margin of 2.83% and a return on equity of 12.81%. MTS Systems Corporation’s revenue was up 23.0% compared to the same quarter last year. During the same period last year, the company posted $0.78 earnings per share. Equities analysts anticipate that MTS Systems Corporation will post $2.24 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 18th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Friday, September 15th. MTS Systems Corporation’s payout ratio is 98.36%.

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Several equities research analysts have commented on the company. BidaskClub cut MTS Systems Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Zacks Investment Research lowered MTS Systems Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. FBR & Co reaffirmed an “outperform” rating on shares of MTS Systems Corporation in a research report on Tuesday, July 11th. Finally, TheStreet lowered MTS Systems Corporation from a “b-” rating to a “c” rating in a research report on Monday, April 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. MTS Systems Corporation has an average rating of “Hold” and a consensus price target of $55.67.

In other news, insider Jeffrey A. Graves sold 23,820 shares of MTS Systems Corporation stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $54.10, for a total transaction of $1,288,662.00. Following the completion of the sale, the insider now directly owns 50,514 shares in the company, valued at $2,732,807.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider David Hore acquired 5,000 shares of the stock in a transaction dated Wednesday, May 10th. The shares were bought at an average price of $51.55 per share, with a total value of $257,750.00. Following the completion of the purchase, the insider now directly owns 5,000 shares of the company’s stock, valued at approximately $257,750. The disclosure for this purchase can be found here. 1.50% of the stock is currently owned by insiders.

MTS Systems Corporation Company Profile

MTS Systems Corporation is a supplier of test systems and position sensors. The Company operates through two segments: Test and Sensors. The Test segment provides testing solutions, including hardware, software and services to ground vehicles, materials and structures markets. The Sensors segment provides position sensors for a range of industrial and mobile hydraulic applications.

Institutional Ownership by Quarter for MTS Systems Corporation (NASDAQ:MTSC)

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