Louisiana State Employees Retirement System continued to hold its position in MTS Systems Corporation (NASDAQ:MTSC) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 6,800 shares of the scientific and technical instruments company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in MTS Systems Corporation were worth $352,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the stock. State of Alaska Department of Revenue increased its position in MTS Systems Corporation by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 1,850 shares of the scientific and technical instruments company’s stock worth $101,000 after buying an additional 50 shares in the last quarter. Mosaic Family Wealth LLC increased its position in MTS Systems Corporation by 2.9% in the first quarter. Mosaic Family Wealth LLC now owns 3,176 shares of the scientific and technical instruments company’s stock worth $175,000 after buying an additional 91 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in MTS Systems Corporation by 12.2% in the first quarter. BNP Paribas Arbitrage SA now owns 3,535 shares of the scientific and technical instruments company’s stock worth $195,000 after buying an additional 384 shares in the last quarter. Dubuque Bank & Trust Co. acquired a new position in MTS Systems Corporation during the first quarter worth about $203,000. Finally, Mason Street Advisors LLC increased its position in MTS Systems Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,899 shares of the scientific and technical instruments company’s stock worth $215,000 after buying an additional 255 shares in the last quarter.

Shares of MTS Systems Corporation (NASDAQ MTSC) traded down 0.72% during midday trading on Wednesday, reaching $47.95. 12,993 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $51.80 and its 200 day moving average price is $52.54. MTS Systems Corporation has a 1-year low of $41.53 and a 1-year high of $59.00. The stock has a market capitalization of $812.99 million, a P/E ratio of 36.69 and a beta of 1.29.

MTS Systems Corporation (NASDAQ:MTSC) last announced its quarterly earnings data on Monday, August 7th. The scientific and technical instruments company reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.10. MTS Systems Corporation had a net margin of 3.13% and a return on equity of 12.49%. The company had revenue of $194 million for the quarter, compared to the consensus estimate of $193.03 million. During the same period in the prior year, the firm posted $0.78 EPS. The company’s quarterly revenue was up 23.0% compared to the same quarter last year. On average, equities analysts predict that MTS Systems Corporation will post $2.14 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 18th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Friday, September 15th. MTS Systems Corporation’s dividend payout ratio is presently 91.60%.

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A number of equities analysts have recently issued reports on MTSC shares. Zacks Investment Research upgraded shares of MTS Systems Corporation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 17th. FBR & Co reiterated an “outperform” rating on shares of MTS Systems Corporation in a research note on Tuesday, July 11th. Finally, BidaskClub downgraded shares of MTS Systems Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $55.67.

In other news, insider Jeffrey A. Graves acquired 1,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $48.31 per share, with a total value of $48,310.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider David Hore acquired 10,000 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was purchased at an average cost of $48.20 per share, for a total transaction of $482,000.00. Following the completion of the transaction, the insider now owns 15,000 shares in the company, valued at approximately $723,000. The disclosure for this purchase can be found here. Corporate insiders own 1.50% of the company’s stock.

About MTS Systems Corporation

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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