Bessemer Group Inc. reduced its position in shares of MTS Systems Corporation (NASDAQ:MTSC) by 50.6% during the second quarter, Holdings Channel reports. The institutional investor owned 13,200 shares of the scientific and technical instruments company’s stock after selling 13,500 shares during the period. Bessemer Group Inc.’s holdings in MTS Systems Corporation were worth $684,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of 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 valued at $101,000 after buying an additional 50 shares during the period. 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 valued at $175,000 after buying an additional 91 shares during the period. 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 valued at $195,000 after buying an additional 384 shares during the period. Dubuque Bank & Trust Co. bought a new position in MTS Systems Corporation during the first quarter valued at approximately $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 valued at $215,000 after buying an additional 255 shares during the period.

Shares of MTS Systems Corporation (NASDAQ:MTSC) opened at 46.70 on Friday. The company’s 50 day moving average price is $51.56 and its 200 day moving average price is $52.47. The stock has a market cap of $791.80 million, a PE ratio of 35.73 and a beta of 1.29. MTS Systems Corporation has a 52-week low of $41.53 and a 52-week high of $59.00.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 18th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.57%. MTS Systems Corporation’s payout ratio is 91.60%.

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

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

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.

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

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