Wells Fargo & Company MN raised its position in MTS Systems Corporation (NASDAQ:MTSC) by 19.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 188,902 shares of the scientific and technical instruments company’s stock after acquiring an additional 30,372 shares during the quarter. Wells Fargo & Company MN owned approximately 1.13% of MTS Systems Corporation worth $9,785,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Good Life Advisors LLC increased its position in shares of MTS Systems Corporation by 0.7% during the second quarter. Good Life Advisors LLC now owns 4,281 shares of the scientific and technical instruments company’s stock valued at $219,000 after buying an additional 31 shares during the period. Arizona State Retirement System increased its position in shares of MTS Systems Corporation by 1.2% during the first quarter. Arizona State Retirement System now owns 8,653 shares of the scientific and technical instruments company’s stock valued at $476,000 after buying an additional 100 shares during the period. Texas Permanent School Fund increased its position in shares of MTS Systems Corporation by 1.2% during the second quarter. Texas Permanent School Fund now owns 12,223 shares of the scientific and technical instruments company’s stock valued at $633,000 after buying an additional 150 shares during the period. Naples Global Advisors LLC increased its position in shares of MTS Systems Corporation by 1.6% during the second quarter. Naples Global Advisors LLC now owns 11,222 shares of the scientific and technical instruments company’s stock valued at $581,000 after buying an additional 180 shares during the period. Finally, Mosaic Family Wealth LLC increased its position in shares of MTS Systems Corporation by 5.8% during the second quarter. Mosaic Family Wealth LLC now owns 3,361 shares of the scientific and technical instruments company’s stock valued at $174,000 after buying an additional 185 shares during the period.

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Several equities analysts recently issued reports on MTSC shares. Zacks Investment Research cut shares of MTS Systems Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. BidaskClub cut shares of MTS Systems Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, FBR & Co reiterated an “outperform” rating on shares of MTS Systems Corporation in a research report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $58.00.

MTS Systems Corporation (MTSC) opened at 54.15 on Thursday. The company’s 50 day moving average is $49.49 and its 200 day moving average is $50.97. MTS Systems Corporation has a 12 month low of $41.53 and a 12 month high of $59.00. The stock has a market cap of $918.11 million, a PE ratio of 41.43 and a beta of 1.28.

MTS Systems Corporation (NASDAQ:MTSC) last posted its quarterly earnings results on Monday, August 7th. The scientific and technical instruments company reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.10. The company had revenue of $194.00 million for the quarter, compared to the consensus estimate of $193.03 million. MTS Systems Corporation had a net margin of 3.13% and a return on equity of 12.49%. The firm’s revenue was up 23.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 EPS. On average, analysts anticipate that MTS Systems Corporation will post $2.14 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Monday, September 18th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.22%. The ex-dividend date was Friday, September 15th. MTS Systems Corporation’s dividend payout ratio is presently 91.60%.

In related news, insider David Hore purchased 5,000 shares of MTS Systems Corporation stock in a transaction that occurred on Thursday, August 24th. The shares were bought at an average price of $47.13 per share, with a total value of $235,650.00. Following the purchase, the insider now directly owns 20,977 shares of the company’s stock, valued at approximately $988,646.01. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William C. Becker purchased 4,000 shares of MTS Systems Corporation stock in a transaction that occurred on Wednesday, August 23rd. The stock was bought at an average cost of $46.40 per share, for a total transaction of $185,600.00. Following the purchase, the insider now directly owns 4,000 shares in the company, valued at $185,600. The disclosure for this purchase can be found here. Insiders purchased a total of 20,000 shares of company stock worth $951,560 in the last ninety days. 1.80% 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.

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

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