Nordea Investment Management AB grew its stake in shares of MTS Systems Corporation (NASDAQ:MTSC) by 30.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,424 shares of the scientific and technical instruments company’s stock after acquiring an additional 8,282 shares during the quarter. Nordea Investment Management AB owned about 0.21% of MTS Systems Corporation worth $1,835,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Thrivent Financial For Lutherans boosted its holdings in shares of MTS Systems Corporation by 4.9% during the 1st quarter. Thrivent Financial For Lutherans now owns 9,440 shares of the scientific and technical instruments company’s stock valued at $520,000 after acquiring an additional 440 shares during the last quarter. First National Bank of Omaha boosted its holdings in shares of MTS Systems Corporation by 11.0% during the 2nd quarter. First National Bank of Omaha now owns 48,351 shares of the scientific and technical instruments company’s stock valued at $2,505,000 after acquiring an additional 4,803 shares during the last quarter. Naples Global Advisors LLC boosted its holdings in shares of MTS Systems Corporation by 1.6% during the 2nd quarter. Naples Global Advisors LLC now owns 11,222 shares of the scientific and technical instruments company’s stock valued at $581,000 after acquiring an additional 180 shares during the last quarter. Tudor Investment Corp ET AL boosted its holdings in shares of MTS Systems Corporation by 24.3% during the 1st quarter. Tudor Investment Corp ET AL now owns 19,966 shares of the scientific and technical instruments company’s stock valued at $1,099,000 after acquiring an additional 3,900 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of MTS Systems Corporation by 13.5% during the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 19,814 shares of the scientific and technical instruments company’s stock valued at $1,091,000 after acquiring an additional 2,350 shares during the last quarter.

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

Shares of MTS Systems Corporation (MTSC) opened at 54.20 on Friday. MTS Systems Corporation has a one year low of $41.53 and a one year high of $59.00. The stock’s 50 day moving average is $49.66 and its 200-day moving average is $50.99. The stock has a market cap of $918.96 million, a P/E ratio of 41.47 and a beta of 1.28.

MTS Systems Corporation (NASDAQ:MTSC) last posted 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. MTS Systems Corporation had a net margin of 3.13% and a return on equity of 12.49%. The firm had revenue of $194.00 million for the quarter, compared to the consensus estimate of $193.03 million. During the same quarter in the prior year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up 23.0% compared to the same quarter last year. On average, equities analysts forecast that MTS Systems Corporation will post $2.14 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Monday, September 18th were issued a $0.30 dividend. The ex-dividend date was Friday, September 15th. This represents a $1.20 annualized dividend and a yield of 2.21%. MTS Systems Corporation’s dividend payout ratio (DPR) is presently 91.60%.

In other MTS Systems Corporation news, insider David Hore purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were bought at an average price of $48.20 per share, for a total transaction of $482,000.00. Following the acquisition, the insider now owns 15,000 shares in the company, valued at $723,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider William C. Becker purchased 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was acquired at an average price of $46.40 per share, for a total transaction of $185,600.00. Following the acquisition, the insider now owns 4,000 shares in the company, valued at approximately $185,600. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 20,000 shares of company stock worth $951,560. 1.80% of the stock is owned by corporate insiders.

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MTS Systems Corporation 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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