Goldman Sachs Group Inc. cut its position in shares of MTS Systems Corporation (NASDAQ:MTSC) by 19.5% during the first quarter, Holdings Channel reports. The institutional investor owned 19,344 shares of the scientific and technical instruments company’s stock after selling 4,691 shares during the period. Goldman Sachs Group Inc.’s holdings in MTS Systems Corporation were worth $1,065,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Norges Bank acquired a new position in MTS Systems Corporation during the fourth quarter worth $11,982,000. Bank of Montreal Can raised its position in MTS Systems Corporation by 2.6% in the first quarter. Bank of Montreal Can now owns 33,927 shares of the scientific and technical instruments company’s stock worth $1,868,000 after buying an additional 865 shares in the last quarter. First National Bank of Omaha raised its position in MTS Systems Corporation by 17.2% in the first quarter. First National Bank of Omaha now owns 43,548 shares of the scientific and technical instruments company’s stock worth $2,397,000 after buying an additional 6,406 shares in the last quarter. Louisiana State Employees Retirement System raised its position in MTS Systems Corporation by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 6,800 shares of the scientific and technical instruments company’s stock worth $374,000 after buying an additional 100 shares in the last quarter. Finally, State of Alaska Department of Revenue raised 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.

MTS Systems Corporation (NASDAQ MTSC) traded up 0.52% on Friday, reaching $48.20. 78,145 shares of the company were exchanged. The firm has a 50-day moving average of $51.97 and a 200 day moving average of $52.76. MTS Systems Corporation has a 12-month low of $41.53 and a 12-month high of $59.00. The firm has a market capitalization of $817.23 million, a P/E ratio of 36.88 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 Thomson Reuters’ consensus estimate of $0.46 by $0.10. The firm had revenue of $194 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 company’s revenue was up 23.0% on a year-over-year basis. During the same period last year, the firm earned $0.78 EPS. On average, equities analysts predict that MTS Systems Corporation will post $2.14 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, September 18th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, September 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.49%. MTS Systems Corporation’s payout ratio is 91.60%.

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MTSC has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of MTS Systems Corporation from a “hold” rating to a “strong sell” rating in a research note on Saturday, April 15th. TheStreet lowered shares of MTS Systems Corporation from a “b-” rating to a “c” rating in a research note on Monday, April 17th. FBR & Co reiterated an “outperform” rating on shares of MTS Systems Corporation in a research note on Tuesday, July 11th. Finally, BidaskClub lowered 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 assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $55.67.

In other news, insider Jeffrey A. Graves sold 1,426 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $54.40, for a total transaction of $77,574.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey A. Graves sold 23,820 shares of the firm’s 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 sale, the insider now owns 50,514 shares in the company, valued at $2,732,807.40. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

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.

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

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