BNP Paribas Arbitrage SA boosted its position in MTS Systems Corporation (NASDAQ:MTSC) by 80.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,364 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,829 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in MTS Systems Corporation were worth $330,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of MTSC. Louisiana State Employees Retirement System lifted its position in MTS Systems Corporation by 1.5% in the 1st quarter. Louisiana State Employees Retirement System now owns 6,800 shares of the scientific and technical instruments company’s stock valued at $374,000 after purchasing an additional 100 shares during the last quarter. Nationwide Fund Advisors lifted its position in MTS Systems Corporation by 150.0% in the 1st quarter. Nationwide Fund Advisors now owns 26,169 shares of the scientific and technical instruments company’s stock valued at $1,441,000 after purchasing an additional 15,701 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in MTS Systems Corporation by 5.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 23,400 shares of the scientific and technical instruments company’s stock valued at $1,287,000 after purchasing an additional 1,313 shares during the last quarter. US Bancorp DE lifted its position in MTS Systems Corporation by 4.9% in the 1st quarter. US Bancorp DE now owns 19,244 shares of the scientific and technical instruments company’s stock valued at $1,059,000 after purchasing an additional 898 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in MTS Systems Corporation by 2.6% in the 1st quarter. Bank of New York Mellon Corp now owns 269,188 shares of the scientific and technical instruments company’s stock valued at $14,818,000 after purchasing an additional 6,909 shares during the last quarter.

Shares of MTS Systems Corporation (NASDAQ:MTSC) opened at 50.90 on Tuesday. The company has a 50-day moving average of $48.78 and a 200 day moving average of $51.08. MTS Systems Corporation has a 12 month low of $41.53 and a 12 month high of $59.00. The company has a market capitalization of $863.01 million, a P/E ratio of 38.94 and a beta of 1.27.

MTS Systems Corporation (NASDAQ:MTSC) last posted its earnings results on Monday, August 7th. The scientific and technical instruments company reported $0.56 earnings per share for the quarter, topping 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 business had revenue of $194.00 million for the quarter, compared to analyst estimates of $193.03 million. During the same quarter in the prior year, the firm earned $0.78 EPS. The firm’s quarterly revenue was up 23.0% compared to the same quarter last year. Analysts forecast that MTS Systems Corporation will post $2.14 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 18th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $1.20 annualized dividend and a yield of 2.36%. MTS Systems Corporation’s dividend payout ratio (DPR) is 91.60%.

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In related news, insider Jeffrey A. Graves purchased 1,000 shares of MTS Systems Corporation stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average price of $48.31 per share, for a total transaction of $48,310.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David Hore purchased 10,000 shares of MTS Systems Corporation 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 transaction, the insider now owns 15,000 shares in the company, valued at $723,000. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 20,000 shares of company stock worth $951,560. 1.50% of the stock is owned by corporate insiders.

Several analysts recently weighed in on MTSC shares. Zacks Investment Research downgraded shares of MTS Systems Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. FBR & Co reiterated an “outperform” rating on shares of MTS Systems Corporation in a research report on Tuesday, July 11th. Finally, BidaskClub downgraded shares of MTS Systems Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $55.67.

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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