Denver Investment Advisors LLC boosted its position in MTS Systems Corporation (NASDAQ:MTSC) by 46.7% during the second quarter, Holdings Channel reports. The fund owned 461,557 shares of the scientific and technical instruments company’s stock after buying an additional 146,953 shares during the period. MTS Systems Corporation comprises about 1.1% of Denver Investment Advisors LLC’s holdings, making the stock its 17th largest position. Denver Investment Advisors LLC’s holdings in MTS Systems Corporation were worth $23,909,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of MTSC. State of Alaska Department of Revenue increased its position in shares of 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 during the last quarter. Mosaic Family Wealth LLC increased its position in shares of 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 worth $175,000 after buying an additional 91 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of 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 worth $195,000 after buying an additional 384 shares during the last quarter. Dubuque Bank & Trust Co. purchased a new position in shares of MTS Systems Corporation during the first quarter worth approximately $203,000. Finally, Mason Street Advisors LLC increased its position in shares of 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 worth $215,000 after buying an additional 255 shares during the last quarter.

Shares of MTS Systems Corporation (MTSC) opened at 49.30 on Tuesday. The stock has a market capitalization of $835.88 million, a PE ratio of 37.72 and a beta of 1.29. The company has a 50-day moving average of $51.88 and a 200-day moving average of $52.62. MTS Systems Corporation has a 12 month low of $41.53 and a 12 month high of $59.00.

MTS Systems Corporation (NASDAQ:MTSC) last announced its quarterly earnings data 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. The company had revenue of $194 million during the quarter, compared to analyst estimates 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 for the quarter was up 23.0% compared to the same quarter last year. During the same period last year, the business earned $0.78 EPS. On average, equities research analysts expect that MTS Systems Corporation will post $2.14 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 18th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Friday, September 15th. MTS Systems Corporation’s dividend payout ratio is currently 91.60%.

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A number of brokerages recently weighed in on MTSC. TheStreet cut shares of MTS Systems Corporation from a “b-” rating to a “c” rating in a research report on Monday, April 17th. Zacks Investment Research raised shares of MTS Systems Corporation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 17th. FBR & Co reissued an “outperform” rating on shares of MTS Systems Corporation in a research report on Tuesday, July 11th. Finally, BidaskClub cut shares of 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, three have given a hold rating and two have given 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.

In related news, insider David Hore acquired 10,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was bought at an average cost of $48.20 per share, with a total value of $482,000.00. Following the acquisition, the insider now directly owns 15,000 shares in the company, valued at $723,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey A. Graves sold 23,820 shares of the firm’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $54.10, for a total transaction of $1,288,662.00. Following the transaction, the insider now directly owns 50,514 shares of the company’s stock, 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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