PNC Financial Services Group Inc. trimmed its position in MTS Systems Corporation (NASDAQ:MTSC) by 1.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,124 shares of the scientific and technical instruments company’s stock after selling 29 shares during the quarter. PNC Financial Services Group Inc.’s holdings in MTS Systems Corporation were worth $110,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MTSC. BlackRock Inc. increased its holdings in MTS Systems Corporation by 114,721.5% in the 1st quarter. BlackRock Inc. now owns 2,148,311 shares of the scientific and technical instruments company’s stock worth $118,264,000 after acquiring an additional 2,146,440 shares in the last quarter. Bowen Hanes & Co. Inc. purchased a new stake in MTS Systems Corporation during the 2nd quarter valued at approximately $10,878,000. Denver Investment Advisors LLC grew its holdings in MTS Systems Corporation by 46.7% during the 2nd quarter. Denver Investment Advisors LLC now owns 461,557 shares of the scientific and technical instruments company’s stock valued at $23,909,000 after buying an additional 146,953 shares in the last quarter. Kennedy Capital Management Inc. grew its holdings in MTS Systems Corporation by 192.2% during the 2nd quarter. Kennedy Capital Management Inc. now owns 131,439 shares of the scientific and technical instruments company’s stock valued at $6,809,000 after buying an additional 86,450 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in MTS Systems Corporation by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 1,518,170 shares of the scientific and technical instruments company’s stock valued at $83,576,000 after buying an additional 75,693 shares in the last quarter.

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A number of brokerages have issued reports on MTSC. Zacks Investment Research lowered shares of MTS Systems Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. BidaskClub lowered shares of MTS Systems Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, FBR & Co reaffirmed a “buy” rating on shares of MTS Systems Corporation in a report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $61.00.

Shares of MTS Systems Corporation (NASDAQ:MTSC) opened at 51.45 on Tuesday. MTS Systems Corporation has a one year low of $44.65 and a one year high of $59.00. The firm’s 50-day moving average is $52.40 and its 200-day moving average is $51.06. The stock has a market capitalization of $872.33 million, a price-to-earnings ratio of 39.36 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 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.10. The business had revenue of $194.00 million during the quarter, compared to analysts’ expectations of $193.03 million. MTS Systems Corporation had a return on equity of 12.49% and a net margin of 3.13%. The business’s revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 earnings per share. Equities research analysts forecast that MTS Systems Corporation will post $2.14 EPS for the current year.

In other MTS Systems Corporation news, insider David Hore acquired 10,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was acquired at an average cost of $48.20 per share, for a total transaction of $482,000.00. Following the completion of the transaction, the insider now directly owns 15,000 shares of the company’s stock, valued at $723,000. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider William C. Becker acquired 4,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was acquired at an average price of $46.40 per share, with a total value of $185,600.00. Following the completion of the transaction, the insider now directly owns 4,000 shares of the company’s stock, valued at $185,600. The disclosure for this purchase can be found here. Insiders bought 20,000 shares of company stock valued at $951,560 over the last 90 days. Company insiders own 1.80% of the company’s stock.

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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