California Public Employees Retirement System increased its holdings in MTS Systems Corporation (NASDAQ:MTSC) by 8.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,500 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,700 shares during the period. California Public Employees Retirement System owned 0.22% of MTS Systems Corporation worth $1,891,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC purchased a new position in MTS Systems Corporation in the 2nd quarter worth approximately $110,000. State of Alaska Department of Revenue lifted its holdings in MTS Systems Corporation by 78.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,304 shares of the scientific and technical instruments company’s stock worth $171,000 after purchasing an additional 1,454 shares in the last quarter. Mosaic Family Wealth LLC lifted its holdings in MTS Systems Corporation by 5.8% in the 2nd quarter. Mosaic Family Wealth LLC now owns 3,361 shares of the scientific and technical instruments company’s stock worth $174,000 after purchasing an additional 185 shares in the last quarter. Good Life Advisors LLC lifted its holdings in MTS Systems Corporation by 0.7% in the 2nd quarter. Good Life Advisors LLC now owns 4,281 shares of the scientific and technical instruments company’s stock worth $219,000 after purchasing an additional 31 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new position in MTS Systems Corporation in the 1st quarter worth approximately $238,000.
MTS Systems Corporation (NASDAQ:MTSC) opened at $51.90 on Friday. The stock has a market cap of $882.54 million, a price-to-earnings ratio of 19.49, a P/E/G ratio of 2.12 and a beta of 1.25. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.06 and a quick ratio of 1.46.
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 company had revenue of $194.00 million for the quarter, compared to the consensus estimate of $193.03 million. MTS Systems Corporation had a return on equity of 12.49% and a net margin of 3.13%. MTS Systems Corporation’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.78 EPS. equities analysts anticipate that MTS Systems Corporation will post 2.1 earnings per share for the current year.
In other MTS Systems Corporation news, insider Jeffrey A. Graves acquired 1,000 shares of the business’s stock in a transaction on Friday, August 11th. The shares were bought at an average price of $48.31 per share, with a total value of $48,310.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider William C. Becker acquired 4,000 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was acquired at an average cost of $46.40 per share, for a total transaction of $185,600.00. Following the transaction, the insider now directly owns 4,000 shares in the company, valued at $185,600. The disclosure for this purchase can be found here. Insiders acquired a total of 20,000 shares of company stock worth $951,560 in the last ninety days. 1.80% of the stock is currently owned by corporate insiders.
MTSC has been the topic of a number of research analyst reports. Zacks Investment Research cut MTS Systems Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. BidaskClub cut 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 research note on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company’s stock. MTS Systems Corporation presently has a consensus rating of “Hold” and an average price target of $61.00.
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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