Millennium Management LLC Sells 18,632 Shares of MTS Systems Co. (MTSC)

Millennium Management LLC trimmed its stake in shares of MTS Systems Co. (NASDAQ:MTSC) by 55.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,968 shares of the scientific and technical instruments company’s stock after selling 18,632 shares during the quarter. Millennium Management LLC’s holdings in MTS Systems were worth $788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of MTSC. Segall Bryant & Hamill LLC bought a new position in MTS Systems during the 2nd quarter worth approximately $16,274,000. BlackRock Inc. grew its position in shares of MTS Systems by 8.3% in the 2nd quarter. BlackRock Inc. now owns 2,426,929 shares of the scientific and technical instruments company’s stock worth $127,777,000 after buying an additional 185,546 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of MTS Systems by 16.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 829,762 shares of the scientific and technical instruments company’s stock worth $43,687,000 after buying an additional 115,271 shares during the last quarter. Tributary Capital Management LLC grew its position in shares of MTS Systems by 18.0% in the 2nd quarter. Tributary Capital Management LLC now owns 455,163 shares of the scientific and technical instruments company’s stock worth $23,964,000 after buying an additional 69,439 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of MTS Systems by 602.8% in the 2nd quarter. Renaissance Technologies LLC now owns 50,600 shares of the scientific and technical instruments company’s stock worth $2,664,000 after buying an additional 43,400 shares during the last quarter. Institutional investors and hedge funds own 97.69% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. BidaskClub lowered MTS Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 19th. ValuEngine upgraded MTS Systems from a “hold” rating to a “buy” rating in a research report on Thursday, August 23rd. Zacks Investment Research lowered MTS Systems from a “hold” rating to a “sell” rating in a research report on Friday, August 10th. Finally, B. Riley set a $70.00 price objective on MTS Systems and gave the stock a “buy” rating in a research report on Sunday, August 5th.

Shares of MTSC stock opened at $48.85 on Thursday. The company has a market capitalization of $866.21 million, a PE ratio of 27.09, a price-to-earnings-growth ratio of 1.87 and a beta of 1.01. MTS Systems Co. has a fifty-two week low of $42.00 and a fifty-two week high of $57.50. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.09 and a current ratio of 1.67.

MTS Systems (NASDAQ:MTSC) last released its earnings results on Monday, August 6th. The scientific and technical instruments company reported $0.49 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.15). The firm had revenue of $194.67 million during the quarter, compared to analysts’ expectations of $204.63 million. MTS Systems had a net margin of 7.18% and a return on equity of 7.56%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.56 EPS. Research analysts forecast that MTS Systems Co. will post 2.05 earnings per share for the current year.

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About MTS Systems

MTS Systems Corporation supplies test systems and sensors in the Americas, Europe, and Asia. The company's Test segment offers road simulators and component test systems for durability testing; vehicle performance test systems; vehicle dynamics simulators; electrical motors and energy recovery systems; tire performance and rolling resistance measurement systems; and moving ground-plane systems and balances.

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

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