Legato Capital Management LLC Sells 4,740 Shares of PROS Holdings, Inc. (NYSE:PRO)

Legato Capital Management LLC trimmed its holdings in shares of PROS Holdings, Inc. (NYSE:PROFree Report) by 36.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,210 shares of the software maker’s stock after selling 4,740 shares during the period. Legato Capital Management LLC’s holdings in PROS were worth $318,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. FMR LLC lifted its stake in shares of PROS by 94.2% during the 3rd quarter. FMR LLC now owns 2,561,817 shares of the software maker’s stock worth $88,690,000 after buying an additional 1,242,334 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in PROS by 1,560.7% during the first quarter. Rockefeller Capital Management L.P. now owns 1,044,111 shares of the software maker’s stock worth $28,608,000 after acquiring an additional 981,240 shares during the period. Deutsche Bank AG increased its position in PROS by 116.0% during the third quarter. Deutsche Bank AG now owns 804,051 shares of the software maker’s stock worth $27,836,000 after acquiring an additional 431,793 shares during the period. Norges Bank bought a new position in PROS during the fourth quarter worth about $10,395,000. Finally, Cadian Capital Management LP bought a new position in PROS during the third quarter worth about $13,405,000. Institutional investors own 94.27% of the company’s stock.

PROS Price Performance

PRO stock opened at $35.37 on Tuesday. PROS Holdings, Inc. has a 12 month low of $24.61 and a 12 month high of $40.99. The company’s 50-day moving average price is $35.55 and its two-hundred day moving average price is $35.48.

PROS (NYSE:PROGet Free Report) last posted its quarterly earnings results on Thursday, February 8th. The software maker reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). The firm had revenue of $77.48 million for the quarter, compared to the consensus estimate of $76.70 million. During the same quarter in the prior year, the firm posted ($0.20) EPS. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, sell-side analysts expect that PROS Holdings, Inc. will post -0.54 EPS for the current fiscal year.

Insider Activity

In other news, CFO Stefan B. Schulz sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $35.92, for a total value of $215,520.00. Following the sale, the chief financial officer now directly owns 260,223 shares in the company, valued at approximately $9,347,210.16. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on PRO shares. KeyCorp raised shares of PROS from a “sector weight” rating to an “overweight” rating and set a $43.00 price target on the stock in a research report on Friday, January 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of PROS in a research report on Monday, March 4th. Finally, Robert W. Baird raised their price target on shares of PROS from $40.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, December 4th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $39.67.

Check Out Our Latest Stock Analysis on PROS

PROS Profile

(Free Report)

PROS Holdings, Inc provides software solutions that optimize the processes of selling and shopping in the digital economy in Europe, the Asia Pacific, the Middle East, Africa, and internationally. The company offers PROS Smart Configure Price Quote that improves sales productivity and accelerate deal velocity by automating common sales tasks; and PROS Smart Price Optimization and Management, which enables businesses to optimize, personalize, and harmonize pricing.

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Institutional Ownership by Quarter for PROS (NYSE:PRO)

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