Vanguard Group Inc. Purchases 172,997 Shares of PROS Holdings, Inc. (NYSE:PRO)

Vanguard Group Inc. lifted its position in PROS Holdings, Inc. (NYSE:PRO) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,670,130 shares of the software maker’s stock after acquiring an additional 172,997 shares during the quarter. Vanguard Group Inc. owned 11.99% of PROS worth $124,516,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PRO. KLP Kapitalforvaltning AS purchased a new position in PROS during the 4th quarter valued at about $156,000. Quadrature Capital Ltd boosted its stake in shares of PROS by 19.3% during the third quarter. Quadrature Capital Ltd now owns 12,589 shares of the software maker’s stock valued at $233,000 after purchasing an additional 2,034 shares in the last quarter. Natixis Advisors LLC purchased a new position in PROS during the fourth quarter valued at approximately $237,000. Aigen Investment Management LP bought a new position in PROS in the fourth quarter worth approximately $252,000. Finally, Stephens Inc. AR lifted its holdings in PROS by 14.1% during the fourth quarter. Stephens Inc. AR now owns 12,616 shares of the software maker’s stock worth $277,000 after buying an additional 1,556 shares during the period. 94.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PRO has been the topic of a number of analyst reports. Oppenheimer downgraded PROS from an “outperform” rating to a “market perform” rating in a report on Thursday, January 16th. Needham & Company LLC reissued a “buy” rating and set a $30.00 price target on shares of PROS in a research report on Friday, February 7th. Stifel Nicolaus lifted their price objective on shares of PROS from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Robert W. Baird reduced their price objective on shares of PROS from $30.00 to $27.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, KeyCorp raised their target price on shares of PROS from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $31.63.

Insider Buying and Selling at PROS

In related news, CAO Scott William Cook sold 5,000 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $29.84, for a total transaction of $149,200.00. Following the completion of the transaction, the chief accounting officer now directly owns 59,159 shares in the company, valued at $1,765,304.56. The trade was a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.70% of the company’s stock.

PROS Stock Up 1.1 %

Shares of PROS stock opened at $15.20 on Wednesday. The firm has a market capitalization of $726.71 million, a P/E ratio of -34.55 and a beta of 1.04. PROS Holdings, Inc. has a 52 week low of $14.81 and a 52 week high of $38.31. The company has a 50 day moving average price of $22.71 and a 200 day moving average price of $22.00.

PROS (NYSE:PRO) last posted its quarterly earnings results on Thursday, February 6th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.15). As a group, research analysts anticipate that PROS Holdings, Inc. will post -0.2 earnings per share for the current fiscal year.

PROS Company Profile

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.