JPMorgan Chase & Co. Has $5.38 Million Stock Holdings in PROS Holdings, Inc. (NYSE:PRO)

JPMorgan Chase & Co. lessened its stake in shares of PROS Holdings, Inc. (NYSE:PRO) by 38.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 244,920 shares of the software maker’s stock after selling 152,504 shares during the period. JPMorgan Chase & Co. owned about 0.52% of PROS worth $5,378,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new stake in shares of PROS in the fourth quarter valued at about $156,000. Natixis Advisors LLC bought a new stake in shares of PROS during the fourth quarter worth approximately $237,000. Aigen Investment Management LP acquired a new stake in shares of PROS in the 4th quarter valued at approximately $252,000. Stephens Inc. AR raised its stake in PROS by 14.1% during the 4th 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. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of PROS by 17.0% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 13,940 shares of the software maker’s stock valued at $306,000 after buying an additional 2,023 shares during the period. 94.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Scott William Cook sold 5,000 shares of PROS stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $29.84, for a total value of $149,200.00. Following the completion of the sale, 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 legal filing with the SEC, which is available through the SEC website. 4.00% of the stock is currently owned by company insiders.

PROS Stock Up 0.1 %

NYSE PRO opened at $16.02 on Friday. PROS Holdings, Inc. has a 12-month low of $14.81 and a 12-month high of $34.71. The firm has a market cap of $765.52 million, a P/E ratio of -36.40 and a beta of 1.04. The company’s 50 day moving average is $21.11 and its 200-day moving average is $21.82.

PROS (NYSE:PRO) last released its quarterly earnings data on Thursday, February 6th. The software maker reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.15). Equities analysts expect that PROS Holdings, Inc. will post -0.2 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on PRO shares. Needham & Company LLC restated a “buy” rating and issued a $30.00 price target on shares of PROS in a research note on Friday, February 7th. Robert W. Baird reduced their target price on PROS from $30.00 to $27.00 and set an “outperform” rating on the stock in a report on Tuesday, April 8th. Oppenheimer lowered shares of PROS from an “outperform” rating to a “market perform” rating in a report on Thursday, January 16th. KeyCorp increased their price target on PROS from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Finally, Stifel Nicolaus upped their target price on PROS from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, February 7th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, PROS has a consensus rating of “Moderate Buy” and a consensus target price of $31.63.

PROS 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.