22,002 Shares in PROS Holdings, Inc. (NYSE:PRO) Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas purchased a new stake in shares of PROS Holdings, Inc. (NYSE:PRO) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 22,002 shares of the software maker’s stock, valued at approximately $419,000.

Other large investors have also added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its holdings in PROS by 153.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker’s stock valued at $34,000 after purchasing an additional 926 shares during the last quarter. Franklin Resources Inc. grew its position in PROS by 3.3% during the fourth quarter. Franklin Resources Inc. now owns 33,852 shares of the software maker’s stock valued at $743,000 after buying an additional 1,080 shares during the period. Comerica Bank lifted its stake in shares of PROS by 264.5% in the fourth quarter. Comerica Bank now owns 1,571 shares of the software maker’s stock worth $34,000 after buying an additional 1,140 shares in the last quarter. Swiss National Bank raised its stake in PROS by 1.7% during the fourth quarter. Swiss National Bank now owns 78,900 shares of the software maker’s stock worth $1,733,000 after purchasing an additional 1,300 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of PROS in the fourth quarter valued at approximately $30,000. Institutional investors own 94.27% of the company’s stock.

PROS Trading Up 3.6%

PRO stock opened at $15.59 on Friday. The company has a market cap of $745.84 million, a price-to-earnings ratio of -55.67 and a beta of 0.98. PROS Holdings, Inc. has a 12 month low of $13.61 and a 12 month high of $29.84. The firm has a 50-day moving average of $16.81 and a two-hundred day moving average of $19.71.

PROS (NYSE:PRO) last issued its quarterly earnings results on Thursday, May 1st. The software maker reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. The business had revenue of $86.32 million during the quarter, compared to analysts’ expectations of $85.69 million. During the same period in the prior year, the business earned $0.04 EPS. The business’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, equities analysts forecast that PROS Holdings, Inc. will post -0.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PRO has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price target on shares of PROS in a report on Thursday, June 12th. Stifel Nicolaus reduced their price objective on shares of PROS from $24.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, July 8th. Baird R W cut PROS from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 16th. Wall Street Zen upgraded PROS from a “hold” rating to a “buy” rating in a research note on Sunday, July 13th. Finally, Robert W. Baird cut PROS from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $27.00 to $18.00 in a report on Monday, June 16th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.50.

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.