AXQ Capital LP Makes New $594,000 Investment in PROS Holdings, Inc. $PRO

AXQ Capital LP acquired a new stake in PROS Holdings, Inc. (NYSE:PRO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 37,941 shares of the software maker’s stock, valued at approximately $594,000. AXQ Capital LP owned 0.08% of PROS as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of PRO. JPMorgan Chase & Co. grew its position in PROS by 104.7% during the second quarter. JPMorgan Chase & Co. now owns 209,503 shares of the software maker’s stock valued at $3,281,000 after buying an additional 107,136 shares during the period. Magnetar Financial LLC bought a new stake in shares of PROS during the second quarter valued at about $516,000. Swiss National Bank lifted its stake in PROS by 5.5% in the 2nd quarter. Swiss National Bank now owns 82,200 shares of the software maker’s stock worth $1,287,000 after purchasing an additional 4,300 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its position in shares of PROS by 99.7% in the second quarter. Dynamic Technology Lab Private Ltd now owns 26,209 shares of the software maker’s stock worth $410,000 after buying an additional 13,087 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of PROS by 100.6% during the 2nd quarter. SG Americas Securities LLC now owns 34,708 shares of the software maker’s stock valued at $544,000 after acquiring an additional 17,410 shares during the last quarter. Institutional investors own 94.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on PRO shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of PROS in a research report on Wednesday. KeyCorp cut shares of PROS from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, September 23rd. Northland Securities set a $23.25 price objective on PROS in a research report on Tuesday, September 30th. Northland Capmk cut shares of PROS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Finally, Needham & Company LLC downgraded PROS from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a report on Tuesday, September 23rd. One analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, PROS presently has an average rating of “Hold” and an average target price of $21.65.

PROS Price Performance

PRO stock opened at $23.09 on Friday. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -74.48 and a beta of 1.02. The business has a 50 day simple moving average of $22.29 and a two-hundred day simple moving average of $18.28. PROS Holdings, Inc. has a 1-year low of $13.61 and a 1-year high of $29.84.

PROS (NYSE:PRO) last issued its quarterly earnings data on Monday, October 27th. The software maker reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.27. The firm had revenue of $91.68 million for the quarter, compared to analysts’ expectations of $94.71 million. The firm’s revenue was up 10.9% on a year-over-year basis. During the same period last year, the company earned $0.14 earnings per share. Sell-side analysts anticipate that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal year.

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.