PROS Holdings, Inc. $PRO Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC decreased its position in PROS Holdings, Inc. (NYSE:PRO) by 2.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,018,439 shares of the software maker’s stock after selling 24,837 shares during the period. Geode Capital Management LLC owned about 2.12% of PROS worth $15,950,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of PRO. Acadian Asset Management LLC raised its stake in PROS by 44.4% in the 2nd quarter. Acadian Asset Management LLC now owns 451,378 shares of the software maker’s stock valued at $7,057,000 after purchasing an additional 138,865 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of PROS by 27.1% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 486,120 shares of the software maker’s stock valued at $7,613,000 after buying an additional 103,596 shares in the last quarter. Teacher Retirement System of Texas increased its stake in PROS by 46.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 32,319 shares of the software maker’s stock worth $506,000 after buying an additional 10,317 shares during the period. Y Intercept Hong Kong Ltd increased its holdings in PROS by 375.5% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 139,741 shares of the software maker’s stock worth $2,188,000 after purchasing an additional 110,350 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in PROS during the 2nd quarter worth approximately $70,000. Institutional investors and hedge funds own 94.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PRO shares. KeyCorp cut shares of PROS from an “overweight” rating to a “sector weight” rating in a report on Tuesday, September 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of PROS in a research report on Tuesday, November 25th. Needham & Company LLC lowered shares of PROS from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a research report on Tuesday, September 23rd. Northland Capmk downgraded shares of PROS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. Finally, Northland Securities set a $23.25 target price on shares of PROS in a research note on Tuesday, September 30th. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $21.65.

PROS Stock Performance

PROS stock opened at $23.23 on Tuesday. The firm has a market cap of $1.12 billion, a PE ratio of -74.92 and a beta of 1.02. PROS Holdings, Inc. has a twelve month low of $13.61 and a twelve month high of $29.84. The firm’s 50 day moving average price is $23.04 and its two-hundred day moving average price is $18.51.

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 analysts’ consensus estimates of ($0.05) by $0.27. The business had revenue of $91.68 million during the quarter, compared to the consensus estimate of $94.71 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. Equities analysts anticipate that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal year.

About PROS

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.