PROS Holdings, Inc. $PRO Shares Sold by Nomura Holdings Inc.

Nomura Holdings Inc. trimmed its stake in shares of PROS Holdings, Inc. (NYSE:PRO) by 15.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 339,027 shares of the software maker’s stock after selling 62,135 shares during the quarter. Nomura Holdings Inc. owned 0.70% of PROS worth $5,309,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of PROS by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 5,847,056 shares of the software maker’s stock valued at $111,269,000 after buying an additional 176,926 shares during the period. Disciplined Growth Investors Inc. MN raised its holdings in PROS by 30.4% in the second quarter. Disciplined Growth Investors Inc. MN now owns 1,400,778 shares of the software maker’s stock valued at $21,936,000 after acquiring an additional 326,673 shares in the last quarter. Nuveen LLC purchased a new position in PROS in the first quarter worth approximately $23,893,000. Tensile Capital Management LP grew its holdings in PROS by 0.7% during the 1st quarter. Tensile Capital Management LP now owns 1,012,362 shares of the software maker’s stock worth $19,265,000 after acquiring an additional 6,749 shares in the last quarter. Finally, Westerly Capital Management LLC grew its holdings in PROS by 244.5% during the 2nd quarter. Westerly Capital Management LLC now owns 999,000 shares of the software maker’s stock worth $15,644,000 after acquiring an additional 709,000 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on PRO shares. Northland Securities set a $23.25 price objective on shares of PROS in a research report on Tuesday, September 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PROS in a report on Monday, December 8th. Needham & Company LLC downgraded PROS from a “buy” rating to a “hold” rating and set a $25.00 price objective on the stock. in a report on Tuesday, September 23rd. Northland Capmk lowered PROS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Finally, KeyCorp cut PROS from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, September 23rd. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $21.65.

PROS Stock Performance

PROS stock opened at $23.25 on Tuesday. The company has a market capitalization of $1.12 billion, a P/E ratio of -75.00 and a beta of 0.66. PROS Holdings, Inc. has a fifty-two week low of $13.61 and a fifty-two week high of $29.84. The stock has a 50-day simple moving average of $23.10 and a 200-day simple moving average of $18.91.

PROS (NYSE:PRO) last released its quarterly earnings results on Monday, October 27th. The software maker reported $0.22 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 analyst estimates of $94.71 million. During the same period last year, the firm earned $0.14 EPS. The company’s quarterly revenue was up 10.9% on a year-over-year basis. As a group, analysts forecast that PROS Holdings, Inc. will post -0.2 earnings per share for the current 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.