Assenagon Asset Management S.A. Purchases 161,856 Shares of PROS Holdings, Inc. $PRO

Assenagon Asset Management S.A. lifted its holdings in PROS Holdings, Inc. (NYSE:PRO) by 170.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 256,880 shares of the software maker’s stock after purchasing an additional 161,856 shares during the quarter. Assenagon Asset Management S.A. owned about 0.53% of PROS worth $5,885,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Disciplined Growth Investors Inc. MN grew its stake in shares of PROS by 30.4% during the second quarter. Disciplined Growth Investors Inc. MN now owns 1,400,778 shares of the software maker’s stock worth $21,936,000 after acquiring an additional 326,673 shares during the last quarter. Tensile Capital Management LP raised its holdings in shares of PROS by 0.7% during the first quarter. Tensile Capital Management LP now owns 1,012,362 shares of the software maker’s stock worth $19,265,000 after purchasing an additional 6,749 shares during the last quarter. Westerly Capital Management LLC raised its stake in shares of PROS by 244.5% during the 2nd quarter. Westerly Capital Management LLC now owns 999,000 shares of the software maker’s stock valued at $15,644,000 after buying an additional 709,000 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of PROS by 290.9% in the 2nd quarter. Marshall Wace LLP now owns 830,894 shares of the software maker’s stock valued at $13,012,000 after buying an additional 618,344 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of PROS by 18.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 750,616 shares of the software maker’s stock worth $14,284,000 after purchasing an additional 118,882 shares during the period. Institutional investors and hedge funds own 94.27% of the company’s stock.

PROS Price Performance

PROS stock opened at $23.25 on Monday. PROS Holdings, Inc. has a 1-year low of $13.61 and a 1-year high of $29.84. The stock has a market cap of $1.12 billion, a PE ratio of -75.00 and a beta of 0.66. The stock’s fifty day moving average is $23.13 and its two-hundred day moving average is $19.05.

PROS (NYSE:PRO) last posted its earnings results on Monday, October 27th. The software maker reported $0.22 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.27. The business had revenue of $91.68 million for the quarter, compared to analysts’ expectations of $94.71 million. During the same quarter in the previous year, the firm earned $0.14 EPS. PROS’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, research analysts expect that PROS Holdings, Inc. will post -0.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. KeyCorp cut 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 target on shares of 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. Needham & Company LLC cut PROS from a “buy” rating to a “hold” rating and set a $25.00 price target for the company. in a report on Tuesday, September 23rd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of PROS in a report on Monday, December 8th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, PROS currently has a consensus rating of “Hold” and a consensus price target of $21.65.

PROS Company Profile

PROS Holdings, Inc (NYSE:PRO) is a global software company specializing in AI-driven solutions for pricing optimization, sales guidance and revenue management. The company’s flagship platform leverages advanced analytics and machine learning to help businesses set dynamic prices, streamline quoting processes and improve margin performance. PROS solutions also support e-commerce initiatives by enabling personalized pricing and real-time inventory management.

Founded in 1985 and headquartered in Houston, Texas, PROS has expanded its footprint across North America, Europe and the Asia-Pacific region.