Algert Global LLC Takes $6.71 Million Position in PROS Holdings, Inc. (NYSE:PRO)

Algert Global LLC bought a new stake in PROS Holdings, Inc. (NYSE:PRO - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 362,496 shares of the software maker's stock, valued at approximately $6,713,000. Algert Global LLC owned approximately 0.77% of PROS as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Fred Alger Management LLC raised its holdings in PROS by 14.7% during the second quarter. Fred Alger Management LLC now owns 2,919,116 shares of the software maker's stock worth $83,633,000 after acquiring an additional 373,982 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of PROS by 218.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 418,023 shares of the software maker's stock worth $7,742,000 after purchasing an additional 286,825 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of PROS by 3,489.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 268,362 shares of the software maker's stock worth $4,970,000 after purchasing an additional 260,886 shares in the last quarter. Kopion Asset Management LLC boosted its holdings in shares of PROS by 60.0% in the 3rd quarter. Kopion Asset Management LLC now owns 461,695 shares of the software maker's stock valued at $8,551,000 after buying an additional 173,168 shares during the last quarter. Finally, RGM Capital LLC grew its stake in shares of PROS by 5.9% in the second quarter. RGM Capital LLC now owns 2,978,677 shares of the software maker's stock valued at $85,339,000 after buying an additional 166,301 shares in the last quarter. 94.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on PRO. Craig Hallum upgraded shares of PROS from a "hold" rating to a "buy" rating and set a $31.00 target price for the company in a research note on Wednesday, October 30th. KeyCorp reduced their target price on PROS from $36.00 to $28.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th. Oppenheimer dropped their price target on PROS from $31.00 to $27.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. StockNews.com raised shares of PROS from a "hold" rating to a "buy" rating in a research report on Saturday, November 16th. Finally, Northland Securities reissued an "outperform" rating and issued a $38.00 price objective (down from $40.00) on shares of PROS in a research report on Wednesday, October 30th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $31.63.

PROS Stock Up 1.2 %

PRO traded up $0.29 during trading on Friday, reaching $23.92. 412,871 shares of the stock traded hands, compared to its average volume of 629,044. The stock's 50-day moving average is $19.87 and its 200 day moving average is $23.14. PROS Holdings, Inc. has a 12 month low of $16.64 and a 12 month high of $40.99. The stock has a market capitalization of $1.13 billion, a PE ratio of -38.58 and a beta of 1.20.

PROS (NYSE:PRO - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.05. The firm had revenue of $82.70 million for the quarter, compared to analyst estimates of $82.32 million. During the same period last year, the company posted ($0.17) earnings per share. The firm's quarterly revenue was up 7.1% compared to the same quarter last year. As a group, equities research analysts anticipate that PROS Holdings, Inc. will post -0.29 EPS for the current 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.