Amundi Makes New Investment in PROS Holdings, Inc. (NYSE:PRO)

Amundi bought a new position in PROS Holdings, Inc. (NYSE:PRO - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 20,412 shares of the software maker's stock, valued at approximately $444,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of PRO. Oppenheimer Asset Management Inc. grew its holdings in PROS by 29.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 11,917 shares of the software maker's stock worth $221,000 after acquiring an additional 2,700 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of PROS by 3,489.6% in the third 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 during the last quarter. Intech Investment Management LLC purchased a new position in PROS during the 3rd quarter valued at about $204,000. Charles Schwab Investment Management Inc. increased its holdings in PROS by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 359,543 shares of the software maker's stock valued at $6,659,000 after purchasing an additional 4,832 shares during the period. Finally, Algert Global LLC bought a new position in PROS during the 3rd quarter valued at approximately $6,713,000. Institutional investors own 94.27% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PRO shares. KeyCorp boosted their target price on PROS from $28.00 to $31.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Robert W. Baird raised their target price on shares of PROS from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. Oppenheimer cut shares of PROS from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 16th. Needham & Company LLC restated a "buy" rating and issued a $30.00 price objective on shares of PROS in a report on Friday, February 7th. Finally, Stifel Nicolaus upped their target price on PROS from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, February 7th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $32.00.

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Insider Buying and Selling

In related news, CAO Scott William Cook sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $29.84, for a total transaction of $149,200.00. Following the completion of the sale, the chief accounting officer now owns 59,159 shares of the company's stock, valued at $1,765,304.56. This trade represents a 7.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.70% of the stock is currently owned by company insiders.

PROS Stock Up 3.1 %

Shares of NYSE PRO traded up $0.64 on Monday, reaching $21.24. 254,902 shares of the company's stock traded hands, compared to its average volume of 474,575. The business's 50 day simple moving average is $23.92 and its two-hundred day simple moving average is $21.96. PROS Holdings, Inc. has a 12 month low of $16.64 and a 12 month high of $38.71. The company has a market cap of $1.01 billion, a price-to-earnings ratio of -48.27 and a beta of 1.14.

PROS (NYSE:PRO - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The software maker reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.15). Analysts forecast that PROS Holdings, Inc. will post -0.2 earnings per share 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.