Barclays PLC Raises Holdings in PROS Holdings, Inc. (NYSE:PRO)

Barclays PLC boosted its holdings in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) by 11.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 265,722 shares of the software maker's stock after purchasing an additional 27,340 shares during the period. Barclays PLC owned about 0.56% of PROS worth $5,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in PRO. JPMorgan Chase & Co. lifted its holdings in shares of PROS by 570.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 397,424 shares of the software maker's stock valued at $7,360,000 after buying an additional 338,158 shares during the period. US Bancorp DE increased its holdings in PROS by 11.1% in the fourth quarter. US Bancorp DE now owns 18,500 shares of the software maker's stock valued at $406,000 after buying an additional 1,841 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of PROS by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 5,670,130 shares of the software maker's stock valued at $124,516,000 after purchasing an additional 172,997 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in PROS by 28.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 14,289 shares of the software maker's stock worth $314,000 after purchasing an additional 3,148 shares during the period. Finally, Rice Hall James & Associates LLC boosted its position in PROS by 18.5% during the fourth quarter. Rice Hall James & Associates LLC now owns 263,193 shares of the software maker's stock worth $5,780,000 after purchasing an additional 41,111 shares in the last quarter. 94.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at PROS

In related news, CAO Scott William Cook sold 5,000 shares of the company'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 sale, the chief accounting officer now directly owns 59,159 shares of the company's stock, valued at $1,765,304.56. This represents a 7.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.00% of the stock is currently owned by company insiders.

PROS Stock Up 0.1 %

Shares of PRO traded up $0.01 during midday trading on Tuesday, reaching $17.76. The company had a trading volume of 308,435 shares, compared to its average volume of 522,189. PROS Holdings, Inc. has a 1-year low of $14.81 and a 1-year high of $34.52. The firm has a 50 day simple moving average of $19.90 and a 200-day simple moving average of $21.82. The stock has a market cap of $848.87 million, a PE ratio of -40.36 and a beta of 1.04.

PROS (NYSE:PRO - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The software maker reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.15). As a group, sell-side analysts anticipate that PROS Holdings, Inc. will post -0.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PRO has been the subject of several research analyst reports. Robert W. Baird reduced their target price on PROS from $30.00 to $27.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Stifel Nicolaus boosted their price target on shares of PROS from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Needham & Company LLC reaffirmed a "buy" rating and set a $30.00 price objective on shares of PROS in a report on Friday, February 7th. KeyCorp boosted their target price on shares of PROS from $28.00 to $31.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Finally, Oppenheimer downgraded shares of PROS from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 16th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, PROS currently has a consensus rating of "Moderate Buy" and an average target price of $31.63.

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.