Envestnet Asset Management Inc. Sells 51,644 Shares of PROS Holdings, Inc. (NYSE:PRO)

Envestnet Asset Management Inc. lowered its position in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 14.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 297,463 shares of the software maker's stock after selling 51,644 shares during the period. Envestnet Asset Management Inc. owned 0.63% of PROS worth $6,532,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of PROS by 2.9% in the 3rd quarter. State Street Corp now owns 1,167,706 shares of the software maker's stock worth $21,626,000 after purchasing an additional 33,176 shares in the last quarter. Barclays PLC raised its holdings in PROS by 345.4% during the third quarter. Barclays PLC now owns 238,382 shares of the software maker's stock worth $4,415,000 after buying an additional 184,856 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of PROS by 570.6% in the third 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 in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of PROS by 28.3% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 14,289 shares of the software maker's stock valued at $314,000 after buying an additional 3,148 shares during the last quarter. Finally, Stephens Inc. AR increased its position in shares of PROS by 14.1% during the fourth quarter. Stephens Inc. AR now owns 12,616 shares of the software maker's stock worth $277,000 after acquiring an additional 1,556 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company's stock.

Insider Activity at PROS

In other PROS news, CAO Scott William Cook sold 5,000 shares of the business's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $29.84, for a total value of $149,200.00. Following the completion of the sale, the chief accounting officer now directly owns 59,159 shares of the company's stock, valued at $1,765,304.56. The trade was a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 4.00% of the stock is owned by insiders.

PROS Stock Performance

Shares of NYSE:PRO opened at $16.02 on Monday. The company has a market capitalization of $765.52 million, a P/E ratio of -36.40 and a beta of 1.04. The company's 50-day moving average is $21.11 and its 200 day moving average is $21.87. PROS Holdings, Inc. has a fifty-two week low of $14.81 and a fifty-two week high of $34.71.

PROS (NYSE:PRO - Get Free Report) last posted its quarterly earnings results 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, research analysts predict that PROS Holdings, Inc. will post -0.2 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. KeyCorp raised their price target on shares of PROS from $28.00 to $31.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Needham & Company LLC restated a "buy" rating and issued a $30.00 target price on shares of PROS in a report on Friday, February 7th. Stifel Nicolaus upped their price target on PROS from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Robert W. Baird dropped their price objective on PROS from $30.00 to $27.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Finally, Oppenheimer lowered shares of PROS from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average 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.

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