Globeflex Capital L P Purchases New Position in PROS Holdings, Inc. (NYSE:PRO)

Globeflex Capital L P acquired a new stake in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 38,863 shares of the software maker's stock, valued at approximately $853,000. Globeflex Capital L P owned about 0.08% of PROS at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PRO. Jacobs Levy Equity Management Inc. acquired a new stake in shares of PROS during the 3rd quarter valued at about $17,921,000. Tensile Capital Management LP lifted its stake in PROS by 373.4% in the third quarter. Tensile Capital Management LP now owns 1,161,301 shares of the software maker's stock valued at $21,507,000 after acquiring an additional 915,990 shares during the last quarter. Algert Global LLC acquired a new stake in PROS in the third quarter valued at approximately $6,713,000. JPMorgan Chase & Co. increased its stake in shares of PROS by 570.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 397,424 shares of the software maker's stock worth $7,360,000 after purchasing an additional 338,158 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of PROS during the 4th quarter valued at $6,447,000. Hedge funds and other institutional investors own 94.27% of the company's stock.

Insider Buying and Selling at PROS

In other news, CAO Scott William Cook sold 5,000 shares of PROS stock in a transaction dated 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 in the company, valued at approximately $1,765,304.56. The trade was a 7.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.70% of the company's stock.

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PROS Stock Up 2.2 %

NYSE PRO traded up $0.45 during midday trading on Wednesday, hitting $20.98. The company had a trading volume of 409,921 shares, compared to its average volume of 473,129. The firm has a fifty day simple moving average of $23.98 and a two-hundred day simple moving average of $21.92. PROS Holdings, Inc. has a fifty-two week low of $16.64 and a fifty-two week high of $38.71. The stock has a market cap of $997.98 million, a price-to-earnings ratio of -47.68 and a beta of 1.14.

PROS (NYSE:PRO - Get Free Report) last released its earnings results 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). As a group, equities analysts predict that PROS Holdings, Inc. will post -0.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

PRO has been the topic of several analyst reports. KeyCorp increased their target price on shares of PROS from $28.00 to $31.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Robert W. Baird raised their price objective on PROS from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday, December 5th. Needham & Company LLC reaffirmed a "buy" rating and set a $30.00 target price on shares of PROS in a research report on Friday, February 7th. Oppenheimer lowered shares of PROS from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 16th. Finally, Stifel Nicolaus upped their price objective on shares of PROS from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, February 7th. One research analyst has rated the stock with a hold rating and eight have issued 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 $32.00.

About PROS

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.