JPMorgan Chase & Co. Sells 152,504 Shares of PROS Holdings, Inc. (NYSE:PRO)

JPMorgan Chase & Co. cut its holdings in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 38.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 244,920 shares of the software maker's stock after selling 152,504 shares during the quarter. JPMorgan Chase & Co. owned about 0.52% of PROS worth $5,378,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. KLP Kapitalforvaltning AS acquired a new stake in shares of PROS during the fourth quarter worth $156,000. Natixis Advisors LLC bought a new position in PROS during the 4th quarter worth about $237,000. Aigen Investment Management LP acquired a new stake in shares of PROS in the 4th quarter valued at about $252,000. Stephens Inc. AR lifted its holdings in shares of PROS by 14.1% in the fourth quarter. Stephens Inc. AR now owns 12,616 shares of the software maker's stock valued at $277,000 after purchasing an additional 1,556 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of PROS by 17.0% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 13,940 shares of the software maker's stock worth $306,000 after buying an additional 2,023 shares during the period. 94.27% of the stock is owned by institutional investors.

Insider Buying and Selling at PROS

In related news, CAO Scott William Cook sold 5,000 shares of PROS 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 approximately $1,765,304.56. The trade was a 7.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 4.00% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented 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 lowered their price target on shares of PROS from $30.00 to $27.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Needham & Company LLC restated a "buy" rating and set a $30.00 price objective on shares of PROS in a research note on Friday, February 7th. Oppenheimer downgraded PROS from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 16th. Finally, Stifel Nicolaus raised their price target on PROS from $26.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, February 7th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $31.63.

PROS Price Performance

PROS stock traded down $0.34 during trading hours on Monday, hitting $15.73. The company had a trading volume of 411,771 shares, compared to its average volume of 517,097. PROS Holdings, Inc. has a one year low of $14.81 and a one year high of $34.71. The firm has a 50-day moving average of $21.11 and a 200 day moving average of $21.87. The firm has a market cap of $751.85 million, a PE ratio of -35.75 and a beta of 1.04.

PROS (NYSE:PRO - Get Free Report) last announced its earnings results on Thursday, February 6th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.15). As a group, research analysts expect that PROS Holdings, Inc. will post -0.2 earnings per share for the current year.

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.