Norges Bank Acquires New Holdings in PROS Holdings, Inc. (NYSE:PRO)

Norges Bank purchased a new position in PROS Holdings, Inc. (NYSE:PRO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 320,591 shares of the software maker's stock, valued at approximately $12,436,000. Norges Bank owned 0.69% of PROS as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brown Advisory Inc. lifted its position in PROS by 11.4% during the fourth quarter. Brown Advisory Inc. now owns 2,814,405 shares of the software maker's stock valued at $109,171,000 after purchasing an additional 287,338 shares during the last quarter. Lindenwold Advisors INC purchased a new stake in PROS in the fourth quarter worth about $216,000. Charles Schwab Investment Management Inc. boosted its position in PROS by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 336,223 shares of the software maker's stock valued at $13,042,000 after acquiring an additional 4,057 shares in the last quarter. Sheets Smith Wealth Management grew its holdings in shares of PROS by 4.8% during the 4th quarter. Sheets Smith Wealth Management now owns 7,095 shares of the software maker's stock worth $275,000 after acquiring an additional 325 shares during the period. Finally, Victory Capital Management Inc. bought a new position in shares of PROS in the 4th quarter worth approximately $218,000. Hedge funds and other institutional investors own 94.27% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC restated a "buy" rating and set a $40.00 price target on shares of PROS in a research report on Thursday, May 23rd.

Insider Activity

In related news, CFO Stefan B. Schulz sold 6,000 shares of the company's stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $31.03, for a total value of $186,180.00. Following the transaction, the chief financial officer now owns 258,327 shares in the company, valued at approximately $8,015,886.81. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other PROS news, CFO Stefan B. Schulz sold 6,000 shares of PROS stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $31.03, for a total value of $186,180.00. Following the completion of the transaction, the chief financial officer now directly owns 258,327 shares of the company's stock, valued at $8,015,886.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Leland Jourdan sold 2,162 shares of the company's stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $31.03, for a total transaction of $67,086.86. Following the completion of the transaction, the director now owns 13,313 shares in the company, valued at approximately $413,102.39. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company's stock.

PROS Price Performance

NYSE:PRO traded up $0.01 during mid-day trading on Wednesday, hitting $28.37. 424,117 shares of the company's stock were exchanged, compared to its average volume of 312,139. The company has a market cap of $1.33 billion, a PE ratio of -26.99 and a beta of 1.24. PROS Holdings, Inc. has a one year low of $27.58 and a one year high of $40.99. The business has a fifty day moving average price of $33.25 and a 200 day moving average price of $35.23.

PROS (NYSE:PRO - Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The software maker reported $0.04 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.03. The company had revenue of $80.69 million during the quarter, compared to the consensus estimate of $79.84 million. During the same period in the prior year, the firm earned ($0.28) earnings per share. The business's revenue for the quarter was up 10.3% compared to the same quarter last year. On average, equities analysts forecast that PROS Holdings, Inc. will post -0.5 EPS for the current fiscal 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.