Envestnet Asset Management Inc. Has $10.75 Million Position in PROS Holdings, Inc. (NYSE:PRO)

Envestnet Asset Management Inc. grew its holdings in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) by 18.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 375,076 shares of the software maker's stock after purchasing an additional 57,511 shares during the quarter. Envestnet Asset Management Inc. owned about 0.80% of PROS worth $10,746,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in PRO. Parallel Advisors LLC grew its holdings in PROS by 137.6% in the 4th quarter. Parallel Advisors LLC now owns 701 shares of the software maker's stock valued at $27,000 after buying an additional 406 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of PROS by 9.1% in the 1st quarter. Principal Financial Group Inc. now owns 5,779 shares of the software maker's stock worth $210,000 after purchasing an additional 484 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of PROS during the second quarter worth approximately $210,000. Hennion & Walsh Asset Management Inc. acquired a new stake in PROS during the 2nd quarter valued at $251,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of PROS in the second quarter valued at about $264,000. Institutional investors and hedge funds own 94.27% of the company's stock.

Wall Street Analysts Forecast Growth

PRO has been the topic of several recent research reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $40.00 target price on shares of PROS in a research note on Monday, September 9th. StockNews.com upgraded shares of PROS from a "hold" rating to a "buy" rating in a report on Thursday. Oppenheimer decreased their price target on shares of PROS from $42.00 to $31.00 and set an "outperform" rating for the company in a report on Wednesday, July 31st. Bank of America dropped their price objective on PROS from $43.00 to $39.00 and set a "buy" rating on the stock in a research note on Tuesday, August 27th. Finally, Craig Hallum decreased their target price on PROS from $32.00 to $31.00 and set a "hold" rating for the company in a research note on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $34.86.

PROS Price Performance

PRO stock traded down $0.29 during trading hours on Friday, reaching $18.85. 419,251 shares of the stock were exchanged, compared to its average volume of 461,873. The company has a market cap of $886.03 million, a price-to-earnings ratio of -17.95 and a beta of 1.20. The firm's 50-day moving average is $19.95 and its 200-day moving average is $27.32. PROS Holdings, Inc. has a 12 month low of $16.64 and a 12 month high of $40.99.

PROS (NYSE:PRO - Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The software maker reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. The business had revenue of $82.01 million during the quarter, compared to analyst estimates of $81.38 million. During the same quarter in the previous year, the firm posted ($0.24) earnings per share. The firm's quarterly revenue was up 8.2% on a year-over-year basis. As a group, equities research analysts forecast that PROS Holdings, Inc. will post -0.43 earnings per share for the current year.

PROS 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.