Cubist Systematic Strategies LLC Invests $2.47 Million in PROS Holdings, Inc. (NYSE:PRO)

Cubist Systematic Strategies LLC acquired a new stake in PROS Holdings, Inc. (NYSE:PRO - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 86,273 shares of the software maker's stock, valued at approximately $2,472,000. Cubist Systematic Strategies LLC owned approximately 0.18% of PROS as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PRO. Nomura Holdings Inc. lifted its stake in PROS by 2.6% during the fourth quarter. Nomura Holdings Inc. now owns 415,701 shares of the software maker's stock worth $16,125,000 after purchasing an additional 10,341 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of PROS by 82.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 128,453 shares of the software maker's stock worth $4,667,000 after buying an additional 57,945 shares during the period. Principal Financial Group Inc. boosted its stake in PROS by 9.1% in the 1st quarter. Principal Financial Group Inc. now owns 5,779 shares of the software maker's stock valued at $210,000 after buying an additional 484 shares in the last quarter. Capstone Investment Advisors LLC bought a new stake in PROS in the first quarter valued at $646,000. Finally, GSA Capital Partners LLP acquired a new position in PROS during the first quarter worth $532,000. 94.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on PRO. Stifel Nicolaus reduced their target price on shares of PROS from $40.00 to $32.00 and set a "buy" rating on the stock in a research note on Wednesday, July 31st. Craig Hallum decreased their price objective on shares of PROS from $32.00 to $31.00 and set a "hold" rating on the stock in a research note on Wednesday, July 31st. Oppenheimer cut their target price on shares of PROS from $42.00 to $31.00 and set an "outperform" rating for the company in a research note on Wednesday, July 31st. KeyCorp decreased their price target on PROS from $43.00 to $36.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 31st. Finally, Bank of America cut their price objective on PROS from $43.00 to $39.00 and set a "buy" rating for the company in a research report on Tuesday, August 27th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $34.86.

PROS Stock Up 1.0 %

NYSE:PRO traded up $0.18 during trading hours on Friday, hitting $18.65. 341,645 shares of the stock were exchanged, compared to its average volume of 458,109. The company has a market capitalization of $876.62 million, a P/E ratio of -17.76 and a beta of 1.21. The company's 50 day moving average is $18.67 and its two-hundred day moving average is $26.08. PROS Holdings, Inc. has a twelve month low of $16.64 and a twelve month high of $40.99.

PROS (NYSE:PRO - Get Free Report) last posted 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 firm had revenue of $82.01 million during the quarter, compared to the consensus estimate of $81.38 million. PROS's revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.24) EPS. On average, equities research analysts expect that PROS Holdings, Inc. will post -0.43 EPS for the current year.

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.