Kopion Asset Management LLC Purchases 173,168 Shares of PROS Holdings, Inc. (NYSE:PRO)

Kopion Asset Management LLC increased its stake in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) by 60.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 461,695 shares of the software maker's stock after purchasing an additional 173,168 shares during the quarter. PROS accounts for 6.2% of Kopion Asset Management LLC's holdings, making the stock its 8th largest holding. Kopion Asset Management LLC owned about 0.98% of PROS worth $8,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of PRO. Principal Financial Group Inc. lifted its holdings in PROS by 9.1% during the 1st quarter. Principal Financial Group Inc. now owns 5,779 shares of the software maker's stock worth $210,000 after buying an additional 484 shares during the last quarter. ProShare Advisors LLC increased its position in PROS by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 8,035 shares of the software maker's stock worth $292,000 after purchasing an additional 632 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of PROS by 10.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,088 shares of the software maker's stock worth $289,000 after acquiring an additional 916 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of PROS in the 2nd quarter worth approximately $29,000. Finally, Quarry LP acquired a new stake in shares of PROS in the 2nd quarter worth approximately $38,000. 94.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PRO shares. Stifel Nicolaus lowered their price target on PROS from $40.00 to $32.00 and set a "buy" rating on the stock in a report on Wednesday, July 31st. StockNews.com upgraded PROS from a "hold" rating to a "buy" rating in a report on Wednesday. Needham & Company LLC restated a "buy" rating and issued a $40.00 price target on shares of PROS in a report on Monday, September 9th. Craig Hallum lowered their price target on PROS from $32.00 to $31.00 and set a "hold" rating on the stock in a report on Wednesday, July 31st. Finally, KeyCorp lowered their target price on PROS from $43.00 to $36.00 and set an "overweight" rating on the stock in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $34.86.

PROS Trading Up 1.7 %

Shares of PROS stock traded up $0.31 during trading hours on Wednesday, reaching $18.97. 582,660 shares of the company's stock were exchanged, compared to its average volume of 457,198. PROS Holdings, Inc. has a 52-week low of $16.64 and a 52-week high of $40.99. The firm has a market capitalization of $891.67 million, a price-to-earnings ratio of -17.90 and a beta of 1.21. The company has a fifty day moving average of $18.60 and a 200-day moving average of $25.76.

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 for the quarter, topping analysts' consensus estimates of $0.02 by $0.05. The business had revenue of $82.01 million for the quarter, compared to analysts' expectations of $81.38 million. The company's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.24) EPS. On average, equities research analysts anticipate that PROS Holdings, Inc. will post -0.43 earnings per share 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.