Connor Clark & Lunn Investment Management Ltd. Purchases 260,886 Shares of PROS Holdings, Inc. (NYSE:PRO)

Connor Clark & Lunn Investment Management Ltd. increased its holdings in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 3,489.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 268,362 shares of the software maker's stock after buying an additional 260,886 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.57% of PROS worth $4,970,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of PRO. Vanguard Group Inc. raised its position in shares of PROS by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 4,909,642 shares of the software maker's stock worth $178,367,000 after buying an additional 144,729 shares in the last quarter. RGM Capital LLC grew its stake in shares of PROS by 5.9% in the 2nd quarter. RGM Capital LLC now owns 2,978,677 shares of the software maker's stock worth $85,339,000 after purchasing an additional 166,301 shares during the last quarter. Fred Alger Management LLC grew its stake in shares of PROS by 14.7% in the 2nd quarter. Fred Alger Management LLC now owns 2,919,116 shares of the software maker's stock worth $83,633,000 after purchasing an additional 373,982 shares during the last quarter. William Blair Investment Management LLC grew its stake in shares of PROS by 7.9% in the 2nd quarter. William Blair Investment Management LLC now owns 745,004 shares of the software maker's stock worth $21,344,000 after purchasing an additional 54,607 shares during the last quarter. Finally, Kopion Asset Management LLC grew its stake in shares of PROS by 60.0% in the 3rd quarter. Kopion Asset Management LLC now owns 461,695 shares of the software maker's stock worth $8,551,000 after purchasing an additional 173,168 shares during the last quarter. 94.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PRO. StockNews.com raised shares of PROS from a "hold" rating to a "buy" rating in a research note on Saturday, November 16th. Bank of America dropped their target price on shares of PROS from $43.00 to $39.00 and set a "buy" rating on the stock in a research report on Tuesday, August 27th. Robert W. Baird dropped their target price on shares of PROS from $35.00 to $28.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 30th. Northland Securities reissued an "outperform" rating and issued a $38.00 target price (down from $40.00) on shares of PROS in a research report on Wednesday, October 30th. Finally, Needham & Company LLC dropped their target price on shares of PROS from $40.00 to $30.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $31.63.

PROS Trading Up 1.2 %

NYSE PRO traded up $0.29 during trading on Friday, reaching $23.92. The company's stock had a trading volume of 412,871 shares, compared to its average volume of 629,044. The business has a 50-day moving average price of $19.87 and a 200-day moving average price of $23.08. PROS Holdings, Inc. has a 1-year low of $16.64 and a 1-year high of $40.99. The stock has a market capitalization of $1.13 billion, a PE ratio of -38.58 and a beta of 1.20.

PROS (NYSE:PRO - Get Free Report) last released its earnings results on Tuesday, October 29th. The software maker reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. The company had revenue of $82.70 million for the quarter, compared to analyst estimates of $82.32 million. PROS's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.17) earnings per share. As a group, analysts expect that PROS Holdings, Inc. will post -0.29 earnings per share 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.