FMR LLC trimmed its position in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 95.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 136,975 shares of the software maker's stock after selling 2,735,821 shares during the quarter. FMR LLC owned approximately 0.29% of PROS worth $2,537,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. RGM Capital LLC raised its holdings in shares of PROS by 5.9% during the second 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 period. Fred Alger Management LLC grew its position in shares of PROS by 14.7% during the 2nd quarter. Fred Alger Management LLC now owns 2,919,116 shares of the software maker's stock valued at $83,633,000 after buying an additional 373,982 shares during the last quarter. William Blair Investment Management LLC raised its stake in PROS by 7.9% during the second quarter. William Blair Investment Management LLC now owns 745,004 shares of the software maker's stock worth $21,344,000 after acquiring an additional 54,607 shares during the period. Kopion Asset Management LLC lifted its holdings in PROS by 60.0% in the third quarter. Kopion Asset Management LLC now owns 461,695 shares of the software maker's stock worth $8,551,000 after acquiring an additional 173,168 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in PROS by 218.6% in the third quarter. Assenagon Asset Management S.A. now owns 418,023 shares of the software maker's stock valued at $7,742,000 after acquiring an additional 286,825 shares during the period. 94.27% of the stock is owned by institutional investors and hedge funds.
PROS Stock Down 5.0 %
PRO traded down $1.23 during trading on Friday, reaching $23.46. The stock had a trading volume of 488,850 shares, compared to its average volume of 472,499. The stock has a 50 day moving average of $21.54 and a two-hundred day moving average of $22.38. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -37.84 and a beta of 1.21. PROS Holdings, Inc. has a 1-year low of $16.64 and a 1-year high of $40.99.
PROS (NYSE:PRO - Get Free Report) last issued its quarterly 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 firm had revenue of $82.70 million during the quarter, compared to analysts' expectations of $82.32 million. During the same quarter last year, the company posted ($0.17) EPS. The firm's revenue was up 7.1% compared to the same quarter last year. On average, research analysts forecast that PROS Holdings, Inc. will post -0.29 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on PRO. KeyCorp dropped their price target on PROS from $36.00 to $28.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. StockNews.com raised shares of PROS from a "hold" rating to a "buy" rating in a report on Saturday, November 16th. Craig Hallum raised PROS from a "hold" rating to a "buy" rating and set a $31.00 price target on the stock in a report on Wednesday, October 30th. Northland Securities reissued an "outperform" rating and issued a $38.00 price objective (down from $40.00) on shares of PROS in a report on Wednesday, October 30th. Finally, Needham & Company LLC cut their target price on PROS from $40.00 to $30.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, PROS presently has a consensus rating of "Buy" and a consensus target price of $31.88.
View Our Latest Stock Report on PROS
PROS Profile
(
Free Report)
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.
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