Jane Street Group LLC Sells 23,860 Shares of PROS Holdings, Inc. (NYSE:PRO)

Jane Street Group LLC cut its stake in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) by 31.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,629 shares of the software maker's stock after selling 23,860 shares during the quarter. Jane Street Group LLC owned 0.11% of PROS worth $956,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in 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 purchasing an additional 916 shares in the last quarter. Quest Partners LLC increased its stake in shares of PROS by 183,446.2% in the second quarter. Quest Partners LLC now owns 23,861 shares of the software maker's stock valued at $684,000 after buying an additional 23,848 shares during the period. William Blair Investment Management LLC raised its holdings in PROS by 7.9% in the 2nd quarter. William Blair Investment Management LLC now owns 745,004 shares of the software maker's stock valued at $21,344,000 after buying an additional 54,607 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in PROS in the 2nd quarter valued at approximately $264,000. Finally, Envestnet Asset Management Inc. grew its holdings in PROS by 18.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 375,076 shares of the software maker's stock worth $10,746,000 after acquiring an additional 57,511 shares during the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.

PROS Stock Performance

Shares of PROS stock traded up $0.12 on Wednesday, reaching $21.96. 229,755 shares of the company's stock were exchanged, compared to its average volume of 468,816. The company has a market capitalization of $1.04 billion, a P/E ratio of -35.42 and a beta of 1.21. PROS Holdings, Inc. has a 52 week low of $16.64 and a 52 week high of $38.71. The firm's 50-day moving average is $22.62 and its two-hundred day moving average is $21.86.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Robert W. Baird raised their price target on shares of PROS from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday, December 5th. Craig Hallum raised PROS from a "hold" rating to a "buy" rating and set a $31.00 target price for the company in a research report on Wednesday, October 30th. Northland Securities reiterated an "outperform" rating and issued a $38.00 price target (down previously from $40.00) on shares of PROS in a research report on Wednesday, October 30th. Oppenheimer lowered their price objective on PROS from $31.00 to $27.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Finally, Needham & Company LLC cut their price objective 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 analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $31.88.

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.