Rockefeller Capital Management L.P. decreased its position in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) by 40.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,025,834 shares of the software maker's stock after selling 701,192 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 2.17% of PROS worth $22,547,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Barclays PLC increased its position in PROS by 345.4% during the 3rd quarter. Barclays PLC now owns 238,382 shares of the software maker's stock valued at $4,415,000 after purchasing an additional 184,856 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of PROS by 570.6% during the third quarter. JPMorgan Chase & Co. now owns 397,424 shares of the software maker's stock valued at $7,360,000 after purchasing an additional 338,158 shares in the last quarter. US Bancorp DE increased its holdings in PROS by 11.1% during the fourth quarter. US Bancorp DE now owns 18,500 shares of the software maker's stock valued at $406,000 after buying an additional 1,841 shares during the period. Vanguard Group Inc. raised its stake in PROS by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 5,670,130 shares of the software maker's stock worth $124,516,000 after buying an additional 172,997 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in PROS by 28.3% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 14,289 shares of the software maker's stock worth $314,000 after buying an additional 3,148 shares during the period. 94.27% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on PRO shares. Robert W. Baird reduced their price target on PROS from $30.00 to $27.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. KeyCorp boosted their target price on shares of PROS from $28.00 to $31.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Stifel Nicolaus raised their price target on shares of PROS from $26.00 to $30.00 and gave the company a "buy" rating in a report on Friday, February 7th. Needham & Company LLC reaffirmed a "buy" rating and issued a $30.00 price objective on shares of PROS in a research report on Friday, February 7th. Finally, Oppenheimer cut shares of PROS from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, PROS has a consensus rating of "Moderate Buy" and an average price target of $31.63.
Check Out Our Latest Research Report on PROS
Insider Buying and Selling
In related news, CAO Scott William Cook sold 5,000 shares of PROS stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $29.84, for a total transaction of $149,200.00. Following the completion of the transaction, the chief accounting officer now directly owns 59,159 shares in the company, valued at approximately $1,765,304.56. This trade represents a 7.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.00% of the stock is currently owned by corporate insiders.
PROS Stock Performance
PRO stock traded up $0.02 during midday trading on Friday, reaching $16.02. The stock had a trading volume of 305,131 shares, compared to its average volume of 516,860. The firm has a fifty day simple moving average of $21.11 and a two-hundred day simple moving average of $21.82. PROS Holdings, Inc. has a 52-week low of $14.81 and a 52-week high of $34.71. The stock has a market cap of $765.52 million, a PE ratio of -36.40 and a beta of 1.04.
PROS (NYSE:PRO - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.15). On average, sell-side analysts predict that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal year.
About PROS
(
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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