Royce & Associates LP Grows Holdings in PROS Holdings, Inc. (NYSE:PRO)

Royce & Associates LP boosted its stake in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 174.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 128,164 shares of the software maker's stock after buying an additional 81,500 shares during the quarter. Royce & Associates LP owned approximately 0.27% of PROS worth $2,814,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Intech Investment Management LLC purchased a new stake in shares of PROS during the third quarter worth about $204,000. Oppenheimer Asset Management Inc. grew its stake in PROS by 29.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 11,917 shares of the software maker's stock worth $221,000 after acquiring an additional 2,700 shares during the period. Quadrature Capital Ltd grew its stake in PROS by 19.3% in the 3rd quarter. Quadrature Capital Ltd now owns 12,589 shares of the software maker's stock worth $233,000 after acquiring an additional 2,034 shares during the period. Natixis Advisors LLC acquired a new position in PROS in the 4th quarter valued at $237,000. Finally, Paloma Partners Management Co purchased a new position in shares of PROS during the 3rd quarter worth $252,000. Institutional investors and hedge funds own 94.27% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on PRO shares. KeyCorp upped their target price on PROS from $28.00 to $31.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Stifel Nicolaus upped their price objective on shares of PROS from $26.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Oppenheimer lowered shares of PROS from an "outperform" rating to a "market perform" rating in a report on Thursday, January 16th. Needham & Company LLC restated a "buy" rating and issued a $30.00 target price on shares of PROS in a report on Friday, February 7th. Finally, Robert W. Baird increased their price target on shares of PROS from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

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Insiders Place Their Bets

In other PROS news, CAO Scott William Cook sold 5,000 shares of the company's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $29.84, for a total value of $149,200.00. Following the completion of the transaction, the chief accounting officer now directly owns 59,159 shares of the company's stock, valued at $1,765,304.56. This represents a 7.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.70% of the stock is owned by company insiders.

PROS Trading Up 0.2 %

PRO traded up $0.04 during trading on Tuesday, hitting $21.20. 206,359 shares of the company's stock were exchanged, compared to its average volume of 474,465. PROS Holdings, Inc. has a 1 year low of $16.64 and a 1 year high of $38.71. The stock has a 50 day moving average price of $23.91 and a 200 day moving average price of $21.98. The firm has a market cap of $1.01 billion, a P/E ratio of -48.18 and a beta of 1.14.

PROS (NYSE:PRO - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The software maker reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.15). Analysts forecast that PROS Holdings, Inc. will post -0.2 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.