Russell Investments Group Ltd. Grows Stake in PROS Holdings, Inc. (NYSE:PRO)

Russell Investments Group Ltd. increased its holdings in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 31.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,024 shares of the software maker's stock after purchasing an additional 16,551 shares during the quarter. Russell Investments Group Ltd. owned 0.15% of PROS worth $1,538,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Franklin Resources Inc. boosted its stake in PROS by 3.3% in the 4th quarter. Franklin Resources Inc. now owns 33,852 shares of the software maker's stock worth $743,000 after purchasing an additional 1,080 shares during the period. Norges Bank bought a new position in PROS during the fourth quarter valued at approximately $2,794,000. Vanguard Group Inc. boosted its holdings 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 purchasing an additional 172,997 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in PROS during the fourth quarter worth approximately $156,000. Finally, Royce & Associates LP increased its stake in shares of PROS by 174.7% in the fourth quarter. Royce & Associates LP now owns 128,164 shares of the software maker's stock worth $2,814,000 after purchasing an additional 81,500 shares during the period. Institutional investors and hedge funds own 94.27% of the company's stock.

Insider Activity

In other news, CAO Scott William Cook sold 5,000 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $29.84, for a total value of $149,200.00. Following the sale, the chief accounting officer now owns 59,159 shares of the company's stock, valued at approximately $1,765,304.56. This represents a 7.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 4.00% of the company's stock.

Analyst Ratings Changes

PRO has been the subject of a number of analyst reports. Robert W. Baird cut their price objective on PROS from $30.00 to $27.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Needham & Company LLC reaffirmed a "buy" rating and set a $30.00 price target on shares of PROS in a research report on Friday, February 7th. KeyCorp lifted their price objective on shares of PROS from $28.00 to $31.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Oppenheimer downgraded shares of PROS from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 16th. Finally, Stifel Nicolaus boosted their price objective on PROS from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, February 7th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $31.63.

PROS Stock Down 2.1 %

Shares of PROS stock traded down $0.34 during trading on Monday, hitting $15.73. 411,771 shares of the stock traded hands, compared to its average volume of 517,097. PROS Holdings, Inc. has a 52 week low of $14.81 and a 52 week high of $34.71. The firm's fifty day moving average is $20.88 and its 200-day moving average is $21.86. The stock has a market cap of $751.85 million, a price-to-earnings ratio of -35.75 and a beta of 1.04.

PROS (NYSE:PRO - Get Free Report) last posted its earnings results on Thursday, February 6th. The software maker reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.15). On average, analysts forecast that PROS Holdings, Inc. will post -0.2 earnings per share for the current fiscal 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.