S Squared Technology LLC Sells 51,287 Shares of PROS Holdings, Inc. (NYSE:PRO)

S Squared Technology LLC cut its stake in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 27.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,252 shares of the software maker's stock after selling 51,287 shares during the quarter. PROS makes up approximately 1.2% of S Squared Technology LLC's investment portfolio, making the stock its 25th largest holding. S Squared Technology LLC owned approximately 0.29% of PROS worth $2,970,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. boosted its holdings in PROS by 570.6% in the 3rd 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 during the period. Raymond James Financial Inc. bought a new position in PROS during the 4th quarter worth $6,447,000. Barclays PLC lifted its position in shares of 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 acquiring an additional 184,856 shares during the period. Vanguard Group Inc. grew its holdings in shares of PROS by 3.1% during the 4th 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. Finally, Marshall Wace LLP raised its stake in PROS by 683.5% in the fourth quarter. Marshall Wace LLP now owns 166,021 shares of the software maker's stock valued at $3,646,000 after purchasing an additional 144,830 shares in the last quarter. Institutional investors own 94.27% of the company's stock.

Insider Activity

In other PROS news, CAO Scott William Cook sold 5,000 shares of PROS stock in a transaction dated 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 owns 59,159 shares in the company, valued at approximately $1,765,304.56. The trade was a 7.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.00% of the company's stock.

Wall Street Analysts Forecast Growth

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

PROS Trading Down 2.1 %

NYSE PRO traded down $0.34 on Monday, hitting $15.73. 411,730 shares of the company were exchanged, compared to its average volume of 517,097. The company has a market cap of $751.85 million, a PE ratio of -35.75 and a beta of 1.04. The stock has a fifty day moving average of $21.11 and a 200-day moving average of $21.87. PROS Holdings, Inc. has a 12 month low of $14.81 and a 12 month high of $34.71.

PROS (NYSE:PRO - Get Free Report) last posted 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). On average, analysts expect that PROS Holdings, Inc. will post -0.2 earnings per share for the current year.

PROS 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.