PROS Holdings, Inc. (NYSE:PRO) Shares Purchased by State Street Corp

State Street Corp grew its position in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 2.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,167,706 shares of the software maker's stock after buying an additional 33,176 shares during the period. State Street Corp owned approximately 2.47% of PROS worth $21,626,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its holdings in PROS by 570.5% in the third quarter. BNP Paribas Financial Markets now owns 266,132 shares of the software maker's stock valued at $4,929,000 after acquiring an additional 226,443 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in PROS by 3,489.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 268,362 shares of the software maker's stock worth $4,970,000 after acquiring an additional 260,886 shares during the period. RGM Capital LLC increased its stake in shares of PROS by 5.9% in the 2nd quarter. RGM Capital LLC now owns 2,978,677 shares of the software maker's stock worth $85,339,000 after purchasing an additional 166,301 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in PROS by 262.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 31,638 shares of the software maker's stock worth $586,000 after purchasing an additional 22,903 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new position in PROS during the third quarter valued at $17,921,000. Hedge funds and other institutional investors own 94.27% of the company's stock.

PROS Stock Performance

NYSE PRO traded up $0.04 on Tuesday, reaching $22.55. 110,242 shares of the company's stock traded hands, compared to its average volume of 472,153. The stock has a 50 day moving average price of $22.13 and a 200-day moving average price of $22.08. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of -36.37 and a beta of 1.20. PROS Holdings, Inc. has a fifty-two week low of $16.64 and a fifty-two week high of $40.10.

PROS (NYSE:PRO - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. The company had revenue of $82.70 million during the quarter, compared to analysts' expectations of $82.32 million. During the same quarter in the prior year, the company posted ($0.17) EPS. The company's revenue for the quarter was up 7.1% on a year-over-year basis. As a group, equities research analysts anticipate that PROS Holdings, Inc. will post -0.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on PRO shares. KeyCorp decreased their price objective on shares of PROS from $36.00 to $28.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. Oppenheimer lowered their price target on PROS from $31.00 to $27.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Bank of America decreased their price target on shares of PROS from $43.00 to $39.00 and set a "buy" rating on the stock in a research note on Tuesday, August 27th. Northland Securities restated an "outperform" rating and set a $38.00 price target (down previously from $40.00) on shares of PROS in a report on Wednesday, October 30th. Finally, Craig Hallum upgraded shares of PROS from a "hold" rating to a "buy" rating and set a $31.00 price target on the stock in a report on Wednesday, October 30th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, PROS currently has an average rating of "Buy" and a consensus target price 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.