Bayesian Capital Management LP Invests $444,000 in PROS Holdings, Inc. (NYSE:PRO)

Bayesian Capital Management LP bought a new stake in PROS Holdings, Inc. (NYSE:PRO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 20,234 shares of the software maker's stock, valued at approximately $444,000.

A number of other institutional investors have also modified their holdings of the stock. Barclays PLC raised its position in PROS by 345.4% during the 3rd quarter. Barclays PLC now owns 238,382 shares of the software maker's stock worth $4,415,000 after buying an additional 184,856 shares during the last quarter. JPMorgan Chase & Co. lifted its position in PROS by 570.6% in 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 during the period. US Bancorp DE boosted its holdings in PROS by 11.1% in the 4th quarter. US Bancorp DE now owns 18,500 shares of the software maker's stock valued at $406,000 after purchasing an additional 1,841 shares in the last quarter. Vanguard Group Inc. increased its position in 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 during the period. Finally, Hennion & Walsh Asset Management Inc. raised its stake in shares of PROS by 28.3% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 94.27% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on PRO. StockNews.com cut PROS from a "strong-buy" rating to a "buy" rating in a research report on Wednesday. Stifel Nicolaus dropped their target price on shares of PROS from $30.00 to $24.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Needham & Company LLC decreased their price target on PROS from $30.00 to $25.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. KeyCorp reduced their price objective on PROS from $31.00 to $22.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Finally, Oppenheimer cut PROS from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 16th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $29.13.

PROS Price Performance

Shares of NYSE:PRO traded up $0.05 during midday trading on Friday, reaching $16.92. The company had a trading volume of 391,503 shares, compared to its average volume of 536,812. PROS Holdings, Inc. has a one year low of $14.81 and a one year high of $32.87. The stock has a market capitalization of $809.66 million, a P/E ratio of -38.45 and a beta of 1.06. The stock's fifty day moving average price is $18.46 and its 200-day moving average price is $21.68.

PROS (NYSE:PRO - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The software maker reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. The firm had revenue of $86.32 million during the quarter, compared to the consensus estimate of $85.69 million. The firm's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.04 earnings per share. As a group, sell-side analysts forecast that PROS Holdings, Inc. will post -0.2 earnings per share for the current 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.