Alyeska Investment Group L.P. Buys 1,345,256 Shares of PROS Holdings, Inc. (NYSE:PRO)

Alyeska Investment Group L.P. increased its position in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) by 334.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,748,055 shares of the software maker's stock after acquiring an additional 1,345,256 shares during the period. Alyeska Investment Group L.P. owned approximately 3.69% of PROS worth $38,387,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PRO. Barclays PLC raised its holdings in shares of PROS by 345.4% in the 3rd quarter. Barclays PLC now owns 238,382 shares of the software maker's stock worth $4,415,000 after purchasing an additional 184,856 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of PROS by 570.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 397,424 shares of the software maker's stock valued at $7,360,000 after acquiring an additional 338,158 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted 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 acquiring an additional 3,148 shares in the last quarter. Stephens Inc. AR grew its holdings in shares of PROS by 14.1% in the 4th quarter. Stephens Inc. AR now owns 12,616 shares of the software maker's stock worth $277,000 after acquiring an additional 1,556 shares during the last quarter. Finally, Rice Hall James & Associates LLC raised its position in shares of PROS by 18.5% during the fourth quarter. Rice Hall James & Associates LLC now owns 263,193 shares of the software maker's stock worth $5,780,000 after purchasing an additional 41,111 shares during the period. 94.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Robert W. Baird reduced their price objective on shares of PROS from $30.00 to $27.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Needham & Company LLC reduced their target price on PROS from $30.00 to $25.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Oppenheimer downgraded PROS from an "outperform" rating to a "market perform" rating in a report on Thursday, January 16th. KeyCorp reduced their price objective on PROS from $31.00 to $22.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Finally, Stifel Nicolaus lowered their target price on PROS from $30.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $29.13.

PROS Trading Down 0.4 %

NYSE PRO traded down $0.06 during trading on Friday, reaching $16.81. The company's stock had a trading volume of 119,476 shares, compared to its average volume of 533,691. The stock has a market capitalization of $804.39 million, a PE ratio of -38.20 and a beta of 1.06. PROS Holdings, Inc. has a 1-year low of $14.81 and a 1-year high of $32.87. The business has a 50-day moving average price of $18.59 and a 200-day moving average price of $21.66.

PROS (NYSE:PRO - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The software maker reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. The company had revenue of $86.32 million during the quarter, compared to the consensus estimate of $85.69 million. During the same period in the previous year, the business posted $0.04 earnings per share. The firm's revenue was up 7.0% on a year-over-year basis. As a group, 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.