BNP Paribas Financial Markets Sells 155,594 Shares of PROS Holdings, Inc. (NYSE:PRO)

BNP Paribas Financial Markets reduced its position in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 58.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 110,538 shares of the software maker's stock after selling 155,594 shares during the quarter. BNP Paribas Financial Markets owned about 0.23% of PROS worth $2,427,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Ancora Advisors LLC acquired a new stake in shares of PROS during the 4th quarter worth approximately $33,000. Quadrant Capital Group LLC boosted its holdings in shares of PROS by 153.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker's stock valued at $34,000 after purchasing an additional 926 shares in the last quarter. Comerica Bank boosted its holdings in shares of PROS by 264.5% in the 4th quarter. Comerica Bank now owns 1,571 shares of the software maker's stock valued at $34,000 after purchasing an additional 1,140 shares in the last quarter. Quarry LP increased its stake in shares of PROS by 587.6% in the 4th quarter. Quarry LP now owns 5,803 shares of the software maker's stock valued at $127,000 after purchasing an additional 4,959 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of PROS during the 4th quarter worth $156,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on PRO shares. Needham & Company LLC reduced their price objective 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 dropped their target price on shares of PROS from $31.00 to $22.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Stifel Nicolaus reduced their price target on shares of PROS from $30.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Robert W. Baird lowered their price objective on shares of PROS from $30.00 to $27.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Finally, StockNews.com downgraded shares of PROS from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, May 7th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $29.13.

PROS Stock Performance

Shares of PROS stock traded up $0.04 on Thursday, hitting $17.28. The stock had a trading volume of 16,530 shares, compared to its average volume of 540,834. The stock has a 50 day moving average of $17.84 and a 200 day moving average of $21.59. The firm has a market capitalization of $826.88 million, a P/E ratio of -39.31 and a beta of 1.06. PROS Holdings, Inc. has a twelve month low of $14.81 and a twelve month high of $32.87.

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