Cubist Systematic Strategies LLC Sells 283,749 Shares of PROS Holdings, Inc. (NYSE:PRO)

Cubist Systematic Strategies LLC reduced its position in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 53.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 250,865 shares of the software maker's stock after selling 283,749 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.53% of PROS worth $5,509,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Captrust Financial Advisors acquired a new position in PROS in the fourth quarter valued at approximately $229,000. Balyasny Asset Management L.P. lifted its position in shares of PROS by 54.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 225,056 shares of the software maker's stock valued at $4,942,000 after acquiring an additional 79,280 shares during the period. Bayesian Capital Management LP bought a new position in PROS during the fourth quarter worth $444,000. Alyeska Investment Group L.P. grew its holdings in PROS by 334.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,748,055 shares of the software maker's stock worth $38,387,000 after purchasing an additional 1,345,256 shares during the period. Finally, Ancora Advisors LLC bought a new stake in PROS in the fourth quarter valued at $33,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

PROS Stock Performance

PROS stock traded up $1.36 during midday trading on Monday, hitting $18.27. 727,403 shares of the company's stock were exchanged, compared to its average volume of 537,574. The stock has a 50-day moving average price of $18.46 and a two-hundred day moving average price of $21.70. PROS Holdings, Inc. has a 52-week low of $14.81 and a 52-week high of $32.87. The company has a market cap of $874.26 million, a P/E ratio of -41.52 and a beta of 1.06.

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

Analyst Ratings Changes

A number of analysts recently commented on the company. Stifel Nicolaus decreased their target price on PROS from $30.00 to $24.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. StockNews.com cut PROS from a "strong-buy" rating to a "buy" rating in a report on Wednesday, May 7th. Oppenheimer downgraded shares of PROS from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 16th. KeyCorp lowered their price objective on shares of PROS from $31.00 to $22.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Finally, 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 report on Tuesday, April 8th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.13.

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.