PROS Holdings, Inc. (NYSE:PRO) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. cut its holdings in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 97.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 550,666 shares of the software maker's stock after selling 18,531,217 shares during the period. D. E. Shaw & Co. Inc. owned about 1.16% of PROS worth $12,093,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PRO. Quadrant Capital Group LLC raised its holdings in shares of PROS by 153.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker's stock worth $34,000 after buying an additional 926 shares during the period. Franklin Resources Inc. grew its holdings in shares of PROS by 3.3% in the fourth quarter. Franklin Resources Inc. now owns 33,852 shares of the software maker's stock worth $743,000 after purchasing an additional 1,080 shares during the last quarter. Comerica Bank increased its stake in PROS by 264.5% in the 4th quarter. Comerica Bank now owns 1,571 shares of the software maker's stock worth $34,000 after buying an additional 1,140 shares during the period. Swiss National Bank lifted its holdings in PROS by 1.7% during the 4th quarter. Swiss National Bank now owns 78,900 shares of the software maker's stock valued at $1,733,000 after buying an additional 1,300 shares in the last quarter. Finally, MetLife Investment Management LLC grew its stake in PROS by 5.4% in the 4th quarter. MetLife Investment Management LLC now owns 27,978 shares of the software maker's stock worth $614,000 after acquiring an additional 1,438 shares in the last quarter. Institutional investors own 94.27% of the company's stock.

PROS Stock Performance

NYSE:PRO traded down $0.31 during mid-day trading on Monday, hitting $18.13. 31,396 shares of the company's stock traded hands, compared to its average volume of 540,469. PROS Holdings, Inc. has a twelve month low of $14.81 and a twelve month high of $32.87. The company has a market capitalization of $867.32 million, a P/E ratio of -41.19 and a beta of 1.06. The company has a fifty day moving average of $18.01 and a 200 day moving average of $21.67.

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 (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. The firm had revenue of $86.32 million during the quarter, compared to analysts' expectations of $85.69 million. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.04 earnings per share. On average, research analysts expect that PROS Holdings, Inc. will post -0.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PRO. Needham & Company LLC dropped 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. Stifel Nicolaus reduced their price target 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. KeyCorp dropped their price objective on shares of PROS from $31.00 to $22.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. 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. Finally, StockNews.com cut PROS from a "strong-buy" rating to a "buy" rating in a research report 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, the stock presently has an average rating of "Moderate Buy" and an average 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.