D. E. Shaw & Co. Inc. Has $12.09 Million Holdings in PROS Holdings, Inc. (NYSE:PRO)

D. E. Shaw & Co. Inc. lowered its position in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 97.1% during the fourth quarter, according to its most recent filing with the SEC. The firm 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 1.16% of PROS worth $12,093,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ancora Advisors LLC bought a new stake in shares of PROS in the 4th quarter valued at $33,000. Quadrant Capital Group LLC grew its holdings in 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 purchasing an additional 926 shares during the period. Comerica Bank increased its stake in PROS by 264.5% in the fourth 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 raised its holdings in shares of PROS by 587.6% during the fourth 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 period. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of PROS in the 4th quarter valued at about $156,000. Institutional investors and hedge funds own 94.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PRO. Robert W. Baird reduced their price objective on PROS from $30.00 to $27.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. KeyCorp cut their target price on PROS from $31.00 to $22.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. StockNews.com lowered shares of PROS from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, May 7th. Oppenheimer lowered shares of PROS from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 16th. Finally, Stifel Nicolaus reduced their price objective 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. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $29.13.

PROS Stock Up 2.0%

NYSE:PRO opened at $18.61 on Wednesday. The stock has a market cap of $890.53 million, a P/E ratio of -42.30 and a beta of 1.06. The business's 50-day moving average price is $18.21 and its two-hundred day moving average price is $21.68. 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 issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $85.69 million. The company's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $0.04 EPS. On average, equities research analysts expect that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal 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.

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