Envestnet Asset Management Inc. Sells 51,644 Shares of PROS Holdings, Inc. (NYSE:PRO)

Envestnet Asset Management Inc. decreased its position in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) by 14.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 297,463 shares of the software maker's stock after selling 51,644 shares during the period. Envestnet Asset Management Inc. owned 0.63% of PROS worth $6,532,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PRO. Barclays PLC lifted its position in shares of PROS by 345.4% during 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 during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of PROS by 570.6% during the third quarter. JPMorgan Chase & Co. now owns 397,424 shares of the software maker's stock worth $7,360,000 after buying an additional 338,158 shares during the last quarter. US Bancorp DE lifted its holdings in shares of PROS by 11.1% during the fourth quarter. US Bancorp DE now owns 18,500 shares of the software maker's stock worth $406,000 after buying an additional 1,841 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of PROS by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 5,670,130 shares of the software maker's stock valued at $124,516,000 after acquiring an additional 172,997 shares during the period. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of PROS by 28.3% in the fourth 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 during the last quarter. 94.27% of the stock is currently owned by institutional investors.

PROS Trading Up 0.7 %

NYSE PRO traded up $0.13 during trading hours on Friday, reaching $17.53. 103,634 shares of the company's stock were exchanged, compared to its average volume of 519,802. The firm has a fifty day moving average of $20.26 and a 200-day moving average of $21.78. PROS Holdings, Inc. has a one year low of $14.81 and a one year high of $34.54. The stock has a market cap of $837.88 million, a PE ratio of -39.85 and a beta of 1.04.

PROS (NYSE:PRO - Get Free Report) last announced its earnings results on Thursday, February 6th. The software maker reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.15). As a group, research analysts forecast that PROS Holdings, Inc. will post -0.2 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on PRO shares. Robert W. Baird reduced their price target 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. Stifel Nicolaus increased their target price on shares of PROS from $26.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Needham & Company LLC restated a "buy" rating and set a $30.00 price target on shares of PROS in a research note on Friday, February 7th. KeyCorp upped their price target on PROS from $28.00 to $31.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Finally, Oppenheimer lowered PROS from an "outperform" rating to a "market perform" rating in a report on Thursday, January 16th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, PROS has an average rating of "Moderate Buy" and a consensus price target of $31.63.

Insiders Place Their Bets

In other news, CAO Scott William Cook sold 5,000 shares of PROS stock in a transaction on Friday, February 7th. The stock was sold at an average price of $29.84, for a total value of $149,200.00. Following the completion of the sale, the chief accounting officer now directly owns 59,159 shares of the company's stock, valued at approximately $1,765,304.56. This trade represents a 7.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.00% of the company's stock.

PROS Company 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.