Teacher Retirement System of Texas Makes New Investment in PROS Holdings, Inc. (NYSE:PRO)

Teacher Retirement System of Texas acquired a new position in PROS Holdings, Inc. (NYSE:PRO - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 22,002 shares of the software maker's stock, valued at approximately $419,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Quadrant Capital Group LLC raised its position 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 buying an additional 926 shares in the last quarter. Franklin Resources Inc. raised its position in shares of PROS by 3.3% in the 4th quarter. Franklin Resources Inc. now owns 33,852 shares of the software maker's stock valued at $743,000 after buying an additional 1,080 shares in the last quarter. Comerica Bank raised its position 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 buying an additional 1,140 shares in the last quarter. Swiss National Bank raised its position in shares of PROS by 1.7% in 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, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of PROS in the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 94.27% of the company's stock.

PROS Price Performance

PRO stock traded up $0.12 during trading on Friday, reaching $15.71. 772,910 shares of the company were exchanged, compared to its average volume of 618,038. The company has a 50-day moving average of $16.81 and a two-hundred day moving average of $19.71. The company has a market capitalization of $751.72 million, a price-to-earnings ratio of -56.11 and a beta of 0.98. PROS Holdings, Inc. has a twelve month low of $13.61 and a twelve month high of $29.84.

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. During the same period in the previous year, the firm earned $0.04 earnings per share. The company's revenue was up 7.0% compared to the same quarter last year. On average, analysts forecast that PROS Holdings, Inc. will post -0.2 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on PRO shares. Needham & Company LLC restated a "buy" rating and issued a $25.00 target price on shares of PROS in a research report on Thursday, June 12th. 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 research report on Friday, May 2nd. Wall Street Zen raised PROS from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. Northland Securities set a $38.00 target price on PROS in a research note on Wednesday, May 28th. Finally, Robert W. Baird cut shares of PROS from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $27.00 to $18.00 in a research report on Monday, June 16th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $27.50.

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.