Brown Advisory Inc. Sells 230,311 Shares of PROS Holdings, Inc. (NYSE:PRO)

Brown Advisory Inc. cut its holdings in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) by 9.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,186,692 shares of the software maker's stock after selling 230,311 shares during the period. Brown Advisory Inc. owned approximately 4.57% of PROS worth $41,613,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PRO. GAMMA Investing LLC increased its holdings in PROS by 2,716.9% during the 1st quarter. GAMMA Investing LLC now owns 2,169 shares of the software maker's stock worth $41,000 after purchasing an additional 2,092 shares in the last quarter. US Bancorp DE raised its position in PROS by 11.1% in the 4th quarter. US Bancorp DE now owns 18,500 shares of the software maker's stock valued at $406,000 after buying an additional 1,841 shares during the last quarter. Vanguard Group Inc. lifted its stake in PROS by 3.1% in the 4th 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 in the last quarter. MetLife Investment Management LLC grew its stake in shares of PROS by 5.4% during 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. Finally, Comerica Bank grew its stake in shares of PROS by 264.5% during the 4th quarter. Comerica Bank now owns 1,571 shares of the software maker's stock worth $34,000 after acquiring an additional 1,140 shares in the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on PRO. Needham & Company LLC reissued a "buy" rating and set a $25.00 price target on shares of PROS in a research report on Thursday, June 12th. Baird R W lowered PROS from a "strong-buy" rating to a "hold" rating in a report on Monday, June 16th. Robert W. Baird downgraded PROS from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $27.00 to $18.00 in a research note on Monday, June 16th. Stifel Nicolaus dropped their price objective on PROS from $24.00 to $20.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, Northland Securities set a $38.00 target price on shares of PROS in a research note on Wednesday, May 28th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, PROS presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.50.

PROS Trading Up 0.1%

NYSE PRO traded up $0.02 during trading on Wednesday, reaching $16.53. The company's stock had a trading volume of 511,490 shares, compared to its average volume of 614,030. The firm has a market capitalization of $790.96 million, a price-to-earnings ratio of -59.03 and a beta of 0.98. The firm has a 50 day moving average price of $16.94 and a 200 day moving average price of $20.02. PROS Holdings, Inc. has a 12 month low of $13.61 and a 12 month high of $29.84.

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 for the quarter, topping analysts' consensus estimates 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. During the same period last year, the company posted $0.04 EPS. The business's revenue was up 7.0% on a year-over-year basis. On average, equities analysts forecast that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal year.

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.