Millennium Management LLC Sells 277,565 Shares of PROS Holdings, Inc. (NYSE:PRO)

Millennium Management LLC trimmed its stake in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) by 50.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 272,355 shares of the software maker's stock after selling 277,565 shares during the quarter. Millennium Management LLC owned approximately 0.58% of PROS worth $5,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Ancora Advisors LLC purchased a new position in shares of PROS in the fourth quarter worth $33,000. Quadrant Capital Group LLC grew its stake 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 purchasing an additional 926 shares during the last quarter. Comerica Bank increased its holdings in PROS by 264.5% during the 4th 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 during the period. Quarry LP raised its position in PROS by 587.6% during the 4th 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 last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of PROS during the fourth quarter valued at approximately $156,000. 94.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PRO has been the topic of several recent analyst reports. Stifel Nicolaus cut their price target on shares of PROS from $30.00 to $24.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Wall Street Zen lowered shares of PROS from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, May 7th. Needham & Company LLC decreased their price target on shares of PROS from $30.00 to $25.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Robert W. Baird cut their price objective on PROS from $30.00 to $27.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Finally, Northland Securities set a $38.00 target price on PROS in a research report on Wednesday. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $29.13.

PROS Trading Down 2.2%

PROS stock traded down $0.39 during mid-day trading on Friday, hitting $17.62. The company had a trading volume of 730,604 shares, compared to its average volume of 544,662. PROS Holdings, Inc. has a 12 month low of $14.81 and a 12 month high of $30.67. The company has a market capitalization of $843.15 million, a PE ratio of -40.05 and a beta of 1.06. The stock's 50 day moving average price is $17.42 and its two-hundred day moving average price is $21.39.

PROS (NYSE:PRO - Get Free Report) last posted its earnings results on Thursday, May 1st. The software maker reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. The company had revenue of $86.32 million during the quarter, compared to the consensus estimate of $85.69 million. During the same period last year, the firm posted $0.04 EPS. The company's revenue for the quarter was up 7.0% on a year-over-year basis. Equities research analysts anticipate that PROS Holdings, Inc. will post -0.2 EPS for the current 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.