Nuveen Asset Management LLC Has $30.38 Million Holdings in PROS Holdings, Inc. (NYSE:PRO)

Nuveen Asset Management LLC boosted its stake in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) by 340.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,383,315 shares of the software maker's stock after buying an additional 1,069,141 shares during the period. Nuveen Asset Management LLC owned approximately 2.92% of PROS worth $30,378,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake 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 buying an additional 172,997 shares in the last quarter. Alyeska Investment Group L.P. boosted its position in PROS by 334.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,748,055 shares of the software maker's stock worth $38,387,000 after purchasing an additional 1,345,256 shares during the period. Deutsche Bank AG boosted its position in PROS by 21.5% during the fourth quarter. Deutsche Bank AG now owns 791,707 shares of the software maker's stock worth $17,386,000 after purchasing an additional 140,210 shares during the period. Northern Trust Corp boosted its position in PROS by 7.9% during the fourth quarter. Northern Trust Corp now owns 448,234 shares of the software maker's stock worth $9,843,000 after purchasing an additional 32,980 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in PROS by 22.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 440,467 shares of the software maker's stock worth $9,673,000 after purchasing an additional 80,924 shares during the period. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PRO has been the subject of a number of research analyst reports. Robert W. Baird reduced their price objective on shares of PROS from $30.00 to $27.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. 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 research report on Friday, May 2nd. KeyCorp reduced their price objective 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 cut shares of PROS from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, May 7th. Finally, Needham & Company LLC reduced their price objective on shares of PROS from $30.00 to $25.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $29.13.

PROS Stock Up 2.4%

Shares of PROS stock traded up $0.40 during trading on Tuesday, reaching $17.24. The company's stock had a trading volume of 415,757 shares, compared to its average volume of 543,285. The business's 50-day moving average price is $17.54 and its 200-day moving average price is $21.44. The firm has a market cap of $824.87 million, a PE ratio of -39.18 and a beta of 1.06. PROS Holdings, Inc. has a 52 week low of $14.81 and a 52 week high of $32.87.

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