Nuveen LLC Makes New $23.89 Million Investment in PROS Holdings, Inc. $PRO

Key Points

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Nuveen LLC acquired a new position in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,255,554 shares of the software maker's stock, valued at approximately $23,893,000. Nuveen LLC owned about 2.62% of PROS as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in PRO. Alyeska Investment Group L.P. lifted its holdings in shares of 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. Nuveen Asset Management LLC lifted its holdings in shares of PROS by 340.3% during the fourth quarter. Nuveen Asset Management LLC now owns 1,383,315 shares of the software maker's stock worth $30,378,000 after purchasing an additional 1,069,141 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of PROS during the fourth quarter worth $6,447,000. Vanguard Group Inc. lifted its holdings in shares of PROS by 3.1% during the first quarter. Vanguard Group Inc. now owns 5,847,056 shares of the software maker's stock worth $111,269,000 after purchasing an additional 176,926 shares during the period. Finally, Royce & Associates LP lifted its holdings in shares of PROS by 131.0% during the first quarter. Royce & Associates LP now owns 296,114 shares of the software maker's stock worth $5,635,000 after purchasing an additional 167,950 shares during the period. Hedge funds and other institutional investors own 94.27% of the company's stock.

Analyst Ratings Changes

PRO has been the subject of several recent research reports. Robert W. Baird downgraded PROS from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $27.00 to $18.00 in a report on Monday, June 16th. Baird R W lowered PROS from a "strong-buy" rating to a "hold" rating in a report on Monday, June 16th. KeyCorp lowered their price objective on PROS from $31.00 to $22.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Stifel Nicolaus lowered their price objective on PROS from $24.00 to $20.00 and set a "buy" rating on the stock in a report on Tuesday, July 8th. Finally, Wall Street Zen raised PROS from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $27.50.

PROS Price Performance

Shares of NYSE:PRO opened at $15.07 on Tuesday. The business's 50 day simple moving average is $15.59 and its 200-day simple moving average is $18.52. The firm has a market capitalization of $724.78 million, a price-to-earnings ratio of -68.48 and a beta of 1.08. 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 announced its quarterly earnings results on Thursday, July 31st. The software maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.06 by $0.07. The firm had revenue of $88.72 million for the quarter, compared to analysts' expectations of $87.70 million. PROS's revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm earned $0.07 EPS. On average, equities analysts anticipate that PROS Holdings, Inc. will post -0.2 earnings per share for the current year.

About PROS

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.

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