Point72 Asset Management L.P. Cuts Position in PROS Holdings, Inc. (NYSE:PRO)

Point72 Asset Management L.P. reduced its position in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 48.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,400 shares of the software maker's stock after selling 15,238 shares during the period. Point72 Asset Management L.P.'s holdings in PROS were worth $360,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of PRO. Alyeska Investment Group L.P. raised its holdings in shares of PROS by 334.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,748,055 shares of the software maker's stock worth $38,387,000 after buying an additional 1,345,256 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of PROS by 340.3% in the 4th 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 last quarter. Raymond James Financial Inc. bought a new position in shares of PROS in the 4th quarter worth $6,447,000. Barclays PLC lifted its holdings in PROS by 345.4% during the third quarter. Barclays PLC now owns 238,382 shares of the software maker's stock worth $4,415,000 after acquiring an additional 184,856 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in PROS by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 5,670,130 shares of the software maker's stock worth $124,516,000 after acquiring an additional 172,997 shares in the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wall Street Zen downgraded PROS from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, May 7th. Needham & Company LLC decreased their target price on PROS from $30.00 to $25.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Robert W. Baird decreased their target price on PROS from $30.00 to $27.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Stifel Nicolaus cut their price target on PROS from $30.00 to $24.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, KeyCorp cut their price target on PROS from $31.00 to $22.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, PROS currently has an average rating of "Moderate Buy" and a consensus price target of $29.13.

PROS Stock Up 2.4%

PRO stock traded up $0.40 during mid-day trading on Tuesday, reaching $17.24. 415,757 shares of the company traded hands, compared to its average volume of 543,285. The stock has a market cap of $824.87 million, a price-to-earnings ratio of -39.18 and a beta of 1.06. PROS Holdings, Inc. has a fifty-two week low of $14.81 and a fifty-two week high of $32.87. The firm's 50 day moving average price is $17.61 and its 200 day moving average price is $21.47.

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