Point72 Asset Management L.P. Sells 15,238 Shares of PROS Holdings, Inc. (NYSE:PRO)

Point72 Asset Management L.P. cut its position in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 48.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,400 shares of the software maker's stock after selling 15,238 shares during the quarter. Point72 Asset Management L.P.'s holdings in PROS were worth $360,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ancora Advisors LLC acquired a new position in PROS in the 4th quarter valued at $33,000. Quadrant Capital Group LLC grew its stake in PROS by 153.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker's stock valued at $34,000 after buying an additional 926 shares during the last quarter. Comerica Bank grew its stake in PROS by 264.5% in the 4th quarter. Comerica Bank now owns 1,571 shares of the software maker's stock valued at $34,000 after buying an additional 1,140 shares during the last quarter. Quarry LP grew its stake in PROS by 587.6% in the 4th quarter. Quarry LP now owns 5,803 shares of the software maker's stock valued at $127,000 after buying an additional 4,959 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in PROS in the 4th quarter valued at $130,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

PROS Stock Performance

Shares of NYSE:PRO traded down $0.16 during midday trading on Thursday, reaching $17.88. 43,702 shares of the company's stock were exchanged, compared to its average volume of 541,728. The company's 50 day simple moving average is $17.49 and its two-hundred day simple moving average is $21.42. The firm has a market capitalization of $855.59 million, a PE ratio of -40.65 and a beta of 1.06. PROS Holdings, Inc. has a 12 month low of $14.81 and a 12 month high of $31.70.

PROS (NYSE:PRO - Get Free Report) last released its quarterly earnings data 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 business had revenue of $86.32 million for the quarter, compared to the consensus estimate of $85.69 million. PROS's revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.04 earnings per share. On average, research analysts anticipate that PROS Holdings, Inc. will post -0.2 earnings per share 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.