Tensile Capital Management LP Sells 155,688 Shares of PROS Holdings, Inc. (NYSE:PRO)

Tensile Capital Management LP reduced its position in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) by 13.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,005,613 shares of the software maker's stock after selling 155,688 shares during the period. PROS comprises 2.3% of Tensile Capital Management LP's portfolio, making the stock its 16th largest position. Tensile Capital Management LP owned 2.13% of PROS worth $22,083,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Barclays PLC raised its position in shares of PROS by 345.4% during the 3rd quarter. Barclays PLC now owns 238,382 shares of the software maker's stock worth $4,415,000 after purchasing an additional 184,856 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in shares of PROS by 28.3% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 14,289 shares of the software maker's stock valued at $314,000 after purchasing an additional 3,148 shares during the period. Stephens Inc. AR lifted its position in PROS by 14.1% in the fourth quarter. Stephens Inc. AR now owns 12,616 shares of the software maker's stock worth $277,000 after purchasing an additional 1,556 shares during the period. Rice Hall James & Associates LLC lifted its position in PROS by 18.5% in the fourth quarter. Rice Hall James & Associates LLC now owns 263,193 shares of the software maker's stock worth $5,780,000 after purchasing an additional 41,111 shares during the period. Finally, Y Intercept Hong Kong Ltd grew its stake in shares of PROS by 6.0% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 39,706 shares of the software maker's stock worth $872,000 after purchasing an additional 2,254 shares during the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

PROS Stock Down 4.6%

Shares of PRO stock traded down $0.83 during trading on Wednesday, reaching $17.27. The company's stock had a trading volume of 443,922 shares, compared to its average volume of 542,919. The business has a fifty day moving average price of $17.84 and a 200-day moving average price of $21.59. PROS Holdings, Inc. has a one year low of $14.81 and a one year high of $32.87. The company has a market cap of $826.31 million, a price-to-earnings ratio of -39.25 and a beta of 1.06.

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, beating the consensus estimate of $0.12 by $0.01. The firm had revenue of $86.32 million during the quarter, compared to the consensus estimate of $85.69 million. During the same quarter in the prior year, the business posted $0.04 earnings per share. PROS's revenue for the quarter was up 7.0% compared to the same quarter last year. Research analysts anticipate that PROS Holdings, Inc. will post -0.2 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PRO. Needham & Company LLC reduced their target price on PROS from $30.00 to $25.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Stifel Nicolaus lowered their price objective on PROS from $30.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. KeyCorp lowered their price objective on PROS from $31.00 to $22.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Robert W. Baird cut their price target on shares of PROS from $30.00 to $27.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Finally, StockNews.com cut shares of PROS from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, May 7th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $29.13.

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.