Two Sigma Investments LP Lowers Holdings in PROS Holdings, Inc. (NYSE:PRO)

Two Sigma Investments LP trimmed its position in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 57.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,986 shares of the software maker's stock after selling 32,075 shares during the period. Two Sigma Investments LP owned approximately 0.05% of PROS worth $527,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in PROS by 3.1% in the 4th 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 during the last quarter. Alyeska Investment Group L.P. grew its position in 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 valued at $38,387,000 after buying an additional 1,345,256 shares during the last quarter. Nuveen Asset Management LLC grew its position in PROS by 340.3% in the 4th quarter. Nuveen Asset Management LLC now owns 1,383,315 shares of the software maker's stock valued at $30,378,000 after buying an additional 1,069,141 shares during the last quarter. Deutsche Bank AG grew its position in PROS by 21.5% in the 4th quarter. Deutsche Bank AG now owns 791,707 shares of the software maker's stock valued at $17,386,000 after buying an additional 140,210 shares during the last quarter. Finally, Northern Trust Corp grew its position in PROS by 7.9% in the 4th quarter. Northern Trust Corp now owns 448,234 shares of the software maker's stock valued at $9,843,000 after buying an additional 32,980 shares during the last quarter. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

PROS Stock Up 4.3%

PROS stock opened at $19.19 on Monday. PROS Holdings, Inc. has a 52 week low of $14.81 and a 52 week high of $29.84. The firm's 50-day simple moving average is $17.21 and its 200 day simple moving average is $21.18. The firm has a market capitalization of $918.04 million, a PE ratio of -43.60 and a beta of 1.03.

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 the consensus estimate of $0.12 by $0.01. The business had revenue of $86.32 million during the quarter, compared to analysts' expectations of $85.69 million. During the same quarter in the prior year, the firm earned $0.04 earnings per share. PROS's quarterly revenue was up 7.0% on a year-over-year basis. On average, research analysts expect that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Robert W. Baird lowered their price objective on shares of PROS from $30.00 to $27.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Northland Securities set a $38.00 target price on shares of PROS in a research report on Wednesday, May 28th. Wall Street Zen lowered shares of 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 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, Stifel Nicolaus decreased their target price on shares of PROS from $30.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price 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.

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