Jacobs Levy Equity Management Inc. Sells 35,034 Shares of PROS Holdings, Inc. (NYSE:PRO)

Jacobs Levy Equity Management Inc. reduced its holdings in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 932,639 shares of the software maker's stock after selling 35,034 shares during the quarter. Jacobs Levy Equity Management Inc. owned 1.97% of PROS worth $20,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of PROS by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 5,670,130 shares of the software maker's stock valued at $124,516,000 after purchasing an additional 172,997 shares in the last quarter. 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 valued at $38,387,000 after purchasing an additional 1,345,256 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of PROS by 21.5% during the fourth quarter. Deutsche Bank AG now owns 791,707 shares of the software maker's stock valued at $17,386,000 after purchasing an additional 140,210 shares in the last quarter. Northern Trust Corp increased its position in PROS by 7.9% during the fourth quarter. Northern Trust Corp now owns 448,234 shares of the software maker's stock valued at $9,843,000 after acquiring an additional 32,980 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in PROS by 22.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 440,467 shares of the software maker's stock valued at $9,673,000 after acquiring an additional 80,924 shares during the last quarter. 94.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

PROS Stock Down 1.2%

PROS stock traded down $0.22 during midday trading on Friday, reaching $18.44. 534,546 shares of the stock traded hands, compared to its average volume of 542,476. The stock's fifty day moving average is $18.01 and its 200-day moving average is $21.67. PROS Holdings, Inc. has a 12 month low of $14.81 and a 12 month high of $32.87. The stock has a market cap of $882.15 million, a P/E ratio of -41.90 and a beta of 1.06.

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