Jacobs Levy Equity Management Inc. Has $20.48 Million Stock Holdings in PROS Holdings, Inc. (NYSE:PRO)

Jacobs Levy Equity Management Inc. lessened its holdings in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) by 3.6% during the 4th quarter, according to its most recent filing 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 period. Jacobs Levy Equity Management Inc. owned approximately 1.97% of PROS worth $20,481,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of PRO. Barclays PLC raised its holdings in shares of 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 during the period. JPMorgan Chase & Co. lifted its holdings in shares of PROS by 570.6% in the third quarter. JPMorgan Chase & Co. now owns 397,424 shares of the software maker's stock valued at $7,360,000 after purchasing an additional 338,158 shares in the last quarter. US Bancorp DE boosted its position in shares of PROS by 11.1% during the fourth quarter. US Bancorp DE now owns 18,500 shares of the software maker's stock worth $406,000 after buying an additional 1,841 shares during the period. Vanguard Group Inc. grew 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 worth $124,516,000 after buying an additional 172,997 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its position in PROS by 28.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 14,289 shares of the software maker's stock valued at $314,000 after buying an additional 3,148 shares during the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.

PROS Trading Down 1.2%

Shares of NYSE:PRO traded down $0.22 on Friday, reaching $18.44. 534,546 shares of the company's stock were exchanged, compared to its average volume of 540,463. PROS Holdings, Inc. has a twelve month low of $14.81 and a twelve month high of $32.87. The company has a fifty day moving average of $18.06 and a 200-day moving average of $21.66. The company has a market capitalization of $882.15 million, a price-to-earnings ratio of -41.90 and a beta of 1.06.

PROS (NYSE:PRO - Get Free Report) last posted 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 company 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 quarter last year, the business earned $0.04 EPS. As a group, equities research analysts forecast that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PRO has been the topic of a number of recent research reports. KeyCorp lowered their price objective on shares of PROS from $31.00 to $22.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Oppenheimer cut shares of PROS from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 16th. Needham & Company LLC decreased their price objective 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 dropped their target price on PROS from $30.00 to $24.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, Robert W. Baird decreased their price target on PROS from $30.00 to $27.00 and set an "outperform" rating for the company in a research note 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.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $29.13.

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.