Needham Investment Management LLC Acquires Shares of 80,000 PROS Holdings, Inc. (NYSE:PRO)

Needham Investment Management LLC acquired a new position in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 80,000 shares of the software maker's stock, valued at approximately $1,757,000. Needham Investment Management LLC owned about 0.17% of PROS at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in 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 acquiring an additional 172,997 shares during the last quarter. Alyeska Investment Group L.P. boosted its position 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 buying an additional 1,345,256 shares during the period. Deutsche Bank AG grew its stake 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 buying an additional 140,210 shares during the last quarter. Northern Trust Corp raised its holdings in shares of PROS by 7.9% in the fourth quarter. Northern Trust Corp now owns 448,234 shares of the software maker's stock worth $9,843,000 after buying an additional 32,980 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in PROS by 22.5% during the 4th 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 period. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

PROS Stock Down 0.9%

Shares of NYSE:PRO traded down $0.17 during trading on Thursday, hitting $18.64. The stock had a trading volume of 550,209 shares, compared to its average volume of 540,487. The stock has a 50-day simple moving average of $18.06 and a two-hundred day simple moving average of $21.66. The stock has a market capitalization of $891.96 million, a price-to-earnings ratio of -42.36 and a beta of 1.06. PROS Holdings, Inc. has a 12-month low of $14.81 and a 12-month high of $32.87.

PROS (NYSE:PRO - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The software maker reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. The business had revenue of $86.32 million during the quarter, compared to analyst estimates of $85.69 million. The firm's revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.04 EPS. As a group, sell-side analysts forecast that PROS Holdings, Inc. will post -0.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PRO has been the subject of a number of recent analyst reports. KeyCorp lowered their target price on shares of PROS from $31.00 to $22.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. StockNews.com lowered shares of PROS from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, May 7th. Oppenheimer lowered PROS from an "outperform" rating to a "market perform" rating in a report on Thursday, January 16th. Stifel Nicolaus reduced their price objective 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 dropped their price target on PROS from $30.00 to $27.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus 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.