Aigen Investment Management LP Purchases Shares of 11,497 PROS Holdings, Inc. (NYSE:PRO)

Aigen Investment Management LP acquired a new position in shares of PROS Holdings, Inc. (NYSE:PRO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,497 shares of the software maker’s stock, valued at approximately $252,000.

Other institutional investors have also recently modified their holdings of the company. Intech Investment Management LLC purchased a new stake in shares of PROS in the third quarter valued at $204,000. Oppenheimer Asset Management Inc. boosted its stake in PROS by 29.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 11,917 shares of the software maker’s stock worth $221,000 after buying an additional 2,700 shares during the last quarter. Quadrature Capital Ltd lifted its holdings in shares of PROS by 19.3% during the 3rd quarter. Quadrature Capital Ltd now owns 12,589 shares of the software maker’s stock worth $233,000 after acquiring an additional 2,034 shares during the period. Creative Planning purchased a new position in PROS during the third quarter worth approximately $249,000. Finally, Paloma Partners Management Co purchased a new position in shares of PROS in the 3rd quarter worth $252,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PRO. Stifel Nicolaus raised their target price on shares of PROS from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, February 7th. KeyCorp upped their price target on PROS from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Needham & Company LLC reiterated a “buy” rating and set a $30.00 price objective on shares of PROS in a research note on Friday, February 7th. StockNews.com upgraded shares of PROS from a “hold” rating to a “buy” rating in a research note on Saturday, November 16th. Finally, Oppenheimer downgraded shares of PROS from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 16th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

Insiders Place Their Bets

In other PROS news, CAO Scott William Cook sold 5,000 shares of PROS stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $29.84, for a total value of $149,200.00. Following the completion of the transaction, the chief accounting officer now directly owns 59,159 shares in the company, valued at $1,765,304.56. The trade was a 7.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.70% of the stock is currently owned by corporate insiders.

PROS Stock Performance

Shares of PROS stock opened at $22.83 on Monday. PROS Holdings, Inc. has a 1 year low of $16.64 and a 1 year high of $38.71. The firm’s 50-day simple moving average is $24.11 and its 200-day simple moving average is $21.84. The firm has a market cap of $1.09 billion, a PE ratio of -51.88 and a beta of 1.14.

PROS (NYSE:PRO) last released its earnings results on Thursday, February 6th. The software maker reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.15). On average, equities analysts predict that PROS Holdings, Inc. will post -0.2 earnings per share for the current 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.