Royce & Associates LP Has $2.81 Million Stock Holdings in PROS Holdings, Inc. (NYSE:PRO)

Royce & Associates LP grew its position in PROS Holdings, Inc. (NYSE:PRO) by 174.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 128,164 shares of the software maker’s stock after purchasing an additional 81,500 shares during the period. Royce & Associates LP owned about 0.27% of PROS worth $2,814,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in PRO. BNP Paribas Financial Markets lifted its position in PROS by 570.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 266,132 shares of the software maker’s stock worth $4,929,000 after buying an additional 226,443 shares in the last quarter. Barclays PLC lifted its position in PROS by 345.4% during the 3rd quarter. Barclays PLC now owns 238,382 shares of the software maker’s stock worth $4,415,000 after buying an additional 184,856 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in PROS by 3,489.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 268,362 shares of the software maker’s stock worth $4,970,000 after buying an additional 260,886 shares in the last quarter. Point72 Asset Management L.P. lifted its position in PROS by 262.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 31,638 shares of the software maker’s stock worth $586,000 after buying an additional 22,903 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in PROS during the 3rd quarter worth about $17,921,000. Institutional investors and hedge funds own 94.27% of the company’s stock.

Insider Activity at PROS

In related news, CAO Scott William Cook sold 5,000 shares of the stock in a transaction 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 sale, the chief accounting officer now owns 59,159 shares in the company, valued at approximately $1,765,304.56. This represents a 7.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is owned by company insiders.

PROS Trading Down 1.4 %

NYSE PRO opened at $20.68 on Friday. The company has a market cap of $983.90 million, a PE ratio of -47.01 and a beta of 1.14. PROS Holdings, Inc. has a 12 month low of $16.64 and a 12 month high of $38.71. The stock has a 50 day moving average of $23.94 and a 200-day moving average of $21.91.

PROS (NYSE:PRO) last posted its quarterly earnings results on Thursday, February 6th. The software maker reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.15). As a group, sell-side analysts predict that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. KeyCorp boosted their price objective on PROS from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Robert W. Baird boosted their price objective on PROS from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Needham & Company LLC reissued a “buy” rating and set a $30.00 price objective on shares of PROS in a report on Friday, February 7th. Oppenheimer cut PROS from an “outperform” rating to a “market perform” rating in a report on Thursday, January 16th. Finally, Stifel Nicolaus boosted their price objective on PROS from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

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.