PROS Holdings, Inc. (NYSE:PRO) Shares Acquired by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC increased its stake in shares of PROS Holdings, Inc. (NYSE:PRO) by 0.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,185,363 shares of the software maker’s stock after acquiring an additional 2,213 shares during the period. Stephens Investment Management Group LLC’s holdings in PROS were worth $26,031,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Jacobs Levy Equity Management Inc. purchased a new stake in PROS in the 3rd quarter worth approximately $17,921,000. Tensile Capital Management LP boosted its holdings in PROS by 373.4% during the third quarter. Tensile Capital Management LP now owns 1,161,301 shares of the software maker’s stock worth $21,507,000 after buying an additional 915,990 shares in the last quarter. Algert Global LLC purchased a new position in PROS in the third quarter valued at $6,713,000. JPMorgan Chase & Co. raised its position 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 worth $7,360,000 after acquiring an additional 338,158 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of PROS by 218.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 418,023 shares of the software maker’s stock valued at $7,742,000 after acquiring an additional 286,825 shares during the period. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PRO has been the subject of several research analyst reports. KeyCorp upped their target price on PROS from $28.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday. Craig Hallum raised PROS from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a report on Wednesday, October 30th. Northland Securities reaffirmed an “outperform” rating and issued a $38.00 price target (down from $40.00) on shares of PROS in a research note on Wednesday, October 30th. Robert W. Baird increased their price objective on PROS from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Finally, Stifel Nicolaus lifted their target price on shares of PROS from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, PROS presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

PROS Stock Up 9.8 %

NYSE PRO opened at $27.37 on Monday. PROS Holdings, Inc. has a 52 week low of $16.64 and a 52 week high of $38.71. The business’s fifty day simple moving average is $23.30 and its 200-day simple moving average is $21.23. The firm has a market cap of $1.29 billion, a PE ratio of -62.20 and a beta of 1.22.

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 the consensus estimate of $0.12 by ($0.15). Research analysts expect that PROS Holdings, Inc. will post -0.17 EPS for the current year.

PROS 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.