Los Angeles Capital Management LLC Takes $497,000 Position in PROS Holdings, Inc. (NYSE:PRO)

Los Angeles Capital Management LLC purchased a new stake in PROS Holdings, Inc. (NYSE:PRO) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 22,651 shares of the software maker’s stock, valued at approximately $497,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Planning acquired a new stake in PROS in the third quarter worth $249,000. US Bancorp DE increased its position in shares of PROS by 136.9% in the 3rd quarter. US Bancorp DE now owns 16,659 shares of the software maker’s stock valued at $309,000 after buying an additional 9,627 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in PROS by 29.3% during 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 period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in PROS by 3,489.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 268,362 shares of the software maker’s stock worth $4,970,000 after acquiring an additional 260,886 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in PROS during the third quarter worth about $204,000. Institutional investors own 94.27% of the company’s stock.

Insider Buying and Selling

In related news, CAO Scott William Cook sold 5,000 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were 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 of the company’s stock, valued at approximately $1,765,304.56. This trade represents a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PRO. Stifel Nicolaus raised their price target on PROS from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. StockNews.com upgraded shares of PROS from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. KeyCorp lifted their price target on shares of PROS from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Needham & Company LLC reissued a “buy” rating and set a $30.00 price objective on shares of PROS in a research report on Friday, February 7th. Finally, Oppenheimer cut shares of PROS from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 16th. One equities research 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 a consensus price target of $32.00.

PROS Stock Down 1.5 %

NYSE PRO opened at $23.81 on Tuesday. The firm’s 50 day moving average is $24.00 and its 200-day moving average is $21.71. The company has a market capitalization of $1.13 billion, a PE ratio of -54.11 and a beta of 1.22. PROS Holdings, Inc. has a 12-month low of $16.64 and a 12-month high of $38.71.

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

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.