Eagle Asset Management Inc. Sells 603,397 Shares of PROS Holdings, Inc. (NYSE:PRO)

Eagle Asset Management Inc. lessened its holdings in PROS Holdings, Inc. (NYSE:PRO) by 69.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 261,521 shares of the software maker’s stock after selling 603,397 shares during the quarter. Eagle Asset Management Inc.’s holdings in PROS were worth $4,843,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PRO. Fred Alger Management LLC boosted its holdings in PROS by 14.7% in the second quarter. Fred Alger Management LLC now owns 2,919,116 shares of the software maker’s stock worth $83,633,000 after acquiring an additional 373,982 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of PROS by 218.6% in the third quarter. Assenagon Asset Management S.A. now owns 418,023 shares of the software maker’s stock worth $7,742,000 after purchasing an additional 286,825 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of PROS by 3,489.6% in 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 purchasing an additional 260,886 shares during the last quarter. Kopion Asset Management LLC raised its stake in shares of PROS by 60.0% in the third quarter. Kopion Asset Management LLC now owns 461,695 shares of the software maker’s stock worth $8,551,000 after purchasing an additional 173,168 shares during the last quarter. Finally, RGM Capital LLC raised its position in PROS by 5.9% during the second quarter. RGM Capital LLC now owns 2,978,677 shares of the software maker’s stock valued at $85,339,000 after acquiring an additional 166,301 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

PROS Trading Up 1.2 %

PRO stock opened at $23.92 on Monday. The company has a market capitalization of $1.13 billion, a PE ratio of -38.58 and a beta of 1.20. PROS Holdings, Inc. has a 12-month low of $16.64 and a 12-month high of $40.99. The business’s fifty day moving average price is $19.87 and its 200 day moving average price is $23.08.

PROS (NYSE:PRO) last posted its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.05. The firm had revenue of $82.70 million during the quarter, compared to analysts’ expectations of $82.32 million. PROS’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.17) EPS. Research analysts predict that PROS Holdings, Inc. will post -0.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PRO has been the subject of several recent research reports. Needham & Company LLC reduced their price target on PROS from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Bank of America lowered their price target on PROS from $43.00 to $39.00 and set a “buy” rating on the stock in a research note on Tuesday, August 27th. KeyCorp lowered their price objective on PROS from $36.00 to $28.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Oppenheimer lowered their price objective on PROS from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Finally, Robert W. Baird reduced their target price on PROS from $35.00 to $28.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, PROS presently has an average rating of “Buy” and a consensus price target of $31.63.

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.