362,496 Shares in PROS Holdings, Inc. (NYSE:PRO) Bought by Algert Global LLC

Algert Global LLC bought a new position in shares of PROS Holdings, Inc. (NYSE:PRO) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 362,496 shares of the software maker’s stock, valued at approximately $6,713,000.

Several other large investors have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its position in PROS by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 359,543 shares of the software maker’s stock worth $6,659,000 after purchasing an additional 4,832 shares during the last quarter. Intech Investment Management LLC bought a new position in PROS during the 3rd quarter worth $204,000. Connor Clark & Lunn Investment Management Ltd. raised 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 purchasing an additional 260,886 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position 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 purchasing an additional 2,700 shares during the last quarter. Finally, US Bancorp DE raised its position in PROS by 136.9% during the 3rd quarter. US Bancorp DE now owns 16,659 shares of the software maker’s stock worth $309,000 after purchasing an additional 9,627 shares during the last quarter. 94.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PRO. Needham & Company LLC lowered their target price on PROS from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Stifel Nicolaus lowered their price objective on PROS from $40.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. KeyCorp lowered their price objective on PROS from $36.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Robert W. Baird lowered their price objective on PROS from $35.00 to $28.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Finally, Bank of America lowered their price objective on PROS from $43.00 to $39.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $31.63.

PROS Price Performance

Shares of PRO opened at $23.92 on Friday. The stock has a 50-day moving average of $19.87 and a 200-day moving average of $23.14. The company has a market cap of $1.13 billion, a PE ratio of -38.58 and a beta of 1.20. PROS Holdings, Inc. has a one year low of $16.64 and a one year high of $40.99.

PROS (NYSE:PRO) last issued its earnings results on Tuesday, October 29th. The software maker reported $0.14 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 analyst estimates of $82.32 million. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.17) earnings per share. Analysts expect that PROS Holdings, Inc. will post -0.29 EPS for the current fiscal 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.