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

Algert Global LLC bought a new position in shares of PROS Holdings, Inc. (NYSE:PRO) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 362,496 shares of the software maker’s stock, valued at approximately $6,713,000. Algert Global LLC owned approximately 0.77% of PROS as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of PRO. Fred Alger Management LLC raised its holdings in PROS by 14.7% during 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 PROS by 218.6% in the third quarter. Assenagon Asset Management S.A. now owns 418,023 shares of the software maker’s stock valued at $7,742,000 after buying an additional 286,825 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in 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 valued at $4,970,000 after buying an additional 260,886 shares during the period. Kopion Asset Management LLC raised its stake in PROS by 60.0% in the third quarter. Kopion Asset Management LLC now owns 461,695 shares of the software maker’s stock valued at $8,551,000 after buying an additional 173,168 shares during the period. Finally, RGM Capital LLC raised its stake in PROS by 5.9% in the second quarter. RGM Capital LLC now owns 2,978,677 shares of the software maker’s stock valued at $85,339,000 after buying an additional 166,301 shares during the period. Institutional investors own 94.27% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Bank of America dropped their price objective on PROS from $43.00 to $39.00 and set a “buy” rating on the stock in a research note on Tuesday, August 27th. Northland Securities restated an “outperform” rating and issued a $38.00 price objective (down previously from $40.00) on shares of PROS in a research note on Wednesday, October 30th. Needham & Company LLC lowered their target price on PROS from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Oppenheimer lowered their target price 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, Stifel Nicolaus lowered their target price on PROS from $40.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $31.63.

PROS Price Performance

Shares of NYSE:PRO opened at $23.92 on Friday. The company has a market capitalization of $1.13 billion, a P/E ratio of -38.58 and a beta of 1.20. PROS Holdings, Inc. has a 1 year low of $16.64 and a 1 year high of $40.99. The business’s 50 day simple moving average is $19.87 and its 200 day simple moving average is $23.14.

PROS (NYSE:PRO) last issued its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The company had revenue of $82.70 million for the quarter, compared to analyst estimates of $82.32 million. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.17) EPS. On average, sell-side analysts anticipate that PROS Holdings, Inc. will post -0.29 EPS for the current fiscal year.

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.