Marshall Wace LLP Purchases 144,830 Shares of PROS Holdings, Inc. (NYSE:PRO)

Marshall Wace LLP lifted its position in shares of PROS Holdings, Inc. (NYSE:PRO) by 683.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 166,021 shares of the software maker’s stock after acquiring an additional 144,830 shares during the quarter. Marshall Wace LLP’s holdings in PROS were worth $3,646,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in PROS by 345.4% during the third quarter. Barclays PLC now owns 238,382 shares of the software maker’s stock worth $4,415,000 after purchasing an additional 184,856 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of PROS by 570.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 397,424 shares of the software maker’s stock valued at $7,360,000 after buying an additional 338,158 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in PROS by 28.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 14,289 shares of the software maker’s stock valued at $314,000 after buying an additional 3,148 shares in the last quarter. Stephens Inc. AR raised its holdings in PROS by 14.1% during the 4th quarter. Stephens Inc. AR now owns 12,616 shares of the software maker’s stock valued at $277,000 after acquiring an additional 1,556 shares during the period. Finally, Rice Hall James & Associates LLC lifted its position in shares of PROS by 18.5% during the fourth quarter. Rice Hall James & Associates LLC now owns 263,193 shares of the software maker’s stock worth $5,780,000 after acquiring an additional 41,111 shares in the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Insider Activity

In other news, CAO Scott William Cook sold 5,000 shares of the company’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 sale, the chief accounting officer now owns 59,159 shares of the company’s stock, valued at approximately $1,765,304.56. This represents a 7.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.00% of the company’s stock.

Analyst Ratings Changes

PRO has been the subject of several recent research reports. Robert W. Baird reduced their price target on PROS from $30.00 to $27.00 and set an “outperform” rating for the company in a research report on Tuesday, April 8th. Needham & Company LLC reiterated a “buy” rating and set a $30.00 price target on shares of PROS in a research report on Friday, February 7th. KeyCorp raised their price objective on shares of PROS from $28.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Stifel Nicolaus upped their target price on shares of PROS from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Oppenheimer downgraded shares of PROS from an “outperform” rating to a “market perform” rating in a 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.63.

PROS Price Performance

PRO stock opened at $17.87 on Friday. The firm has a 50 day simple moving average of $20.07 and a two-hundred day simple moving average of $21.78. The stock has a market cap of $854.13 million, a PE ratio of -40.61 and a beta of 1.04. PROS Holdings, Inc. has a one year low of $14.81 and a one year high of $34.54.

PROS (NYSE:PRO) last announced its 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). On average, research analysts expect that PROS Holdings, Inc. will post -0.2 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.