Alyeska Investment Group L.P. Grows Stock Position in PROS Holdings, Inc. (NYSE:PRO)

Alyeska Investment Group L.P. increased its position in shares of PROS Holdings, Inc. (NYSE:PRO) by 334.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,748,055 shares of the software maker’s stock after purchasing an additional 1,345,256 shares during the quarter. Alyeska Investment Group L.P. owned approximately 3.69% of PROS worth $38,387,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in PRO. Barclays PLC raised its position in shares of PROS by 345.4% in the third quarter. Barclays PLC now owns 238,382 shares of the software maker’s stock valued at $4,415,000 after buying an additional 184,856 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in PROS by 570.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 397,424 shares of the software maker’s stock valued at $7,360,000 after acquiring an additional 338,158 shares during the last quarter. US Bancorp DE lifted its stake in PROS by 11.1% in the 4th quarter. US Bancorp DE now owns 18,500 shares of the software maker’s stock worth $406,000 after purchasing an additional 1,841 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of PROS by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 5,670,130 shares of the software maker’s stock worth $124,516,000 after purchasing an additional 172,997 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its position in shares of PROS by 28.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 14,289 shares of the software maker’s stock valued at $314,000 after purchasing an additional 3,148 shares in the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other PROS news, CAO Scott William Cook sold 5,000 shares of the business’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 owns 59,159 shares in the company, valued at $1,765,304.56. The trade was a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PRO. Oppenheimer cut PROS from an “outperform” rating to a “market perform” rating in a report on Thursday, January 16th. KeyCorp dropped their price objective on shares of PROS from $31.00 to $22.00 and set an “overweight” rating for the company in a report on Friday. StockNews.com raised shares of PROS from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 29th. Stifel Nicolaus dropped their price target on shares of PROS from $30.00 to $24.00 and set a “buy” rating for the company in a research note on Friday. Finally, Robert W. Baird reduced their price target on shares of PROS from $30.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $29.13.

PROS Stock Performance

Shares of PRO stock opened at $16.46 on Friday. The firm has a market cap of $786.74 million, a P/E ratio of -37.41 and a beta of 1.04. The firm’s 50 day moving average price is $19.21 and its 200-day moving average price is $21.75. PROS Holdings, Inc. has a one year low of $14.81 and a one year high of $33.50.

PROS (NYSE:PRO) last released its quarterly earnings results on Thursday, May 1st. The software maker reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The firm had revenue of $86.32 million for the quarter, compared to analyst estimates of $85.69 million. During the same quarter last year, the company earned $0.04 earnings per share. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, research analysts predict 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.