Cubist Systematic Strategies LLC Cuts Stock Holdings in PROS Holdings, Inc. (NYSE:PRO)

Cubist Systematic Strategies LLC lessened its holdings in PROS Holdings, Inc. (NYSE:PRO) by 53.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 250,865 shares of the software maker’s stock after selling 283,749 shares during the period. Cubist Systematic Strategies LLC owned about 0.53% of PROS worth $5,509,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Barclays PLC boosted its position in PROS by 345.4% during the 3rd quarter. Barclays PLC now owns 238,382 shares of the software maker’s stock valued at $4,415,000 after acquiring an additional 184,856 shares in the last quarter. JPMorgan Chase & Co. grew its stake in PROS by 570.6% in the third quarter. JPMorgan Chase & Co. now owns 397,424 shares of the software maker’s stock valued at $7,360,000 after purchasing an additional 338,158 shares during the last quarter. US Bancorp DE raised its holdings in PROS by 11.1% in the fourth 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. lifted its position in shares of PROS by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 5,670,130 shares of the software maker’s stock valued at $124,516,000 after buying an additional 172,997 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in shares of 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. 94.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on PRO shares. KeyCorp decreased their target price on shares of PROS from $31.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Stifel Nicolaus decreased their price objective on PROS from $30.00 to $24.00 and set a “buy” rating for the company in a report on Friday, May 2nd. StockNews.com downgraded PROS from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Robert W. Baird reduced their target price on PROS from $30.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Finally, Oppenheimer downgraded PROS from an “outperform” rating to a “market perform” rating in a report on Thursday, January 16th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.13.

PROS Stock Performance

Shares of PRO opened at $16.86 on Friday. The stock has a 50-day moving average of $18.59 and a two-hundred day moving average of $21.66. The stock has a market cap of $806.98 million, a P/E ratio of -38.33 and a beta of 1.06. PROS Holdings, Inc. has a one year low of $14.81 and a one year high of $32.87.

PROS (NYSE:PRO) last released its 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. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the firm earned $0.04 EPS. Analysts predict that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal year.

PROS 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.