Envestnet Asset Management Inc. Has $4.52 Million Stake in PROS Holdings, Inc. $PRO

Envestnet Asset Management Inc. trimmed its position in shares of PROS Holdings, Inc. (NYSE:PRO) by 5.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 288,478 shares of the software maker’s stock after selling 17,641 shares during the period. Envestnet Asset Management Inc.’s holdings in PROS were worth $4,518,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. FNY Investment Advisers LLC acquired a new stake in shares of PROS in the second quarter worth $70,000. CWM LLC raised its position in PROS by 153.6% during the first quarter. CWM LLC now owns 7,666 shares of the software maker’s stock valued at $146,000 after buying an additional 4,643 shares during the period. KLP Kapitalforvaltning AS lifted its stake in PROS by 39.4% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 9,900 shares of the software maker’s stock worth $155,000 after acquiring an additional 2,800 shares in the last quarter. Virtus Advisers LLC acquired a new stake in PROS during the 1st quarter worth about $170,000. Finally, Ieq Capital LLC purchased a new position in PROS during the 1st quarter valued at about $207,000. Hedge funds and other institutional investors own 94.27% of the company’s stock.

PROS Stock Up 0.0%

PRO stock opened at $23.14 on Friday. The firm has a 50 day moving average of $21.36 and a two-hundred day moving average of $18.01. PROS Holdings, Inc. has a 12 month low of $13.61 and a 12 month high of $29.84. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -74.65 and a beta of 1.02.

PROS (NYSE:PRO) last released its quarterly earnings data on Monday, October 27th. The software maker reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.27. The business had revenue of $91.68 million during the quarter, compared to analyst estimates of $94.71 million. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 EPS. On average, research analysts expect that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PRO. Northland Securities set a $23.25 price target on shares of PROS in a research report on Tuesday, September 30th. Needham & Company LLC downgraded shares of PROS from a “buy” rating to a “hold” rating and set a $25.00 target price for the company. in a research report on Tuesday, September 23rd. Northland Capmk lowered shares of PROS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. KeyCorp cut shares of PROS from an “overweight” rating to a “sector weight” rating in a report on Tuesday, September 23rd. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of PROS in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, PROS has an average rating of “Hold” and an average price target of $21.65.

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.