PROS Holdings, Inc. (NYSE:PRO) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC decreased its position in shares of PROS Holdings, Inc. (NYSE:PRO) by 53.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 250,865 shares of the software maker’s stock after selling 283,749 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in PROS were worth $5,509,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Barclays PLC grew its position in PROS by 345.4% during 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 period. JPMorgan Chase & Co. raised its position in shares of PROS by 570.6% in the third quarter. JPMorgan Chase & Co. now owns 397,424 shares of the software maker’s stock worth $7,360,000 after acquiring an additional 338,158 shares during the period. US Bancorp DE boosted its stake in shares of PROS by 11.1% during the 4th quarter. US Bancorp DE now owns 18,500 shares of the software maker’s stock worth $406,000 after acquiring an additional 1,841 shares in the last quarter. Vanguard Group Inc. grew its position 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 valued at $124,516,000 after acquiring an additional 172,997 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its stake 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 purchasing an additional 3,148 shares in the last quarter. 94.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PRO has been the topic of a number of recent analyst reports. Robert W. Baird lowered their price target on PROS from $30.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. StockNews.com cut shares of PROS from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Oppenheimer cut shares of PROS from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 16th. Stifel Nicolaus dropped their target price on shares of PROS from $30.00 to $24.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Finally, KeyCorp reduced their price target 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. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, PROS presently has an average rating of “Moderate Buy” and an average target price of $29.13.

PROS Price Performance

PRO stock opened at $16.86 on Friday. PROS Holdings, Inc. has a 1 year low of $14.81 and a 1 year high of $32.87. The firm has a market capitalization of $806.98 million, a PE ratio of -38.33 and a beta of 1.06. The business has a 50 day simple moving average of $18.59 and a 200-day simple moving average of $21.66.

PROS (NYSE:PRO) last issued its earnings results on Thursday, May 1st. The software maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $86.32 million during the quarter, compared to analyst estimates of $85.69 million. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business earned $0.04 earnings per share. On average, equities research analysts expect that PROS Holdings, Inc. will post -0.2 EPS for the current 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.