PROS Holdings, Inc. (NYSE:PRO) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in PROS Holdings, Inc. (NYSE:PRO) by 1.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 359,543 shares of the software maker’s stock after acquiring an additional 4,832 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in PROS were worth $6,659,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Intech Investment Management LLC acquired a new stake in PROS in the 3rd quarter valued at about $204,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in PROS by 3,489.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 268,362 shares of the software maker’s stock valued at $4,970,000 after acquiring an additional 260,886 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in PROS by 29.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 11,917 shares of the software maker’s stock worth $221,000 after acquiring an additional 2,700 shares during the last quarter. US Bancorp DE increased its position in shares of PROS by 136.9% in the 3rd quarter. US Bancorp DE now owns 16,659 shares of the software maker’s stock valued at $309,000 after purchasing an additional 9,627 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of PROS by 218.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 418,023 shares of the software maker’s stock valued at $7,742,000 after purchasing an additional 286,825 shares in the last quarter. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

PROS Stock Performance

Shares of PRO opened at $24.33 on Thursday. PROS Holdings, Inc. has a fifty-two week low of $16.64 and a fifty-two week high of $40.99. The firm has a 50-day simple moving average of $21.30 and a 200-day simple moving average of $22.49. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of -39.23 and a beta of 1.21.

PROS (NYSE:PRO) last released its earnings results on Tuesday, October 29th. The software maker reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The company had revenue of $82.70 million during the quarter, compared to analyst estimates of $82.32 million. During the same period in the previous year, the firm posted ($0.17) EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities research analysts forecast that PROS Holdings, Inc. will post -0.29 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PRO. Northland Securities reiterated an “outperform” rating and set a $38.00 target price (down previously from $40.00) on shares of PROS in a research note on Wednesday, October 30th. StockNews.com raised PROS from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. Bank of America cut their price objective on shares of PROS from $43.00 to $39.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. Craig Hallum upgraded shares of PROS from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a report on Wednesday, October 30th. Finally, KeyCorp cut their price target on shares of PROS from $36.00 to $28.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, PROS currently has an average rating of “Buy” and an average target price of $31.88.

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.