ProShare Advisors LLC Purchases New Position in PROS Holdings, Inc. (NYSE:PRO)

ProShare Advisors LLC purchased a new stake in PROS Holdings, Inc. (NYSE:PRO) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 12,874 shares of the software maker’s stock, valued at approximately $283,000.

A number of other institutional investors have also recently made changes to their positions in the business. Quadrant Capital Group LLC lifted its holdings in shares of PROS by 153.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker’s stock valued at $34,000 after acquiring an additional 926 shares during the last quarter. Franklin Resources Inc. raised its position in PROS by 3.3% in the 4th quarter. Franklin Resources Inc. now owns 33,852 shares of the software maker’s stock worth $743,000 after purchasing an additional 1,080 shares during the period. Comerica Bank raised its position in PROS by 264.5% in the 4th quarter. Comerica Bank now owns 1,571 shares of the software maker’s stock worth $34,000 after purchasing an additional 1,140 shares during the period. Swiss National Bank raised its position in PROS by 1.7% in the 4th quarter. Swiss National Bank now owns 78,900 shares of the software maker’s stock worth $1,733,000 after purchasing an additional 1,300 shares during the period. Finally, MetLife Investment Management LLC raised its position in PROS by 5.4% in the 4th quarter. MetLife Investment Management LLC now owns 27,978 shares of the software maker’s stock worth $614,000 after purchasing an additional 1,438 shares during the period. Institutional investors own 94.27% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on PRO. Robert W. Baird reduced their price objective 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. Northland Securities set a $38.00 price objective on shares of PROS in a research report on Wednesday. Wall Street Zen lowered shares of PROS from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 7th. Needham & Company LLC reduced their target price on shares of PROS from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Finally, KeyCorp reduced their target price on shares of PROS from $31.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $29.13.

PROS Stock Performance

Shares of NYSE:PRO opened at $17.62 on Friday. The firm has a market cap of $843.15 million, a PE ratio of -40.05 and a beta of 1.06. The firm’s 50 day simple moving average is $17.35 and its 200-day simple moving average is $21.35. PROS Holdings, Inc. has a one year low of $14.81 and a one year high of $30.47.

PROS (NYSE:PRO) last issued 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 company had revenue of $86.32 million for the quarter, compared to analysts’ expectations of $85.69 million. The business’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business posted $0.04 earnings per share. Equities research 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.