UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stock Holdings in PROS Holdings, Inc. (NYSE:PRO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in PROS Holdings, Inc. (NYSE:PRO) by 4.3% during the third quarter, Holdings Channel.com reports. The fund owned 100,771 shares of the software maker’s stock after selling 4,555 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in PROS were worth $1,866,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of PRO. Fred Alger Management LLC increased its position in shares of PROS by 14.7% during the second quarter. Fred Alger Management LLC now owns 2,919,116 shares of the software maker’s stock valued at $83,633,000 after buying an additional 373,982 shares during the period. Algert Global LLC purchased a new position in shares of PROS during the third quarter valued at about $6,713,000. Assenagon Asset Management S.A. increased its position in shares of PROS by 218.6% during the third quarter. Assenagon Asset Management S.A. now owns 418,023 shares of the software maker’s stock valued at $7,742,000 after buying an additional 286,825 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew 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 worth $4,970,000 after purchasing an additional 260,886 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in PROS by 570.5% in the third quarter. BNP Paribas Financial Markets now owns 266,132 shares of the software maker’s stock worth $4,929,000 after purchasing an additional 226,443 shares during the period. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. KeyCorp cut their price objective on shares of PROS from $36.00 to $28.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Oppenheimer cut their price objective on shares of PROS from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Craig Hallum upgraded shares of PROS from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Wednesday, October 30th. Northland Securities restated an “outperform” rating and issued a $38.00 price objective (down previously from $40.00) on shares of PROS in a report on Wednesday, October 30th. Finally, Needham & Company LLC cut their price objective on shares of PROS from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $31.88.

PROS Stock Performance

Shares of NYSE PRO opened at $23.46 on Monday. The firm’s 50 day moving average price is $21.54 and its 200-day moving average price is $22.33. The company has a market cap of $1.11 billion, a PE ratio of -37.84 and a beta of 1.21. PROS Holdings, Inc. has a 52-week low of $16.64 and a 52-week high of $40.99.

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