PROS Holdings, Inc. (NYSE:PRO) Stock Position Raised by Geode Capital Management LLC

Geode Capital Management LLC increased its position in PROS Holdings, Inc. (NYSE:PRO) by 0.2% in the third quarter, HoldingsChannel reports. The firm owned 998,846 shares of the software maker’s stock after acquiring an additional 2,401 shares during the period. Geode Capital Management LLC’s holdings in PROS were worth $18,502,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. RGM Capital LLC increased its holdings in shares of PROS by 1.7% in the 3rd quarter. RGM Capital LLC now owns 3,028,677 shares of the software maker’s stock valued at $56,091,000 after purchasing an additional 50,000 shares during the period. Fred Alger Management LLC grew its position in 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 purchasing an additional 373,982 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in PROS by 2.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,727,026 shares of the software maker’s stock valued at $32,008,000 after buying an additional 39,846 shares during the period. State Street Corp lifted its position in PROS by 2.9% in the 3rd quarter. State Street Corp now owns 1,167,706 shares of the software maker’s stock worth $21,626,000 after buying an additional 33,176 shares in the last quarter. Finally, Tensile Capital Management LP boosted its stake in shares of PROS by 373.4% during the 3rd quarter. Tensile Capital Management LP now owns 1,161,301 shares of the software maker’s stock valued at $21,507,000 after buying an additional 915,990 shares during the period. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. KeyCorp cut their price objective on PROS from $36.00 to $28.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Oppenheimer reduced their price target on PROS from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Needham & Company LLC dropped their price objective on PROS from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. StockNews.com upgraded shares of PROS from a “hold” rating to a “buy” rating in a research note on Saturday, November 16th. Finally, Northland Securities restated an “outperform” rating and set a $38.00 price target (down previously from $40.00) on shares of PROS in a research note on Wednesday, October 30th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $31.88.

PROS Trading Down 3.2 %

Shares of PROS stock opened at $22.09 on Friday. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -35.63 and a beta of 1.21. PROS Holdings, Inc. has a 1 year low of $16.64 and a 1 year high of $40.03. The company’s fifty day simple moving average is $22.39 and its 200-day simple moving average is $22.01.

PROS (NYSE:PRO) last posted its quarterly earnings data 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 company had revenue of $82.70 million for the quarter, compared to the consensus estimate of $82.32 million. During the same quarter in the previous year, the firm posted ($0.17) EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, research analysts forecast that PROS Holdings, Inc. will post -0.29 earnings per share for the current fiscal year.

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.