Point72 Asia Singapore Pte. Ltd. Buys New Position in PROS Holdings, Inc. (NYSE:PRO)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in PROS Holdings, Inc. (NYSE:PRO) in the second quarter, Holdings Channel.com reports. The fund purchased 998 shares of the software maker’s stock, valued at approximately $29,000.

A number of other institutional investors and hedge funds have also bought and sold shares of PRO. Russell Investments Group Ltd. bought a new stake in shares of PROS in the 1st quarter worth $1,291,000. Vanguard Group Inc. lifted its position in shares of PROS by 3.0% during the first quarter. Vanguard Group Inc. now owns 4,909,642 shares of the software maker’s stock valued at $178,367,000 after purchasing an additional 144,729 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in PROS by 21.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 474,397 shares of the software maker’s stock worth $17,226,000 after purchasing an additional 84,591 shares during the last quarter. Inspire Advisors LLC bought a new stake in PROS in the 1st quarter worth about $775,000. Finally, Ghisallo Capital Management LLC purchased a new stake in PROS in the 4th quarter valued at about $1,831,000. 94.27% of the stock is owned by hedge funds and other institutional investors.

PROS Trading Down 2.6 %

PRO opened at $18.03 on Wednesday. The company has a 50 day moving average of $19.71 and a 200 day moving average of $26.97. PROS Holdings, Inc. has a 12 month low of $16.64 and a 12 month high of $40.99. The company has a market cap of $847.48 million, a PE ratio of -17.17 and a beta of 1.20.

PROS (NYSE:PRO) last announced its quarterly earnings results on Tuesday, July 30th. The software maker reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.05. The company had revenue of $82.01 million during the quarter, compared to analysts’ expectations of $81.38 million. During the same quarter last year, the firm posted ($0.24) earnings per share. PROS’s revenue for the quarter was up 8.2% compared to the same quarter last year. Research analysts forecast that PROS Holdings, Inc. will post -0.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. StockNews.com upgraded PROS from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. Robert W. Baird decreased their target price on PROS from $45.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of PROS in a research report on Monday, September 9th. KeyCorp lowered their price objective on shares of PROS from $43.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Finally, Oppenheimer lowered their price target on shares of PROS from $42.00 to $31.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, PROS currently has an average rating of “Moderate Buy” and an average price target of $34.86.

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.