State Street Corp Has $21.63 Million Stake in PROS Holdings, Inc. (NYSE:PRO)

State Street Corp lifted its stake in shares of PROS Holdings, Inc. (NYSE:PRO) by 2.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,167,706 shares of the software maker’s stock after acquiring an additional 33,176 shares during the period. State Street Corp’s holdings in PROS were worth $21,626,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quadrature Capital Ltd increased its stake in PROS by 19.3% in the third quarter. Quadrature Capital Ltd now owns 12,589 shares of the software maker’s stock valued at $233,000 after purchasing an additional 2,034 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in PROS in the third quarter valued at approximately $303,000. Point72 Asset Management L.P. raised its position in shares of PROS by 262.2% during the third quarter. Point72 Asset Management L.P. now owns 31,638 shares of the software maker’s stock worth $586,000 after purchasing an additional 22,903 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in shares of PROS in the 3rd quarter worth $17,921,000. Finally, Centiva Capital LP increased its stake in PROS by 45.7% during the 3rd quarter. Centiva Capital LP now owns 37,654 shares of the software maker’s stock valued at $697,000 after purchasing an additional 11,817 shares in the last quarter. 94.27% of the stock is owned by institutional investors.

PROS Stock Up 0.0 %

PROS stock opened at $22.51 on Tuesday. The firm has a 50 day moving average price of $22.05 and a 200-day moving average price of $22.12. PROS Holdings, Inc. has a twelve month low of $16.64 and a twelve month high of $40.10. The company has a market capitalization of $1.06 billion, a P/E ratio of -36.31 and a beta of 1.20.

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, topping analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $82.70 million during the quarter, compared to analysts’ expectations of $82.32 million. During the same period in the prior year, the business earned ($0.17) earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities analysts expect that PROS Holdings, Inc. will post -0.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on PRO shares. Northland Securities reiterated an “outperform” rating and set a $38.00 price objective (down from $40.00) on shares of PROS in a report on Wednesday, October 30th. Oppenheimer decreased their price objective on PROS from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. KeyCorp lowered their price objective on PROS from $36.00 to $28.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. StockNews.com raised PROS from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. Finally, Bank of America lowered their price target on PROS from $43.00 to $39.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $31.88.

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.