Natixis Advisors LLC Invests $237,000 in PROS Holdings, Inc. (NYSE:PRO)

Natixis Advisors LLC bought a new stake in shares of PROS Holdings, Inc. (NYSE:PRO) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 10,808 shares of the software maker’s stock, valued at approximately $237,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Intech Investment Management LLC acquired a new position in shares of PROS during the third quarter worth approximately $204,000. Quadrature Capital Ltd raised its stake in PROS by 19.3% during the 3rd 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 during the last quarter. Paloma Partners Management Co bought a new stake in PROS in the 3rd quarter valued at $252,000. Aigen Investment Management LP acquired a new stake in PROS in the 4th quarter worth $252,000. Finally, Stephens Inc. AR increased its holdings in shares of PROS by 14.1% during the 4th quarter. Stephens Inc. AR now owns 12,616 shares of the software maker’s stock worth $277,000 after purchasing an additional 1,556 shares during the period. Institutional investors own 94.27% of the company’s stock.

PROS Stock Performance

Shares of NYSE PRO opened at $19.88 on Friday. The business has a fifty day moving average of $23.80 and a two-hundred day moving average of $22.01. PROS Holdings, Inc. has a 52-week low of $16.64 and a 52-week high of $38.71. The stock has a market cap of $945.46 million, a PE ratio of -45.17 and a beta of 1.14.

PROS (NYSE:PRO) last issued its quarterly earnings data on Thursday, February 6th. The software maker reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.15). Analysts predict that PROS Holdings, Inc. will post -0.2 earnings per share for the current year.

Insider Activity at PROS

In other PROS news, CAO Scott William Cook sold 5,000 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $29.84, for a total value of $149,200.00. Following the completion of the transaction, the chief accounting officer now directly owns 59,159 shares of the company’s stock, valued at approximately $1,765,304.56. The trade was a 7.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

PRO has been the subject of several research reports. KeyCorp increased their target price on shares of PROS from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Oppenheimer lowered PROS from an “outperform” rating to a “market perform” rating in a report on Thursday, January 16th. Robert W. Baird upped their target price on PROS from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Needham & Company LLC reiterated a “buy” rating and set a $30.00 price target on shares of PROS in a research note on Friday, February 7th. Finally, Stifel Nicolaus increased their price objective on shares of PROS from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, February 7th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

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.