Swiss National Bank Has $1.73 Million Stake in PROS Holdings, Inc. (NYSE:PRO)

Swiss National Bank grew its position in PROS Holdings, Inc. (NYSE:PRO) by 1.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 78,900 shares of the software maker’s stock after buying an additional 1,300 shares during the quarter. Swiss National Bank’s holdings in PROS were worth $1,733,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jacobs Levy Equity Management Inc. acquired a new stake in PROS in the 3rd quarter valued at approximately $17,921,000. Tensile Capital Management LP raised its holdings in shares of PROS by 373.4% in the third quarter. Tensile Capital Management LP now owns 1,161,301 shares of the software maker’s stock valued at $21,507,000 after purchasing an additional 915,990 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of PROS by 570.6% in the third quarter. JPMorgan Chase & Co. now owns 397,424 shares of the software maker’s stock worth $7,360,000 after purchasing an additional 338,158 shares in the last quarter. Raymond James Financial Inc. acquired a new position in PROS during the fourth quarter worth $6,447,000. Finally, BNP Paribas Financial Markets grew its position in PROS by 570.5% in the third quarter. BNP Paribas Financial Markets now owns 266,132 shares of the software maker’s stock valued at $4,929,000 after purchasing an additional 226,443 shares in the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at PROS

In other PROS news, CAO Scott William Cook sold 5,000 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $29.84, for a total transaction of $149,200.00. Following the transaction, the chief accounting officer now owns 59,159 shares in the company, valued at $1,765,304.56. This trade represents a 7.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

PRO has been the topic of several analyst reports. Stifel Nicolaus boosted their price target on shares of PROS from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Robert W. Baird upped their target price on PROS from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. KeyCorp raised their price target on PROS from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Oppenheimer cut PROS from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 16th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $30.00 target price on shares of PROS in a research note on Friday, February 7th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $32.00.

PROS Trading Down 4.0 %

PRO stock opened at $19.88 on Friday. The business’s 50 day simple moving average is $23.80 and its 200 day simple moving average is $22.01. PROS Holdings, Inc. has a 1-year low of $16.64 and a 1-year high of $38.71. The firm has a market capitalization 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). As a group, sell-side analysts predict that PROS Holdings, Inc. will post -0.2 EPS 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.