PROS Holdings, Inc. (NYSE:PRO) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC increased its holdings in shares of PROS Holdings, Inc. (NYSE:PRO) by 2,716.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,169 shares of the software maker’s stock after purchasing an additional 2,092 shares during the period. GAMMA Investing LLC’s holdings in PROS were worth $41,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. grew its position in PROS by 334.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,748,055 shares of the software maker’s stock worth $38,387,000 after purchasing an additional 1,345,256 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in PROS by 340.3% during the 4th quarter. Nuveen Asset Management LLC now owns 1,383,315 shares of the software maker’s stock valued at $30,378,000 after acquiring an additional 1,069,141 shares in the last quarter. Raymond James Financial Inc. purchased a new position in PROS during the 4th quarter valued at about $6,447,000. Vanguard Group Inc. grew its holdings in shares of PROS by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 5,670,130 shares of the software maker’s stock worth $124,516,000 after buying an additional 172,997 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of PROS by 683.5% during the fourth quarter. Marshall Wace LLP now owns 166,021 shares of the software maker’s stock worth $3,646,000 after buying an additional 144,830 shares in the last quarter. 94.27% of the stock is owned by hedge funds and other institutional investors.

PROS Stock Up 2.2%

Shares of PRO stock opened at $15.31 on Friday. The firm has a fifty day moving average of $17.07 and a 200-day moving average of $20.46. PROS Holdings, Inc. has a 12-month low of $13.61 and a 12-month high of $29.84. The company has a market capitalization of $732.39 million, a price-to-earnings ratio of -54.66 and a beta of 1.03.

PROS (NYSE:PRO) last announced its earnings results on Thursday, May 1st. The software maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. The business had revenue of $86.32 million for the quarter, compared to analyst estimates of $85.69 million. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS. On average, equities analysts expect that PROS Holdings, Inc. will post -0.2 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price target on shares of PROS in a research report on Thursday, June 12th. Northland Securities set a $38.00 price objective on shares of PROS in a report on Wednesday, May 28th. Stifel Nicolaus lowered their price objective on shares of PROS from $30.00 to $24.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Baird R W cut shares of PROS from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 16th. Finally, Wall Street Zen lowered shares of PROS from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 7th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

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.