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

Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of PROS Holdings, Inc. (NYSE:PRO) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 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 the company. Russell Investments Group Ltd. bought a new position in shares of PROS during the first quarter valued at $1,291,000. Vanguard Group Inc. raised its position in PROS by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 4,909,642 shares of the software maker’s stock worth $178,367,000 after purchasing an additional 144,729 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in PROS by 21.7% during the 1st 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 acquired a new position in PROS during the 1st quarter worth about $775,000. Finally, Ghisallo Capital Management LLC bought a new stake in shares of PROS in the 4th quarter valued at about $1,831,000. Institutional investors and hedge funds own 94.27% of the company’s stock.

PROS Stock Down 2.6 %

PROS stock opened at $18.03 on Wednesday. The company has a market capitalization of $847.48 million, a PE ratio of -17.17 and a beta of 1.20. PROS Holdings, Inc. has a 12-month low of $16.64 and a 12-month high of $40.99. The firm’s fifty day moving average is $19.71 and its 200 day moving average is $26.97.

PROS (NYSE:PRO) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $81.38 million. PROS’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.24) EPS. Sell-side analysts expect that PROS Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PRO. Oppenheimer lowered their price objective on PROS from $42.00 to $31.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Bank of America lowered their price target on shares of PROS from $43.00 to $39.00 and set a “buy” rating for the company in a report on Tuesday, August 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of PROS in a research note on Monday, September 9th. Craig Hallum lowered their target price on shares of PROS from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Wednesday, July 31st. Finally, StockNews.com raised shares of PROS from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.86.

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.