Intech Investment Management LLC Invests $204,000 in PROS Holdings, Inc. (NYSE:PRO)

Intech Investment Management LLC bought a new position in PROS Holdings, Inc. (NYSE:PRO) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,010 shares of the software maker’s stock, valued at approximately $204,000.

Other large investors have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of PROS during the second quarter valued at approximately $29,000. Quarry LP bought a new position in PROS in the 2nd quarter valued at $38,000. Hennion & Walsh Asset Management Inc. increased its stake in shares of PROS by 27.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 11,141 shares of the software maker’s stock valued at $206,000 after buying an additional 2,393 shares during the period. Sequoia Financial Advisors LLC bought a new stake in shares of PROS during the second quarter worth $210,000. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of PROS by 29.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 11,917 shares of the software maker’s stock valued at $221,000 after acquiring an additional 2,700 shares during the period. 94.27% of the stock is currently owned by institutional investors.

PROS Stock Performance

Shares of NYSE PRO opened at $24.84 on Friday. The stock has a market capitalization of $1.18 billion, a PE ratio of -40.06 and a beta of 1.21. PROS Holdings, Inc. has a 52 week low of $16.64 and a 52 week high of $40.99. The stock has a 50 day moving average price of $20.93 and a 200 day moving average price of $22.69.

PROS (NYSE:PRO) last issued its earnings results on Tuesday, October 29th. The software maker reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $82.70 million for the quarter, compared to analyst estimates of $82.32 million. During the same quarter in the previous year, the firm posted ($0.17) earnings per share. PROS’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, research analysts forecast that PROS Holdings, Inc. will post -0.29 EPS for the current year.

Wall Street Analysts Forecast Growth

PRO has been the topic of several recent research reports. Robert W. Baird raised their target price on shares of PROS from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday. Needham & Company LLC reduced their price objective on shares of PROS from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Bank of America dropped their target price on shares of PROS from $43.00 to $39.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. KeyCorp reduced their price target on PROS from $36.00 to $28.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Finally, Craig Hallum upgraded PROS from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Wednesday, October 30th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $31.88.

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.