Assenagon Asset Management S.A. Sells 94,190 Shares of PROS Holdings, Inc. (NYSE:PRO)

Assenagon Asset Management S.A. lowered its holdings in PROS Holdings, Inc. (NYSE:PRO) by 22.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 323,833 shares of the software maker’s stock after selling 94,190 shares during the quarter. Assenagon Asset Management S.A. owned about 0.68% of PROS worth $7,111,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of PRO. BNP Paribas Financial Markets grew its holdings in shares of PROS by 570.5% during the third quarter. BNP Paribas Financial Markets now owns 266,132 shares of the software maker’s stock valued at $4,929,000 after buying an additional 226,443 shares during the last quarter. Barclays PLC lifted its position in PROS by 345.4% in the 3rd quarter. Barclays PLC now owns 238,382 shares of the software maker’s stock valued at $4,415,000 after acquiring an additional 184,856 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in PROS by 3,489.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 268,362 shares of the software maker’s stock valued at $4,970,000 after purchasing an additional 260,886 shares during the last quarter. RGM Capital LLC increased its holdings in PROS by 5.9% during the 2nd quarter. RGM Capital LLC now owns 2,978,677 shares of the software maker’s stock worth $85,339,000 after purchasing an additional 166,301 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its stake in shares of PROS by 262.2% in the third quarter. Point72 Asset Management L.P. now owns 31,638 shares of the software maker’s stock worth $586,000 after purchasing an additional 22,903 shares during the last quarter. Institutional investors own 94.27% of the company’s stock.

PROS Trading Up 2.7 %

NYSE:PRO opened at $22.32 on Monday. The firm’s 50 day moving average is $22.92 and its 200 day moving average is $21.30. PROS Holdings, Inc. has a 12 month low of $16.64 and a 12 month high of $38.71. The stock has a market capitalization of $1.06 billion, a PE ratio of -35.99 and a beta of 1.21.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Craig Hallum upgraded PROS from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Wednesday, October 30th. Northland Securities reiterated an “outperform” rating and issued a $38.00 target price (down previously from $40.00) on shares of PROS in a report on Wednesday, October 30th. KeyCorp cut their price target on shares of PROS from $36.00 to $28.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. StockNews.com upgraded shares of PROS from a “hold” rating to a “buy” rating in a research note on Saturday, November 16th. Finally, Robert W. Baird boosted their target price on PROS from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $31.88.

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.