Charles Schwab Investment Management Inc. Acquires 80,924 Shares of PROS Holdings, Inc. (NYSE:PRO)

Charles Schwab Investment Management Inc. lifted its holdings in shares of PROS Holdings, Inc. (NYSE:PRO) by 22.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 440,467 shares of the software maker’s stock after purchasing an additional 80,924 shares during the period. Charles Schwab Investment Management Inc. owned 0.93% of PROS worth $9,673,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Intech Investment Management LLC bought a new stake in shares of PROS during the 3rd quarter valued at about $204,000. Quadrature Capital Ltd boosted its holdings in PROS by 19.3% in the third quarter. Quadrature Capital Ltd now owns 12,589 shares of the software maker’s stock worth $233,000 after acquiring an additional 2,034 shares in the last quarter. Paloma Partners Management Co bought a new position in PROS in the third quarter worth approximately $252,000. Stephens Inc. AR boosted its holdings in PROS by 14.1% in the fourth quarter. Stephens Inc. AR now owns 12,616 shares of the software maker’s stock worth $277,000 after acquiring an additional 1,556 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new position in PROS in the third quarter worth approximately $303,000. Institutional investors own 94.27% of the company’s stock.

PROS Trading Down 0.4 %

Shares of PRO opened at $20.59 on Friday. The company has a market capitalization of $979.43 million, a price-to-earnings ratio of -46.80 and a beta of 1.14. The stock has a 50 day moving average of $23.92 and a 200 day moving average of $21.94. PROS Holdings, Inc. has a 12 month low of $16.64 and a 12 month high of $38.71.

PROS (NYSE:PRO) last issued its quarterly earnings results on Thursday, February 6th. The software maker reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.15). As a group, equities research analysts predict that PROS Holdings, Inc. will post -0.2 earnings per share for the current year.

Insiders Place Their Bets

In other PROS news, CAO Scott William Cook sold 5,000 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $29.84, for a total value of $149,200.00. Following the completion of the sale, the chief accounting officer now directly owns 59,159 shares of the company’s stock, valued at $1,765,304.56. This trade represents a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

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

PROS Company 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.