PROS Holdings, Inc. (NYSE:PRO) Shares Acquired by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lifted its stake in PROS Holdings, Inc. (NYSE:PRO) by 28.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,289 shares of the software maker’s stock after purchasing an additional 3,148 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in PROS were worth $314,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PRO. Point72 Asia Singapore Pte. Ltd. purchased a new position in PROS in the second quarter valued at $29,000. Quarry LP purchased a new stake in PROS during the 2nd quarter worth about $38,000. Intech Investment Management LLC purchased a new stake in PROS during the 3rd quarter worth about $204,000. Oppenheimer Asset Management Inc. increased its position 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 worth $221,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Quadrature Capital Ltd increased its position in shares of PROS by 19.3% during the third quarter. Quadrature Capital Ltd now owns 12,589 shares of the software maker’s stock worth $233,000 after purchasing an additional 2,034 shares in the last quarter. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

PROS Trading Up 6.2 %

Shares of NYSE PRO opened at $23.74 on Wednesday. PROS Holdings, Inc. has a 12-month low of $16.64 and a 12-month high of $38.71. The company has a market cap of $1.12 billion, a P/E ratio of -38.28 and a beta of 1.21. The stock has a fifty day moving average price of $22.92 and a 200 day moving average price of $21.25.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PRO shares. Northland Securities restated an “outperform” rating and issued a $38.00 price target (down previously from $40.00) on shares of PROS in a research report on Wednesday, October 30th. Oppenheimer lowered PROS from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 16th. Craig Hallum raised PROS from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Wednesday, October 30th. Needham & Company LLC reduced their target price on PROS from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Finally, Robert W. Baird increased their price target on PROS from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, PROS currently has a consensus rating of “Moderate 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.