Los Angeles Capital Management LLC Takes Position in PROS Holdings, Inc. (NYSE:PRO)

Los Angeles Capital Management LLC bought a new stake in shares of PROS Holdings, Inc. (NYSE:PRO) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 22,651 shares of the software maker’s stock, valued at approximately $497,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PRO. Jacobs Levy Equity Management Inc. bought a new position in PROS during the third quarter worth about $17,921,000. Tensile Capital Management LP lifted its position in shares of PROS by 373.4% during the 3rd quarter. Tensile Capital Management LP now owns 1,161,301 shares of the software maker’s stock worth $21,507,000 after buying an additional 915,990 shares during the period. Algert Global LLC bought a new position in shares of PROS during the 3rd quarter worth approximately $6,713,000. JPMorgan Chase & Co. grew its position in PROS by 570.6% in the third quarter. JPMorgan Chase & Co. now owns 397,424 shares of the software maker’s stock valued at $7,360,000 after acquiring an additional 338,158 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in PROS by 3,489.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 268,362 shares of the software maker’s stock valued at $4,970,000 after acquiring an additional 260,886 shares during the period. Institutional investors own 94.27% of the company’s stock.

Insider Buying and Selling at PROS

In other PROS news, CAO Scott William Cook sold 5,000 shares of PROS stock in a transaction on Friday, February 7th. The shares were sold at an average price of $29.84, for a total transaction of $149,200.00. Following the completion of the sale, the chief accounting officer now owns 59,159 shares of the company’s stock, valued at approximately $1,765,304.56. The trade was a 7.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.70% of the company’s stock.

PROS Price Performance

PRO opened at $23.81 on Tuesday. The company’s 50 day simple moving average is $24.00 and its 200-day simple moving average is $21.71. PROS Holdings, Inc. has a one year low of $16.64 and a one year high of $38.71. The stock has a market capitalization of $1.13 billion, a P/E ratio of -54.11 and a beta of 1.22.

PROS (NYSE:PRO) last released its earnings results on Thursday, February 6th. The software maker reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.15). As a group, analysts anticipate that PROS Holdings, Inc. will post -0.2 EPS for the current year.

Wall Street Analyst Weigh In

PRO has been the topic of several recent analyst reports. StockNews.com upgraded shares of PROS from a “hold” rating to a “buy” rating in a research note on Saturday, November 16th. Oppenheimer lowered shares of PROS from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 price objective on shares of PROS in a report on Friday, February 7th. Robert W. Baird boosted their target price on PROS from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, Stifel Nicolaus raised their price target on PROS from $26.00 to $30.00 and gave the company a “buy” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

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.