Aigen Investment Management LP Makes New $252,000 Investment in PROS Holdings, Inc. (NYSE:PRO)

Aigen Investment Management LP purchased a new stake in shares of PROS Holdings, Inc. (NYSE:PRO) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 11,497 shares of the software maker’s stock, valued at approximately $252,000.

A number of other hedge funds also recently made changes to their positions in the business. RGM Capital LLC increased its position in PROS by 1.7% in the 3rd quarter. RGM Capital LLC now owns 3,028,677 shares of the software maker’s stock valued at $56,091,000 after acquiring an additional 50,000 shares during the period. Rockefeller Capital Management L.P. increased its holdings in shares of PROS by 2.4% during the third quarter. Rockefeller Capital Management L.P. now owns 1,727,026 shares of the software maker’s stock valued at $32,008,000 after purchasing an additional 39,846 shares during the period. State Street Corp raised its stake in shares of PROS by 2.9% during the third quarter. State Street Corp now owns 1,167,706 shares of the software maker’s stock valued at $21,626,000 after purchasing an additional 33,176 shares in the last quarter. Tensile Capital Management LP lifted its holdings in PROS by 373.4% in the third quarter. Tensile Capital Management LP now owns 1,161,301 shares of the software maker’s stock worth $21,507,000 after purchasing an additional 915,990 shares during the period. Finally, Jacobs Levy Equity Management Inc. bought a new position in PROS in the 3rd quarter valued at about $17,921,000. Institutional investors own 94.27% of the company’s stock.

PROS Stock Performance

Shares of NYSE:PRO opened at $22.83 on Monday. PROS Holdings, Inc. has a 52 week low of $16.64 and a 52 week high of $38.71. The company has a market cap of $1.09 billion, a PE ratio of -51.88 and a beta of 1.14. The firm has a 50 day simple moving average of $24.11 and a 200 day simple moving average of $21.84.

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

Insider Transactions at PROS

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. KeyCorp boosted their price target on shares of PROS from $28.00 to $31.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 price target on shares of PROS in a research note on Friday, February 7th. Robert W. Baird upped their price objective on PROS from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Stifel Nicolaus boosted their price target on shares of PROS from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Oppenheimer cut shares of PROS from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 16th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has an average 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.