PROS Holdings, Inc. (NYSE:PRO) Shares Bought by Quest Partners LLC

Quest Partners LLC raised its position in shares of PROS Holdings, Inc. (NYSE:PRO) by 183,446.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,861 shares of the software maker’s stock after acquiring an additional 23,848 shares during the quarter. Quest Partners LLC owned approximately 0.05% of PROS worth $684,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PRO. Norges Bank acquired a new position in PROS in the 4th quarter valued at $12,436,000. Brown Advisory Inc. grew its holdings in shares of PROS by 11.4% during the fourth quarter. Brown Advisory Inc. now owns 2,814,405 shares of the software maker’s stock worth $109,171,000 after buying an additional 287,338 shares in the last quarter. Axiom Investors LLC DE raised its position in shares of PROS by 243.0% in the fourth quarter. Axiom Investors LLC DE now owns 363,852 shares of the software maker’s stock valued at $14,114,000 after buying an additional 257,777 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of PROS by 3.0% in the first quarter. Vanguard Group Inc. now owns 4,909,642 shares of the software maker’s stock worth $178,367,000 after buying an additional 144,729 shares in the last quarter. Finally, Intrinsic Edge Capital Management LLC boosted its position in PROS by 139.3% during the fourth quarter. Intrinsic Edge Capital Management LLC now owns 166,284 shares of the software maker’s stock worth $6,450,000 after acquiring an additional 96,800 shares during the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

Analyst Ratings Changes

PRO has been the subject of a number of recent research reports. Stifel Nicolaus cut their price objective on shares of PROS from $40.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Oppenheimer cut their target price on PROS from $42.00 to $31.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Bank of America reduced their price target on PROS from $43.00 to $39.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. Robert W. Baird cut their price objective on shares of PROS from $45.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of PROS in a research note on Monday. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, PROS presently has an average rating of “Moderate Buy” and an average price target of $34.86.

PROS Price Performance

Shares of PRO opened at $16.99 on Thursday. The firm has a 50-day simple moving average of $21.60 and a two-hundred day simple moving average of $28.72. PROS Holdings, Inc. has a 1-year low of $16.64 and a 1-year high of $40.99. The stock has a market cap of $798.60 million, a PE ratio of -16.18 and a beta of 1.20.

PROS (NYSE:PRO) last announced its earnings results on Tuesday, July 30th. The software maker reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. The firm had revenue of $82.01 million during the quarter, compared to analysts’ expectations of $81.38 million. During the same period in the previous year, the firm earned ($0.24) EPS. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, sell-side analysts expect that PROS Holdings, Inc. will post -0.43 earnings per share for the current fiscal year.

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.