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

Hennion & Walsh Asset Management Inc. lifted its stake in shares of PROS Holdings, Inc. (NYSE:PRO) by 28.3% during the fourth quarter, Holdings Channel.com reports. The fund 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 reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Jacobs Levy Equity Management Inc. acquired a new position in PROS in the 3rd quarter worth approximately $17,921,000. Tensile Capital Management LP raised its holdings 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 valued at $21,507,000 after purchasing an additional 915,990 shares in the last quarter. Fred Alger Management LLC raised its holdings in shares of PROS by 14.7% during the 2nd quarter. Fred Alger Management LLC now owns 2,919,116 shares of the software maker’s stock valued at $83,633,000 after purchasing an additional 373,982 shares in the last quarter. Algert Global LLC bought a new position in PROS in the 3rd quarter worth $6,713,000. Finally, JPMorgan Chase & Co. raised its holdings in PROS by 570.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 397,424 shares of the software maker’s stock worth $7,360,000 after acquiring an additional 338,158 shares during the period. Institutional investors and hedge funds own 94.27% of the company’s stock.

PROS Trading Up 6.2 %

PRO stock opened at $23.74 on Wednesday. The firm has a market cap of $1.12 billion, a PE ratio of -38.28 and a beta of 1.21. The business’s 50-day moving average price is $22.92 and its two-hundred day moving average price is $21.25. PROS Holdings, Inc. has a 1-year low of $16.64 and a 1-year high of $38.71.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PRO shares. StockNews.com upgraded shares of PROS from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. Northland Securities restated an “outperform” rating and set a $38.00 target price (down previously from $40.00) on shares of PROS in a research report on Wednesday, October 30th. Craig Hallum raised PROS from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Wednesday, October 30th. Oppenheimer cut PROS from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 16th. Finally, Needham & Company LLC lowered their target price on PROS from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $31.88.

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.