Charles Schwab Investment Management Inc. Buys 80,924 Shares of PROS Holdings, Inc. (NYSE:PRO)

Charles Schwab Investment Management Inc. lifted its stake in PROS Holdings, Inc. (NYSE:PRO) by 22.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 440,467 shares of the software maker’s stock after acquiring an additional 80,924 shares during the period. Charles Schwab Investment Management Inc.’s holdings in PROS were worth $9,673,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. US Bancorp DE boosted its holdings in shares of PROS by 11.1% in the fourth quarter. US Bancorp DE now owns 18,500 shares of the software maker’s stock worth $406,000 after acquiring an additional 1,841 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in shares of PROS by 17.0% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 13,940 shares of the software maker’s stock worth $306,000 after acquiring an additional 2,023 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of PROS in the fourth quarter worth $497,000. Y Intercept Hong Kong Ltd boosted its holdings in shares of PROS by 6.0% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 39,706 shares of the software maker’s stock worth $872,000 after acquiring an additional 2,254 shares during the period. Finally, Rice Hall James & Associates LLC boosted its holdings in shares of PROS by 18.5% in the fourth quarter. Rice Hall James & Associates LLC now owns 263,193 shares of the software maker’s stock worth $5,780,000 after acquiring an additional 41,111 shares during the period. 94.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on PRO. Robert W. Baird lifted their price objective on PROS from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. KeyCorp lifted their price objective on PROS from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Stifel Nicolaus lifted their price objective on PROS from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Needham & Company LLC reissued a “buy” rating and set a $30.00 price objective on shares of PROS in a research note on Friday, February 7th. Finally, Oppenheimer lowered PROS from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 16th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, PROS has a consensus rating of “Moderate Buy” and an average price target of $32.00.

PROS Stock Down 0.4 %

Shares of PRO stock opened at $20.59 on Friday. The business has a 50-day moving average price of $23.92 and a two-hundred day moving average price of $21.94. PROS Holdings, Inc. has a 12-month low of $16.64 and a 12-month high of $38.71. The firm has a market cap of $979.43 million, a P/E ratio of -46.80 and a beta of 1.14.

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

Insiders Place Their Bets

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

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.