Barclays PLC Purchases 184,856 Shares of PROS Holdings, Inc. (NYSE:PRO)

Barclays PLC increased its position in PROS Holdings, Inc. (NYSE:PRO) by 345.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 238,382 shares of the software maker’s stock after purchasing an additional 184,856 shares during the quarter. Barclays PLC owned approximately 0.50% of PROS worth $4,415,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its holdings in shares of PROS by 570.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 266,132 shares of the software maker’s stock worth $4,929,000 after acquiring an additional 226,443 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in PROS by 3,489.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 268,362 shares of the software maker’s stock worth $4,970,000 after purchasing an additional 260,886 shares during the period. RGM Capital LLC boosted its holdings in PROS by 5.9% during the second quarter. RGM Capital LLC now owns 2,978,677 shares of the software maker’s stock valued at $85,339,000 after purchasing an additional 166,301 shares in the last quarter. Point72 Asset Management L.P. grew its stake in shares of PROS by 262.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 31,638 shares of the software maker’s stock valued at $586,000 after purchasing an additional 22,903 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of PROS in the 3rd quarter worth approximately $17,921,000. Institutional investors and hedge funds own 94.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on PRO shares. StockNews.com raised PROS from a “hold” rating to a “buy” rating in a research note on Saturday, November 16th. Northland Securities reiterated 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. KeyCorp reduced their price target on shares of PROS from $36.00 to $28.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Bank of America dropped their price objective on shares of PROS from $43.00 to $39.00 and set a “buy” rating for the company in a report on Tuesday, August 27th. Finally, Needham & Company LLC reduced their target price on PROS from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $31.88.

PROS Price Performance

Shares of PROS stock opened at $22.50 on Friday. The firm has a 50 day simple moving average of $22.05 and a 200 day simple moving average of $22.21. PROS Holdings, Inc. has a fifty-two week low of $16.64 and a fifty-two week high of $40.16. The firm has a market cap of $1.06 billion, a P/E ratio of -36.29 and a beta of 1.21.

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