Rockefeller Capital Management L.P. Grows Stock Position in PROS Holdings, Inc. (NYSE:PRO)

Rockefeller Capital Management L.P. boosted its position in shares of PROS Holdings, Inc. (NYSE:PRO) by 2.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,727,026 shares of the software maker’s stock after buying an additional 39,846 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in PROS were worth $32,008,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of PRO. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of PROS by 3,489.6% during the 3rd 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 position in shares of 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 buying an additional 166,301 shares during the period. Squarepoint Ops LLC grew its stake in shares of PROS by 42.3% during the second quarter. Squarepoint Ops LLC now owns 237,637 shares of the software maker’s stock valued at $6,808,000 after buying an additional 70,587 shares during the last quarter. Algert Global LLC purchased a new stake in shares of PROS in the third quarter worth approximately $6,713,000. Finally, K2 Principal Fund L.P. lifted its stake in shares of PROS by 213.0% during the 2nd quarter. K2 Principal Fund L.P. now owns 52,518 shares of the software maker’s stock worth $1,505,000 after acquiring an additional 35,739 shares during the last quarter. Institutional investors own 94.27% of the company’s stock.

PROS Stock Down 0.4 %

Shares of NYSE:PRO opened at $23.17 on Friday. The firm has a 50 day moving average of $20.38 and a 200 day moving average of $22.94. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of -37.37 and a beta of 1.20. PROS Holdings, Inc. has a 52 week low of $16.64 and a 52 week high of $40.99.

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

Analyst Upgrades and Downgrades

PRO has been the topic of several research analyst reports. Oppenheimer cut their price objective on PROS from $31.00 to $27.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. StockNews.com upgraded shares of PROS from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. Needham & Company LLC decreased their price objective on shares of PROS from $40.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. KeyCorp lowered their price objective on shares of PROS from $36.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Finally, Robert W. Baird reduced their target price on shares of PROS from $35.00 to $28.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $31.63.

PROS 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.