Dynamic Technology Lab Private Ltd Trims Position in PROS Holdings, Inc. (NYSE:PRO)

Dynamic Technology Lab Private Ltd trimmed its position in PROS Holdings, Inc. (NYSE:PRO) by 12.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 19,780 shares of the software maker’s stock after selling 2,764 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in PROS were worth $434,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in PROS by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 359,543 shares of the software maker’s stock worth $6,659,000 after purchasing an additional 4,832 shares in the last quarter. Verition Fund Management LLC purchased a new stake in PROS in the third quarter valued at approximately $631,000. Point72 Asset Management L.P. lifted its position in PROS by 262.2% during the third 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 last quarter. Quadrature Capital Ltd grew its stake in PROS by 19.3% in the 3rd quarter. Quadrature Capital Ltd now owns 12,589 shares of the software maker’s stock worth $233,000 after buying an additional 2,034 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of PROS by 2.9% in the 3rd quarter. State Street Corp now owns 1,167,706 shares of the software maker’s stock worth $21,626,000 after buying an additional 33,176 shares during the last quarter. 94.27% of the stock is currently owned by institutional investors.

PROS Stock Performance

Shares of PROS stock opened at $15.20 on Wednesday. PROS Holdings, Inc. has a 52-week low of $14.36 and a 52-week high of $38.31. The company’s 50 day moving average price is $22.71 and its 200-day moving average price is $22.00. The stock has a market capitalization of $726.71 million, a price-to-earnings ratio of -34.55 and a beta of 1.04.

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PRO. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 price objective on shares of PROS in a report on Friday, February 7th. Stifel Nicolaus upped their price objective on PROS from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Robert W. Baird decreased their price objective on PROS from $30.00 to $27.00 and set an “outperform” rating on the stock in a report on Tuesday. Oppenheimer lowered PROS from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 16th. Finally, KeyCorp lifted their price target on shares of PROS from $28.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. 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 MarketBeat.com, PROS currently has an average rating of “Moderate Buy” and an average price target of $31.63.

Insider Buying and Selling

In other news, CAO Scott William Cook sold 5,000 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $29.84, for a total value of $149,200.00. Following the completion of the sale, the chief accounting officer now directly owns 59,159 shares of the company’s stock, valued at approximately $1,765,304.56. This trade represents a 7.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.70% of the stock is currently owned by insiders.

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.