30,831 Shares in PROS Holdings, Inc. (NYSE:PRO) Purchased by XTX Topco Ltd

XTX Topco Ltd acquired a new position in shares of PROS Holdings, Inc. (NYSE:PRO) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 30,831 shares of the software maker’s stock, valued at approximately $571,000.

Several other large investors have also recently made changes to their positions in the stock. Jacobs Levy Equity Management Inc. purchased a new position in shares of PROS in the 3rd quarter valued at $17,921,000. Tensile Capital Management LP raised its holdings in PROS by 373.4% during the third quarter. Tensile Capital Management LP now owns 1,161,301 shares of the software maker’s stock worth $21,507,000 after purchasing an additional 915,990 shares during the last quarter. Fred Alger Management LLC grew its position in shares of PROS by 14.7% in the second 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 during the last quarter. Algert Global LLC acquired a new position in shares of PROS in the third quarter valued at approximately $6,713,000. Finally, Assenagon Asset Management S.A. boosted its stake in PROS by 218.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 418,023 shares of the software maker’s stock worth $7,742,000 after buying an additional 286,825 shares during the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PRO. Craig Hallum raised PROS from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Wednesday, October 30th. Robert W. Baird increased their price target on PROS from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. StockNews.com upgraded shares of PROS from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. Oppenheimer reduced their price target on shares of PROS from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, KeyCorp lowered their price target on PROS from $36.00 to $28.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $31.88.

PROS Price Performance

Shares of PROS stock opened at $23.48 on Friday. The stock has a 50-day simple moving average of $21.54 and a 200-day simple moving average of $22.45. PROS Holdings, Inc. has a 52-week low of $16.64 and a 52-week high of $40.99. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of -37.87 and a beta of 1.21.

PROS (NYSE:PRO) last released its quarterly earnings results 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 business had revenue of $82.70 million for the quarter, compared to the consensus estimate of $82.32 million. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.17) EPS. As a group, equities research analysts predict that PROS Holdings, Inc. will post -0.29 earnings per share for the current year.

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.