Janus Capital Management LLC Increases Stake in PROS Holdings, Inc. (PRO)
Janus Capital Management LLC increased its position in PROS Holdings, Inc. (NYSE:PRO) by 0.0% during the first quarter, Holdings Channel reports. The institutional investor owned 816,006 shares of the software maker’s stock after buying an additional 36 shares during the period. Janus Capital Management LLC’s holdings in PROS Holdings were worth $19,739,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Menta Capital LLC bought a new position in PROS Holdings during the first quarter worth $267,000. American International Group Inc. increased its position in PROS Holdings by 7.0% in the first quarter. American International Group Inc. now owns 15,507 shares of the software maker’s stock worth $375,000 after buying an additional 1,021 shares in the last quarter. Trexquant Investment LP bought a new position in PROS Holdings during the first quarter worth $405,000. Stifel Financial Corp increased its position in PROS Holdings by 21.3% in the first quarter. Stifel Financial Corp now owns 18,745 shares of the software maker’s stock worth $454,000 after buying an additional 3,288 shares in the last quarter. Finally, MARSHALL WACE ASIA Ltd bought a new position in PROS Holdings during the first quarter worth $484,000. 89.48% of the stock is currently owned by institutional investors.
Shares of PROS Holdings, Inc. (PRO) opened at 28.35 on Friday. The stock’s market cap is $891.15 million. PROS Holdings, Inc. has a 1-year low of $16.25 and a 1-year high of $30.49. The company’s 50-day moving average is $27.80 and its 200 day moving average is $24.11.
PROS Holdings (NYSE:PRO) last issued its quarterly earnings data on Tuesday, May 2nd. The software maker reported ($0.34) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.42) by $0.08. PROS Holdings had a negative net margin of 48.21% and a negative return on equity of 2,114.05%. The business had revenue of $40.13 million during the quarter, compared to analysts’ expectations of $38.60 million. Equities research analysts anticipate that PROS Holdings, Inc. will post ($0.88) EPS for the current year.
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A number of brokerages have recently commented on PRO. Deutsche Bank AG raised their target price on shares of PROS Holdings to $35.00 and gave the company a “buy” rating in a research note on Wednesday, May 3rd. Stifel Nicolaus raised their target price on shares of PROS Holdings from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, May 3rd. Zacks Investment Research raised shares of PROS Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, April 11th. ValuEngine raised shares of PROS Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Pacific Crest raised their target price on shares of PROS Holdings from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, June 29th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $31.20.
In related news, Director Leslie J. Rechan bought 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The stock was purchased at an average cost of $25.54 per share, for a total transaction of $102,160.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Andres Reiner sold 28,175 shares of the company’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $29.48, for a total transaction of $830,599.00. Following the transaction, the chief executive officer now owns 439,490 shares of the company’s stock, valued at $12,956,165.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 153,572 shares of company stock valued at $4,022,499. Corporate insiders own 18.90% of the company’s stock.
PROS Holdings Company Profile
PROS Holdings, Inc (PROS) is a provider of revenue and profit realization solutions. The Company provides its solutions to enterprises across the manufacturing, distribution, services, and travel industries, including automotive and industrial, business-to-business (B2B) services, cargo, chemicals and energy, consumer goods, insurance, food and beverage, healthcare, high tech and travel.
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