TIAA CREF Investment Management LLC reduced its stake in shares of PROS Holdings, Inc. (NYSE:PRO) by 21.4% during the first quarter, Holdings Channel reports. The fund owned 65,012 shares of the software maker’s stock after selling 17,730 shares during the period. TIAA CREF Investment Management LLC’s holdings in PROS Holdings were worth $1,573,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Teachers Advisors LLC increased its position in shares of PROS Holdings by 2.8% in the first quarter. Teachers Advisors LLC now owns 42,303 shares of the software maker’s stock valued at $1,023,000 after buying an additional 1,163 shares during the last quarter. American International Group Inc. increased its position in shares of PROS Holdings by 7.0% in the first quarter. American International Group Inc. now owns 15,507 shares of the software maker’s stock valued at $375,000 after buying an additional 1,021 shares during the last quarter. Blair William & Co. IL increased its position in shares of PROS Holdings by 5.5% in the first quarter. Blair William & Co. IL now owns 32,640 shares of the software maker’s stock valued at $758,000 after buying an additional 1,700 shares during the last quarter. Stifel Financial Corp increased its position in shares of PROS Holdings by 21.3% in the first quarter. Stifel Financial Corp now owns 18,745 shares of the software maker’s stock valued at $454,000 after buying an additional 3,288 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of PROS Holdings by 3.8% in the first quarter. Envestnet Asset Management Inc. now owns 27,542 shares of the software maker’s stock valued at $665,000 after buying an additional 998 shares during the last quarter. Hedge funds and other institutional investors own 89.21% of the company’s stock.

Shares of PROS Holdings, Inc. (PRO) traded down 0.35% during midday trading on Friday, hitting $25.38. The company had a trading volume of 29,670 shares. The stock’s market capitalization is $806.78 million. The stock’s 50-day moving average price is $28.08 and its 200-day moving average price is $25.45. PROS Holdings, Inc. has a one year low of $17.80 and a one year high of $30.49.

PROS Holdings (NYSE:PRO) last posted its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.35) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.39) by $0.04. The business had revenue of $40.40 million during the quarter, compared to the consensus estimate of $39.48 million. PROS Holdings had a negative return on equity of 2,114.05% and a negative net margin of 46.55%. PROS Holdings’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.26) earnings per share. Analysts predict that PROS Holdings, Inc. will post ($0.86) EPS for the current year.

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Several brokerages have issued reports on PRO. ValuEngine upgraded PROS Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Pacific Crest lifted their target price on PROS Holdings from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, June 29th. Deutsche Bank AG lifted their target price on PROS Holdings to $35.00 and gave the company a “buy” rating in a research note on Wednesday, May 3rd. Finally, Stifel Nicolaus lifted their target price on PROS Holdings from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, May 3rd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. PROS Holdings has a consensus rating of “Buy” and an average price target of $31.20.

In related news, CEO Andres Reiner sold 28,175 shares of the stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $27.48, for a total value of $774,249.00. Following the completion of the sale, the chief executive officer now directly owns 417,715 shares in the company, valued at $11,478,808.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 84,525 shares of company stock valued at $2,412,625 over the last 90 days. 18.90% of the stock is currently owned by company insiders.

About PROS Holdings

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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Institutional Ownership by Quarter for PROS Holdings (NYSE:PRO)

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