Menta Capital LLC boosted its stake in PROS Holdings, Inc. (NYSE:PRO) by 606.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,898 shares of the software maker’s stock after purchasing an additional 66,876 shares during the quarter. Menta Capital LLC owned about 0.25% of PROS Holdings worth $2,134,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in PRO. Bank of Montreal Can lifted its stake in PROS Holdings by 1.4% in the 2nd quarter. Bank of Montreal Can now owns 4,414 shares of the software maker’s stock worth $121,000 after purchasing an additional 59 shares in the last quarter. Legal & General Group Plc lifted its stake in PROS Holdings by 3.3% in the 2nd quarter. Legal & General Group Plc now owns 6,308 shares of the software maker’s stock worth $172,000 after purchasing an additional 199 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new stake in PROS Holdings in the 2nd quarter worth $359,000. American International Group Inc. lifted its stake in PROS Holdings by 7.0% in the 1st quarter. American International Group Inc. now owns 15,507 shares of the software maker’s stock worth $375,000 after purchasing an additional 1,021 shares in the last quarter. Finally, Trexquant Investment LP purchased a new stake in PROS Holdings in the 1st quarter worth $405,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

In other news, Director Ronald F. Woestemeyer sold 50,000 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $25.51, for a total value of $1,275,500.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Andres Reiner sold 8,175 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $26.12, for a total transaction of $213,531.00. Following the completion of the transaction, the chief executive officer now directly owns 415,815 shares in the company, valued at $10,861,087.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 114,525 shares of company stock worth $3,071,057. Insiders own 18.90% of the company’s stock.

Shares of PROS Holdings, Inc. (NYSE:PRO) opened at 23.33 on Thursday. The stock’s 50 day moving average is $26.01 and its 200 day moving average is $26.02. The stock’s market capitalization is $741.61 million. PROS Holdings, Inc. has a 12 month low of $20.34 and a 12 month high of $30.49.

PROS Holdings (NYSE:PRO) last posted its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.35) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.39) by $0.04. The firm had revenue of $40.40 million for the quarter, compared to the consensus estimate of $39.48 million. PROS Holdings had a negative net margin of 46.55% and a negative return on equity of 2,114.05%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the firm posted ($0.26) earnings per share. Analysts anticipate that PROS Holdings, Inc. will post ($0.87) earnings per share for the current fiscal year.

Several analysts have commented on the stock. ValuEngine upgraded shares of PROS Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Pacific Crest boosted their price target on shares of PROS Holdings from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, June 29th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $31.20.

TRADEMARK VIOLATION NOTICE: This news story was posted by Daily Political and is the sole property of of Daily Political. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.dailypolitical.com/2017/09/21/pros-holdings-inc-pro-shares-bought-by-menta-capital-llc.html.

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.

Want to see what other hedge funds are holding PRO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PROS Holdings, Inc. (NYSE:PRO).

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

Receive News & Ratings for PROS Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PROS Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.