US Bancorp DE trimmed its position in shares of PROS Holdings, Inc. (NYSE:PRO) by 4.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,766 shares of the software maker’s stock after selling 2,104 shares during the period. US Bancorp DE owned approximately 0.12% of PROS worth $1,532,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Teacher Retirement System of Texas bought a new stake in shares of PROS in the 2nd quarter valued at approximately $203,000. Xact Kapitalforvaltning AB acquired a new position in shares of PROS in the 2nd quarter worth approximately $205,000. Cubist Systematic Strategies LLC acquired a new position in PROS during the 2nd quarter worth $278,000. Metropolitan Life Insurance Co. NY lifted its holdings in PROS by 18.2% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 9,038 shares of the software maker’s stock worth $331,000 after buying an additional 1,392 shares in the last quarter. Finally, MetLife Investment Advisors LLC lifted its holdings in PROS by 19.2% during the 2nd quarter. MetLife Investment Advisors LLC now owns 12,910 shares of the software maker’s stock worth $472,000 after buying an additional 2,078 shares in the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Shares of PROS stock opened at $28.68 on Tuesday. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of -18.75 and a beta of 1.21. PROS Holdings, Inc. has a 52 week low of $23.67 and a 52 week high of $41.10. The company has a debt-to-equity ratio of 3.53, a current ratio of 2.63 and a quick ratio of 2.63.

PROS (NYSE:PRO) last issued its earnings results on Thursday, October 25th. The software maker reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.06. The business had revenue of $49.08 million for the quarter, compared to the consensus estimate of $47.94 million. As a group, sell-side analysts forecast that PROS Holdings, Inc. will post -1.19 EPS for the current year.

In other PROS news, CEO Andres Reiner sold 10,000 shares of the company’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $39.03, for a total transaction of $390,300.00. Following the completion of the sale, the chief executive officer now owns 445,399 shares in the company, valued at approximately $17,383,922.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 30,000 shares of company stock valued at $1,026,100 in the last quarter. Corporate insiders own 15.40% of the company’s stock.

PRO has been the topic of several research reports. KeyCorp reaffirmed a “buy” rating and set a $45.00 price objective on shares of PROS in a report on Friday, July 27th. Northland Securities reaffirmed a “buy” rating and set a $45.00 price objective on shares of PROS in a report on Friday, July 27th. Nomura reduced their price objective on PROS from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, October 26th. Royal Bank of Canada initiated coverage on PROS in a report on Tuesday, October 16th. They set an “outperform” rating and a $38.00 price objective on the stock. Finally, JPMorgan Chase & Co. upped their price objective on PROS from $38.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday, July 27th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the stock. PROS presently has an average rating of “Buy” and an average target price of $41.50.

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PROS Profile

PROS Holdings, Inc, a cloud software company, provides solutions for companies to price, configure, and sell their products and services to their customers. The company offers SellingPRO solutions, which include configuration, quoting, and e-commerce capabilities with data science; and PricingPRO solutions that deliver insight into pricing practices and provides pricing recommendations, as well as enhances control over pricing execution.

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Institutional Ownership by Quarter for PROS (NYSE:PRO)

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