Fox Run Management L.L.C. Has $691,000 Stake in PROS Holdings, Inc. (NYSE:PRO)

Fox Run Management L.L.C. lowered its holdings in PROS Holdings, Inc. (NYSE:PRO) by 19.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 31,444 shares of the software maker’s stock after selling 7,701 shares during the quarter. Fox Run Management L.L.C.’s holdings in PROS were worth $691,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PRO. KLP Kapitalforvaltning AS bought a new stake in shares of PROS in the fourth quarter valued at approximately $156,000. Intech Investment Management LLC bought a new stake in shares of PROS during the 3rd quarter valued at $204,000. Quadrature Capital Ltd grew its holdings in shares of PROS by 19.3% during the 3rd quarter. Quadrature Capital Ltd now owns 12,589 shares of the software maker’s stock worth $233,000 after purchasing an additional 2,034 shares in the last quarter. Natixis Advisors LLC acquired a new stake in shares of PROS during the 4th quarter worth $237,000. Finally, Paloma Partners Management Co bought a new position in shares of PROS in the third quarter worth $252,000. Institutional investors and hedge funds own 94.27% of the company’s stock.

PROS Stock Up 3.1 %

Shares of PRO opened at $21.24 on Tuesday. The stock has a market cap of $1.01 billion, a PE ratio of -48.27 and a beta of 1.14. PROS Holdings, Inc. has a 12-month low of $16.64 and a 12-month high of $38.71. The business has a 50-day simple moving average of $23.91 and a two-hundred day simple moving average of $21.98.

PROS (NYSE:PRO) last released its quarterly earnings data on Thursday, February 6th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.15). On average, equities research analysts expect that PROS Holdings, Inc. will post -0.2 EPS for the current year.

Insider Transactions at PROS

In related news, CAO Scott William Cook sold 5,000 shares of PROS stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $29.84, for a total value of $149,200.00. Following the transaction, the chief accounting officer now directly owns 59,159 shares of the company’s stock, valued at $1,765,304.56. The trade was a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. KeyCorp increased their price objective on shares of PROS from $28.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Oppenheimer cut shares of PROS from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 16th. Stifel Nicolaus upped their target price on PROS from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 price target on shares of PROS in a research note on Friday, February 7th. Finally, Robert W. Baird upped their price objective on PROS from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.00.

PROS 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.