First Trust Advisors LP purchased a new position in PROS Holdings, Inc. (NYSE:PRO) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 42,723 shares of the software maker’s stock, valued at approximately $1,342,000. First Trust Advisors LP owned 0.12% of PROS at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Primecap Management Co. CA lifted its stake in shares of PROS by 40.6% during the 3rd quarter. Primecap Management Co. CA now owns 2,686,400 shares of the software maker’s stock worth $94,078,000 after purchasing an additional 775,909 shares during the period. BlackRock Inc. lifted its stake in shares of PROS by 19.8% during the 3rd quarter. BlackRock Inc. now owns 2,222,605 shares of the software maker’s stock worth $77,837,000 after purchasing an additional 366,708 shares during the period. Marshall Wace LLP purchased a new position in shares of PROS during the 3rd quarter worth $11,741,000. Vanguard Group Inc lifted its stake in shares of PROS by 18.5% during the 3rd quarter. Vanguard Group Inc now owns 1,586,583 shares of the software maker’s stock worth $55,562,000 after purchasing an additional 247,315 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of PROS by 18.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,586,583 shares of the software maker’s stock worth $55,562,000 after purchasing an additional 247,315 shares during the period. Institutional investors and hedge funds own 97.82% of the company’s stock.
NYSE:PRO traded up $0.66 during mid-day trading on Monday, hitting $43.59. The company had a trading volume of 321,300 shares, compared to its average volume of 244,085. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $1.62 billion, a PE ratio of -39.99 and a beta of 1.20. PROS Holdings, Inc. has a 1 year low of $28.18 and a 1 year high of $44.33.
Several research analysts recently weighed in on the company. Zacks Investment Research raised PROS from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Tuesday, February 5th. Needham & Company LLC reaffirmed a “strong-buy” rating and issued a $50.00 target price on shares of PROS in a research report on Friday, February 22nd. Two analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $42.75.
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PROS Company Profile
PROS Holdings, Inc offers artificial intelligence (AI) solutions that power commerce in the digital economy worldwide. The company's solutions enable buying experiences for business-to-business (B2B) and business-to-consumer companies. It delivers its cloud-based solutions through the Internet as a Service on a subscription basis.
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