Deutsche Bank AG Reduces Holdings in PROS (PRO)

Deutsche Bank AG trimmed its holdings in shares of PROS (NYSE:PRO) by 89.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 264,829 shares of the software maker’s stock after selling 2,317,158 shares during the period. Deutsche Bank AG owned 0.83% of PROS worth $7,003,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. New York State Common Retirement Fund grew its position in shares of PROS by 1.6% during the third quarter. New York State Common Retirement Fund now owns 867,246 shares of the software maker’s stock worth $20,927,000 after acquiring an additional 14,051 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of PROS during the third quarter worth about $3,402,000. Wells Fargo & Company MN grew its position in shares of PROS by 55.1% during the third quarter. Wells Fargo & Company MN now owns 30,857 shares of the software maker’s stock worth $745,000 after acquiring an additional 10,967 shares during the last quarter. Stifel Financial Corp grew its position in shares of PROS by 40.5% during the third quarter. Stifel Financial Corp now owns 27,273 shares of the software maker’s stock worth $658,000 after acquiring an additional 7,855 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of PROS by 9.5% during the third quarter. Envestnet Asset Management Inc. now owns 30,287 shares of the software maker’s stock worth $732,000 after acquiring an additional 2,637 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors.

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PRO has been the subject of several recent research reports. ValuEngine upgraded shares of PROS from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Zacks Investment Research lowered shares of PROS from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. DA Davidson initiated coverage on shares of PROS in a research report on Friday, February 2nd. They set a “neutral” rating and a $28.00 price target for the company. Finally, Needham & Company LLC upped their price target on shares of PROS to $40.00 and gave the stock a “strong-buy” rating in a research report on Monday, March 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. PROS has an average rating of “Buy” and a consensus price target of $31.83.

PROS stock opened at $32.05 on Friday. The stock has a market cap of $1,043.80, a PE ratio of -20.95 and a beta of 1.20. The company has a debt-to-equity ratio of -4.54, a current ratio of 1.98 and a quick ratio of 1.98. PROS has a one year low of $21.36 and a one year high of $34.91.

PROS (NYSE:PRO) last announced its earnings results on Tuesday, February 6th. The software maker reported ($0.13) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.05. The company had revenue of $46.34 million during the quarter, compared to the consensus estimate of $44.68 million. The business’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.21) EPS. equities research analysts predict that PROS will post -1.27 EPS for the current year.

In related news, CEO Andres Reiner sold 20,000 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $30.78, for a total value of $615,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mariette M. Woestemeyer sold 250,000 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $31.00, for a total transaction of $7,750,000.00. The disclosure for this sale can be found here. Insiders sold a total of 535,000 shares of company stock valued at $16,610,450 in the last quarter. 18.90% of the stock is currently owned by insiders.

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About PROS

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.

Institutional Ownership by Quarter for PROS (NYSE:PRO)

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