DF Dent & Co. Inc. Sells 19,202 Shares of PROS Holdings, Inc. (PRO)

DF Dent & Co. Inc. decreased its holdings in PROS Holdings, Inc. (NYSE:PRO) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,317,471 shares of the software maker’s stock after selling 19,202 shares during the quarter. PROS Holdings accounts for approximately 1.7% of DF Dent & Co. Inc.’s holdings, making the stock its 28th biggest holding. DF Dent & Co. Inc. owned 7.29% of PROS Holdings worth $63,476,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company raised its stake in shares of PROS Holdings by 4.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,852 shares of the software maker’s stock valued at $571,000 after buying an additional 901 shares in the last quarter. Daruma Capital Management LLC raised its stake in shares of PROS Holdings by 2,559.7% in the 2nd quarter. Daruma Capital Management LLC now owns 1,415,984 shares of the software maker’s stock valued at $38,784,000 after buying an additional 1,362,746 shares in the last quarter. State Street Corp raised its stake in shares of PROS Holdings by 7.2% in the 2nd quarter. State Street Corp now owns 501,860 shares of the software maker’s stock valued at $13,750,000 after buying an additional 33,554 shares in the last quarter. ETF Managers Group LLC acquired a new position in shares of PROS Holdings in the 2nd quarter valued at $110,000. Finally, Fred Alger Management Inc. raised its stake in shares of PROS Holdings by 30.2% in the 2nd quarter. Fred Alger Management Inc. now owns 280,231 shares of the software maker’s stock valued at $7,676,000 after buying an additional 65,040 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

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Shares of PROS Holdings, Inc. (NYSE PRO) traded up 1.18% during midday trading on Tuesday, hitting $24.77. 71,183 shares of the company were exchanged. PROS Holdings, Inc. has a one year low of $20.34 and a one year high of $30.49. The company’s market capitalization is $787.39 million. The company has a 50-day moving average of $24.86 and a 200 day moving average of $26.17.

PROS Holdings (NYSE:PRO) last posted its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.35) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.39) by $0.04. The business had revenue of $40.40 million during the quarter, compared to the consensus estimate of $39.48 million. PROS Holdings had a negative return on equity of 2,114.05% and a negative net margin of 46.55%. PROS Holdings’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.26) earnings per share. On average, equities research analysts expect that PROS Holdings, Inc. will post ($0.87) earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on PRO. Stifel Nicolaus restated a “hold” rating and issued a $28.00 price objective on shares of PROS Holdings in a research note on Sunday. Pacific Crest increased their price objective on shares of PROS Holdings from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, June 29th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $31.60.

In related news, Director Ronald F. Woestemeyer sold 50,000 shares of the business’s stock in a transaction dated Thursday, August 24th. The stock was 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 Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andres Reiner sold 8,175 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $26.12, for a total value of $213,531.00. Following the completion of the transaction, the chief executive officer now directly owns 415,815 shares of the company’s stock, valued at approximately $10,861,087.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 86,350 shares of company stock valued at $2,296,808. 17.20% of the stock is owned by insiders.

About PROS Holdings

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.

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

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