Primecap Management Co. CA Has $94.08 Million Position in PROS Holdings, Inc. (PRO)

Primecap Management Co. CA increased its position in shares of PROS Holdings, Inc. (NYSE:PRO) by 40.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,686,400 shares of the software maker’s stock after purchasing an additional 775,909 shares during the period. Primecap Management Co. CA owned approximately 0.07% of PROS worth $94,078,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PRO. Metropolitan Life Insurance Co. NY increased its holdings in PROS by 18.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 9,038 shares of the software maker’s stock valued at $331,000 after buying an additional 1,392 shares in the last quarter. Engineers Gate Manager LP increased its holdings in PROS by 6.3% in the third quarter. Engineers Gate Manager LP now owns 26,644 shares of the software maker’s stock valued at $933,000 after buying an additional 1,582 shares in the last quarter. MetLife Investment Advisors LLC increased its holdings in PROS by 19.2% in the second quarter. MetLife Investment Advisors LLC now owns 12,910 shares of the software maker’s stock valued at $472,000 after buying an additional 2,078 shares in the last quarter. Rhumbline Advisers increased its holdings in PROS by 8.9% in the second quarter. Rhumbline Advisers now owns 26,847 shares of the software maker’s stock valued at $982,000 after buying an additional 2,187 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in PROS by 0.3% in the third quarter. Rockefeller Capital Management L.P. now owns 875,426 shares of the software maker’s stock valued at $30,657,000 after buying an additional 2,345 shares in the last quarter. 94.38% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on PRO. Nomura dropped their target price on shares of PROS from $45.00 to $44.00 and set a “buy” rating for the company in a report on Friday, October 26th. Zacks Investment Research raised shares of PROS from a “hold” rating to a “strong-buy” rating and set a $38.00 target price for the company in a report on Friday, November 2nd. Finally, Royal Bank of Canada began coverage on shares of PROS in a report on Tuesday, October 16th. They issued an “outperform” rating and a $38.00 target price for the company. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the company’s stock. PROS currently has an average rating of “Buy” and an average price target of $41.50.

In other news, CEO Andres Reiner sold 10,000 shares of the stock in a transaction that occurred on Tuesday, October 16th. The shares were sold at an average price of $32.21, for a total value of $322,100.00. Following the sale, the chief executive officer now directly owns 435,399 shares in the company, valued at $14,024,201.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 30,000 shares of company stock worth $1,026,100 over the last quarter. Company insiders own 15.40% of the company’s stock.

Shares of PROS stock opened at $32.17 on Friday. PROS Holdings, Inc. has a 12-month low of $23.67 and a 12-month high of $41.10. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 3.53.

PROS (NYSE:PRO) last issued its earnings results on Thursday, October 25th. The software maker reported ($0.13) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.06. The company had revenue of $49.08 million during the quarter, compared to analysts’ expectations of $47.94 million. Research analysts anticipate that PROS Holdings, Inc. will post -1.19 EPS for the current fiscal year.

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PROS Company 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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