DF Dent & Co. Inc. trimmed its holdings in PROS Holdings, Inc. (NYSE:PRO) by 6.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,692,241 shares of the software maker’s stock after selling 196,585 shares during the quarter. PROS comprises 2.0% of DF Dent & Co. Inc.’s portfolio, making the stock its 24th biggest holding. DF Dent & Co. Inc. owned about 7.25% of PROS worth $94,282,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in PRO. Point72 Hong Kong Ltd bought a new position in shares of PROS in the third quarter valued at about $114,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of PROS in the third quarter valued at about $200,000. Teacher Retirement System of Texas bought a new position in shares of PROS in the second quarter valued at about $203,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of PROS in the third quarter valued at about $206,000. Finally, Monashee Investment Management LLC bought a new position in shares of PROS in the third quarter valued at about $218,000. 99.41% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:PRO opened at $30.70 on Friday. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of -20.07 and a beta of 1.18. PROS Holdings, Inc. has a 1-year low of $25.84 and a 1-year high of $41.10. The company has a debt-to-equity ratio of 3.53, a current ratio of 2.63 and a quick ratio of 2.63.
PRO has been the subject of several recent research reports. Royal Bank of Canada initiated coverage on PROS in a report on Tuesday, October 16th. They set an “outperform” rating and a $38.00 price objective for the company. Nomura dropped their price objective on PROS from $45.00 to $44.00 and set a “buy” rating for the company in a report on Friday, October 26th. Finally, Zacks Investment Research raised PROS from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective for the company in a report on Friday, November 2nd. 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. The company presently has a consensus rating of “Buy” and a consensus target price of $41.50.
In other news, CEO Andres Reiner sold 10,000 shares of the company’s stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $31.37, for a total value of $313,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas Dziersk sold 2,000 shares of the company’s stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $31.71, for a total value of $63,420.00. Following the completion of the sale, the executive vice president now directly owns 7,077 shares of the company’s stock, valued at $224,411.67. The disclosure for this sale can be found here. Insiders have sold a total of 22,000 shares of company stock valued at $699,220 over the last three months. Company insiders own 15.40% of the company’s stock.
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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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