DF Dent & Co. Inc. raised its holdings in PROS Holdings, Inc. (NYSE:PRO) by 7.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,905,073 shares of the software maker’s stock after acquiring an additional 202,273 shares during the period. PROS makes up 1.9% of DF Dent & Co. Inc.’s investment portfolio, making the stock its 26th largest position. DF Dent & Co. Inc. owned about 9.10% of PROS worth $76,839,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Teacher Retirement System of Texas purchased a new position in shares of PROS during the 4th quarter valued at about $250,000. MetLife Investment Advisors LLC purchased a new position in shares of PROS during the 4th quarter valued at about $287,000. GSA Capital Partners LLP purchased a new position in shares of PROS during the 3rd quarter valued at about $303,000. Comerica Bank purchased a new position in shares of PROS during the 3rd quarter valued at about $360,000. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of PROS by 4.5% during 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. 98.14% of the stock is currently owned by institutional investors.
PROS stock opened at $33.28 on Monday. The company has a debt-to-equity ratio of -4.54, a quick ratio of 1.98 and a current ratio of 1.98. PROS Holdings, Inc. has a 1-year low of $21.36 and a 1-year high of $34.85.
In related news, Director Ronald F. Woestemeyer sold 250,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $31.00, for a total transaction of $7,750,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andres Reiner sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $32.99, for a total value of $494,850.00. Following the transaction, the chief executive officer now owns 470,074 shares in the company, valued at $15,507,741.26. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 535,000 shares of company stock worth $16,610,450. 18.90% of the stock is owned by corporate insiders.
PRO has been the topic of a number of research reports. Zacks Investment Research cut PROS from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Needham & Company LLC raised PROS from a “buy” rating to a “strong-buy” rating and set a $35.00 price objective on the stock in a report on Monday, December 11th. Finally, DA Davidson initiated coverage on PROS in a report on Friday, February 2nd. They set a “neutral” rating and a $28.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $31.83.
PROS Company Profile
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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