Principal Financial Group Inc. Decreases Stock Holdings in PROS Holdings, Inc. (NYSE:PRO)

Principal Financial Group Inc. reduced its position in shares of PROS Holdings, Inc. (NYSE:PRO) by 25.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,392 shares of the software maker’s stock after selling 2,195 shares during the period. Principal Financial Group Inc.’s holdings in PROS were worth $291,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PRO. First Trust Advisors LP lifted its position in shares of PROS by 70.3% during the first quarter. First Trust Advisors LP now owns 72,766 shares of the software maker’s stock worth $3,074,000 after purchasing an additional 30,043 shares in the last quarter. BlackRock Inc. lifted its position in shares of PROS by 1.7% during the first quarter. BlackRock Inc. now owns 3,597,246 shares of the software maker’s stock worth $152,883,000 after purchasing an additional 61,616 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of PROS by 3.5% during the first quarter. HighTower Advisors LLC now owns 10,096 shares of the software maker’s stock worth $439,000 after purchasing an additional 341 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of PROS during the first quarter worth $92,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of PROS during the first quarter worth $501,000.

PRO opened at $33.56 on Thursday. The stock has a market capitalization of $1.49 billion, a PE ratio of -18.96 and a beta of 1.68. The firm’s fifty day moving average price is $39.49 and its 200 day moving average price is $42.59. The company has a debt-to-equity ratio of 11.18, a current ratio of 2.53 and a quick ratio of 2.53. PROS Holdings, Inc. has a 12-month low of $24.55 and a 12-month high of $51.83.

PROS (NYSE:PRO) last posted its quarterly earnings results on Tuesday, August 3rd. The software maker reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.38) by $0.24. The firm had revenue of $62.40 million for the quarter, compared to analysts’ expectations of $61.62 million. PROS had a negative net margin of 31.33% and a negative return on equity of 76.80%. On average, equities research analysts forecast that PROS Holdings, Inc. will post -1.49 earnings per share for the current fiscal year.

PROS Company Profile

PROS Holdings, Inc engages in the provision of solutions that optimize the processes of selling and shopping in the digital economy. Its solutions selling, pricing, and revenue management leverage artificial intelligence (AI), self-learning and automation to ensure that every transactional experience is fast, frictionless and personalized for every shopper, supporting both business-to-business (B2B) and business-to-consumer (B2C) companies across industry verticals.

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Institutional Ownership by Quarter for PROS (NYSE:PRO)

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