You may have noticed that shares of Procera (PKT) stock fell by 5% today. Don’t worry, there’s no reason for concern about the company’s health or future outlook.

The decrease in price is most likely due to Procera’s notification to the SEC that it intends to sell approximately 4.5 million shares of stock at $0.40 per share to raise cash in order to fill current orders. They total $1.8 million and will not be eligible for free trading for six months.

Procera is a software company in the business of helping ISPs (internet service providers) save money by routing their traffice more efficiently based on importance.

It will place the $1.8 million in convertible promissory notes, and expects to realize net proceeds of approximately $4 million after the completion of the sale and notes conversion.

Most likely, the share prices will roll right back up boosted by the fact that three global tier one service providers have purchased its PacketLogic systems in the first quarter of 2009. This could easily put $28 million in revenue in PKT’s pocket and earn $0.5 per share in 2009.

Despite today’s move, with Procera trading at $0.87, those who took our suggestion to buy back on April 20 are still sitting on gains of nearly 9%.

Jackson Spears, analyst at Robbins Group and personal acquaintance, has set his short-term price target at $2.