Progress Software (PRGS)

• Market cap: $2.93B
• 1 day: 0.07%
• 5 days: -1.81%
• 1 month: 6.91%
• 3 months: 17.56%
• 6 months: 36.12%
• Year to date: 25.92%
• 1 year: 24.86%
• 5 years: 66.29%
• 10 years: 156.03%
• Sector: Information Technology
• Industry: Prepackaged Software

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

214% more call options, than puts

Call options by funds: $17.1M | Put options by funds: $5.45M

58% more first-time investments, than exits

New positions opened: 52 | Existing positions closed: 33

50% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 3 (+1) [Q3]

25% more capital invested

Capital invested by funds: $2.61B [Q2] → $3.25B (+$641M) [Q3]

6% more funds holding

Funds holding: 301 [Q2] → 320 (+19) [Q3]

1.98% more ownership

Funds ownership: 111.43% [Q2] → 113.42% (+1.98%) [Q3]

5% more repeat investments, than reductions

Existing positions increased: 109 | Existing positions reduced: 104

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $65 5% downside
• Avg. target: $71 3% upside
• High target: $80 17% upside

6 analyst ratings

• positive: 6 100%
• neutral: 0 0%
• negative: 0 0%

Oppenheimer Ittai Kidron 77% 1-year accuracy 27 / 35 met price target	17% upside $80	Outperform Maintained	22 Oct 2024
Guggenheim Raymond McDonough 83% 1-year accuracy 5 / 6 met price target	2% upside $70	Buy Maintained	25 Sept 2024
DA Davidson Lucky Schreiner 100% 1-year accuracy 4 / 4 met price target	2% upside $70	Buy Maintained	25 Sept 2024
Oppenheimer Ittai Kidron 77% 1-year accuracy 27 / 35 met price target	2% upside $70	Outperform Maintained	25 Sept 2024
DA Davidson Lucky Schreiner 100% 1-year accuracy 4 / 4 met price target	5% downside $65	Buy Maintained	10 Sept 2024