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Starboard Value’s Progress Software PRGS Stock Holding History

Starboard Value’s Portfolio PRGS Stock Details PRGS Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2013
Q4 		– Sell
-250,000
Closed -$6.46M – 27
2013
Q3 		$6.46M Sell
250,000
-1,859,183
-88% -$46.7M 0.52% 23
2013
Q2 		$48.5M Buy
+2,109,183
New +$47.6M 3.39% 12

Other funds holding PRGS

T. Rowe Price Associates
T. Rowe Price Associates Baltimore, Maryland $999B AUM 46.22% 1-Year Est. Return
PIMC
Praesidium Investment Management Company New York $214M AUM 1.94% 1-Year Est. Return
Vanguard Group
Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return
BFA
BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return
Artisan Partners
Artisan Partners Milwaukee, Wisconsin $63.1B AUM 35.51% 1-Year Est. Return
BIT
BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return
Fidelity Investments
Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return
TAM
Third Avenue Management New York $625M AUM 48.93% 1-Year Est. Return
VBA
Van Berkom & Associates Montreal, Quebec, Canada $3.1B AUM 12.88% 1-Year Est. Return
Ameriprise
Ameriprise Minneapolis, Minnesota $495B AUM 43.24% 1-Year Est. Return

Starboard Value's PRGS Position: Q4 2013 in Review

Starboard Value sold out of Progress Software (PRGS) in Q4 2013, closing a stake of 250,000 shares — an estimated $6.46M sold.

Starboard Value first reported a position in PRGS in Q2 2013 and held it in 2 quarters. The position peaked at $48.5M in Q2 2013. 158 funds tracked by Wall St. Rank hold PRGS as of Q4 2013.

  • Starboard Value reported no remaining Progress Software position as of Q4 2013 after selling out during the quarter.
  • Starboard Value sold 250,000 Progress Software shares in Q4 2013, an estimated $6.46M.
  • Starboard Value first reported a position in Progress Software in Q2 2013 and held it in 2 quarters.
  • Starboard Value's Progress Software position peaked at $48.5M in Q2 2013.
  • 158 funds tracked by Wall St. Rank held Progress Software as of Q4 2013.

Based on Starboard Value's 13F filing for Q4 2013, filed 12 Feb 2014.