Progress Software
PRGS
180 hedge funds and large institutions have $1.14B invested in Progress Software in 2015 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 72 increasing their positions, 51 reducing their positions, and 19 closing their positions.
63% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 19
41% more repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 51
7% more funds holding
Funds holding: 169 → 180 (+11)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
7% less capital invested
Capital invested by funds: $1.22B → $1.14B (-$89.6M)
100% less call options, than puts
Call options by funds: $3K | Put options by funds: $7.16M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$19.6M |
| 2 |
Neuberger Berman Group
New York
|
+$13.2M |
| 3 |
Fisher Asset Management
Camas,
Washington
|
+$12.2M |
| 4 |
HCCM
Herring Creek Capital Management
Stamford,
Connecticut
|
+$9.17M |
| 5 |
PIMC
Praesidium Investment Management Company
New York
|
+$6.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$48.4M |
| 2 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
-$29.9M |
| 3 |
JP Morgan Chase
New York
|
-$9.93M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$5.07M |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$5.02M |
PRGS Hedge Fund Activity: Q4 2015 in Review
180 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q4 2015, worth a combined $1.14B — down 7.3% from $1.22B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new PRGS positions and 19 closed out — a net gain of 12 holders — while 72 added to existing stakes and 51 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $19.6M. The largest seller was Fidelity Investments, cutting an estimated $48.4M.
- 180 institutional investors held Progress Software (PRGS) as of Q4 2015, up from 169 in Q3 2015.
- Funds reported $1.14B of Progress Software stock for Q4 2015, down 7.3% quarter-over-quarter.
- 31 funds opened new Progress Software positions in Q4 2015 and 19 closed out, a net change of +12 holders.
- The largest Progress Software buyer in Q4 2015 was Morgan Stanley, an estimated $19.6M added.
- The largest Progress Software seller in Q4 2015 was Fidelity Investments, an estimated $48.4M sold.
Based on aggregated 13F filings for Q4 2015.