Progress Software
PRGS
181 hedge funds and large institutions have $1.13B invested in Progress Software in 2016 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 65 increasing their positions, 66 reducing their positions, and 20 closing their positions.
163% more call options, than puts
Call options by funds: $1.55M | Put options by funds: $590K
10% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 20
1% more funds holding
Funds holding: 180 → 181 (+1)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
1% less capital invested
Capital invested by funds: $1.14B → $1.13B (-$5.75M)
2% less repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 66
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PIMC
Praesidium Investment Management Company
New York
|
+$42.6M |
| 2 |
Retirement Systems of Alabama
Montgomery,
Alabama
|
+$10.1M |
| 3 |
IAM
Impax Asset Management
Portsmouth,
New Hampshire
|
+$7.84M |
| 4 |
Fisher Asset Management
Camas,
Washington
|
+$6.36M |
| 5 |
KIM
Kestrel Investment Management
San Mateo,
California
|
+$4.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$23.8M |
| 2 |
ERM
Elm Ridge Management
Briarcliff Manor,
New York
|
-$9.91M |
| 3 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$8.4M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$7.32M |
| 5 |
RFC
Russell Frank Company
Seattle,
Washington
|
-$5.54M |
PRGS Hedge Fund Activity: Q1 2016 in Review
181 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q1 2016, worth a combined $1.13B — down 0.51% from $1.14B a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new PRGS positions and 20 closed out — a net gain of 2 holders — while 65 added to existing stakes and 66 trimmed.
The largest buyer was Praesidium Investment Management Company, adding an estimated $42.6M. The largest seller was Morgan Stanley, cutting an estimated $23.8M.
- 181 institutional investors held Progress Software (PRGS) as of Q1 2016, up from 180 in Q4 2015.
- Funds reported $1.13B of Progress Software stock for Q1 2016, down 0.51% quarter-over-quarter.
- 22 funds opened new Progress Software positions in Q1 2016 and 20 closed out, a net change of +2 holders.
- The largest Progress Software buyer in Q1 2016 was Praesidium Investment Management Company, an estimated $42.6M added.
- The largest Progress Software seller in Q1 2016 was Morgan Stanley, an estimated $23.8M sold.
Based on aggregated 13F filings for Q1 2016.