Progress Software
PRGS
179 hedge funds and large institutions have $1.29B invested in Progress Software in 2014 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 64 increasing their positions, 50 reducing their positions, and 12 closing their positions.
175% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 12
28% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 50
12% more capital inflows, than outflows
Capital inflows: $207M | Capital outflows: $184M
10% more funds holding
Funds holding: 162 → 179 (+17)
1.28% less ownership
Funds ownership: 95.74% → 94.46% (-1.3%)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$15.5M |
| 2 |
Numeric Investors
Boston,
Massachusetts
|
+$14.5M |
| 3 |
Teachers Advisors
New York
|
+$13.1M |
| 4 |
WCM Investment Management
Laguna Beach,
California
|
+$12.8M |
| 5 |
BlackRock Institutional Trust
San Francisco,
California
|
+$11.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$35.7M |
| 2 |
TAM
Third Avenue Management
New York
|
-$31.1M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$30.3M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$15.6M |
| 5 |
SAM
Sentinel Asset Management
Montpelier,
Vermont
|
-$14M |
PRGS Hedge Fund Activity: Q4 2014 in Review
179 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q4 2014, worth a combined $1.29B — up 13% from $1.15B a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new PRGS positions and 12 closed out — a net gain of 21 holders — while 64 added to existing stakes and 50 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $15.5M. The largest seller was Artisan Partners, exiting entirely with an estimated $35.7M sold.
- 179 institutional investors held Progress Software (PRGS) as of Q4 2014, up from 162 in Q3 2014.
- Funds reported $1.29B of Progress Software stock for Q4 2014, up 13% quarter-over-quarter.
- 33 funds opened new Progress Software positions in Q4 2014 and 12 closed out, a net change of +21 holders.
- The largest Progress Software buyer in Q4 2014 was Fidelity Investments, an estimated $15.5M added.
- The largest Progress Software seller in Q4 2014 was Artisan Partners, an estimated $35.7M sold.
Based on aggregated 13F filings for Q4 2014.