Progress Software
PRGS
172 hedge funds and large institutions have $1.26B invested in Progress Software in 2016 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 54 increasing their positions, 65 reducing their positions, and 22 closing their positions.
10% more capital invested
Capital invested by funds: $1.14B → $1.26B (+$118M)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
5% less funds holding
Funds holding: 182 → 172 (-10)
17% less repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 65
23% less call options, than puts
Call options by funds: $619K | Put options by funds: $805K
36% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$9.65M |
| 2 |
JP Morgan Chase
New York
|
+$3.71M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$3.17M |
| 4 |
RCM
Riverhead Capital Management
Wilmington,
Delaware
|
+$3.12M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$18.2M |
| 2 |
Renaissance Technologies
New York
|
-$7.17M |
| 3 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$5.94M |
| 4 |
Millennium Management
New York
|
-$5.55M |
| 5 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
-$3.56M |
PRGS Hedge Fund Activity: Q2 2016 in Review
172 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q2 2016, worth a combined $1.26B — up 10% from $1.14B a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of PRGS and 14 opened new positions — a net loss of 8 holders — while 65 trimmed existing stakes and 54 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $9.65M. The largest seller was Numeric Investors, cutting an estimated $18.2M.
- 172 institutional investors held Progress Software (PRGS) as of Q2 2016, down from 182 in Q1 2016.
- Funds reported $1.26B of Progress Software stock for Q2 2016, up 10% quarter-over-quarter.
- 14 funds opened new Progress Software positions in Q2 2016 and 22 closed out, a net change of -8 holders.
- The largest Progress Software buyer in Q2 2016 was T. Rowe Price Associates, an estimated $9.65M added.
- The largest Progress Software seller in Q2 2016 was Numeric Investors, an estimated $18.2M sold.
Based on aggregated 13F filings for Q2 2016.