Progress Software
PRGS
187 hedge funds and large institutions have $1.23B invested in Progress Software in 2016 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 66 increasing their positions, 60 reducing their positions, and 15 closing their positions.
100% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 15
10% more repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 60
9% more funds holding
Funds holding: 172 → 187 (+15)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
3% less capital invested
Capital invested by funds: $1.26B → $1.23B (-$33.1M)
81% less call options, than puts
Call options by funds: $586K | Put options by funds: $3.01M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
+$12M |
| 2 |
Goldman Sachs
New York
|
+$9.25M |
| 3 |
LCM
Laurion Capital Management
New York
|
+$7.65M |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$5.68M |
| 5 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
+$5.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$41M |
| 2 |
PIMC
Praesidium Investment Management Company
New York
|
-$26.2M |
| 3 |
Retirement Systems of Alabama
Montgomery,
Alabama
|
-$6.01M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$4.88M |
| 5 |
WCM Investment Management
Laguna Beach,
California
|
-$4.88M |
PRGS Hedge Fund Activity: Q3 2016 in Review
187 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q3 2016, worth a combined $1.23B — down 2.6% from $1.26B a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new PRGS positions and 15 closed out — a net gain of 15 holders — while 66 added to existing stakes and 60 trimmed.
The largest buyer was Neuberger Berman Group, adding an estimated $12M. The largest seller was Thrivent Financial for Lutherans, cutting an estimated $41M.
- 187 institutional investors held Progress Software (PRGS) as of Q3 2016, up from 172 in Q2 2016.
- Funds reported $1.23B of Progress Software stock for Q3 2016, down 2.6% quarter-over-quarter.
- 30 funds opened new Progress Software positions in Q3 2016 and 15 closed out, a net change of +15 holders.
- The largest Progress Software buyer in Q3 2016 was Neuberger Berman Group, an estimated $12M added.
- The largest Progress Software seller in Q3 2016 was Thrivent Financial for Lutherans, an estimated $41M sold.
Based on aggregated 13F filings for Q3 2016.