Progress Software
PRGS
209 hedge funds and large institutions have $1.3B invested in Progress Software in 2017 Q1 according to their latest regulatory filings, with 48 funds opening new positions, 73 increasing their positions, 59 reducing their positions, and 15 closing their positions.
1,010% more call options, than puts
Call options by funds: $644K | Put options by funds: $58K
220% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 15
24% more repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 59
15% more funds holding
Funds holding: 182 → 209 (+27)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
0.64% less ownership
Funds ownership: 92.76% → 92.11% (-0.64%)
9% less capital invested
Capital invested by funds: $1.44B → $1.3B (-$135M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$177M |
| 2 |
JP Morgan Chase
New York
|
+$22.7M |
| 3 |
Norges Bank
Oslo,
Norway
|
+$17.9M |
| 4 |
DIA
Denver Investment Advisors
Denver,
Colorado
|
+$12.3M |
| 5 |
Millennium Management
New York
|
+$11.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
-$59.4M |
| 2 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
-$55.6M |
| 3 |
PIMC
Praesidium Investment Management Company
New York
|
-$45.4M |
| 4 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
-$9.93M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$7.76M |
PRGS Hedge Fund Activity: Q1 2017 in Review
209 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q1 2017, worth a combined $1.3B — down 9.4% from $1.44B a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new PRGS positions and 15 closed out — a net gain of 33 holders — while 73 added to existing stakes and 59 trimmed.
The largest buyer was BlackRock, adding an estimated $177M. The largest seller was Neuberger Berman Group, cutting an estimated $59.4M.
- 209 institutional investors held Progress Software (PRGS) as of Q1 2017, up from 182 in Q4 2016.
- Funds reported $1.3B of Progress Software stock for Q1 2017, down 9.4% quarter-over-quarter.
- 48 funds opened new Progress Software positions in Q1 2017 and 15 closed out, a net change of +33 holders.
- The largest Progress Software buyer in Q1 2017 was BlackRock, an estimated $177M added.
- The largest Progress Software seller in Q1 2017 was Neuberger Berman Group, an estimated $59.4M sold.
Based on aggregated 13F filings for Q1 2017.