Progress Software
PRGS
208 hedge funds and large institutions have $1.4B invested in Progress Software in 2017 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 90 increasing their positions, 61 reducing their positions, and 24 closing their positions.
48% more repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 61
7% more capital invested
Capital invested by funds: $1.3B → $1.4B (+$95.1M)
1.73% more ownership
Funds ownership: 92.11% → 93.85% (+1.7%)
4% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 24
0% less funds holding
Funds holding: 209 → 208 (-1)
15% less call options, than puts
Call options by funds: $1.41M | Put options by funds: $1.66M
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NI
Numeric Investors
Boston,
Massachusetts
|
+$31.9M |
| 2 |
JP Morgan Chase
New York
|
+$10.6M |
| 3 |
Renaissance Technologies
New York
|
+$9.21M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$6.15M |
| 5 |
MWNA
Marshall Wace North America
New York
|
+$6.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$46.7M |
| 2 |
TI
Trigran Investments
Northbrook,
Illinois
|
-$18M |
| 3 |
PIMC
Praesidium Investment Management Company
New York
|
-$7.88M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$6.5M |
| 5 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$6.19M |
PRGS Hedge Fund Activity: Q2 2017 in Review
208 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q2 2017, worth a combined $1.4B — up 7.3% from $1.3B a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new PRGS positions and 24 closed out — a net gain of 1 holder — while 90 added to existing stakes and 61 trimmed.
The largest buyer was Numeric Investors, adding an estimated $31.9M. The largest seller was T. Rowe Price Associates, cutting an estimated $46.7M.
- 208 institutional investors held Progress Software (PRGS) as of Q2 2017, down from 209 in Q1 2017.
- Funds reported $1.4B of Progress Software stock for Q2 2017, up 7.3% quarter-over-quarter.
- 25 funds opened new Progress Software positions in Q2 2017 and 24 closed out, a net change of +1 holder.
- The largest Progress Software buyer in Q2 2017 was Numeric Investors, an estimated $31.9M added.
- The largest Progress Software seller in Q2 2017 was T. Rowe Price Associates, an estimated $46.7M sold.
Based on aggregated 13F filings for Q2 2017.