Progress Software
PRGS
216 hedge funds and large institutions have $1.75B invested in Progress Software in 2017 Q3 according to their latest regulatory filings, with 33 funds opening new positions, 76 increasing their positions, 79 reducing their positions, and 22 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
50% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 22
25% more capital invested
Capital invested by funds: $1.4B → $1.75B (+$347M)
17% more call options, than puts
Call options by funds: $1.22M | Put options by funds: $1.04M
4% more funds holding
Funds holding: 208 → 216 (+8)
0.94% more ownership
Funds ownership: 93.85% → 94.79% (+0.94%)
4% less repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 79
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$41M |
| 2 |
TCM
Tensile Capital Management
Larkspur,
California
|
+$16.7M |
| 3 |
AP
AHL Partners
London,
United Kingdom
|
+$11.2M |
| 4 |
RAM
RWC Asset Management
London,
United Kingdom
|
+$10M |
| 5 |
Prudential Financial
Newark,
New Jersey
|
+$9.71M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$53M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$14.6M |
| 3 |
DIA
Denver Investment Advisors
Denver,
Colorado
|
-$13.2M |
| 4 |
JP Morgan Chase
New York
|
-$9.12M |
| 5 |
Millennium Management
New York
|
-$9.05M |
PRGS Hedge Fund Activity: Q3 2017 in Review
216 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q3 2017, worth a combined $1.75B — up 25% from $1.4B a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new PRGS positions and 22 closed out — a net gain of 11 holders — while 76 added to existing stakes and 79 trimmed.
The largest buyer was Bank of America, adding an estimated $41M. The largest seller was T. Rowe Price Associates, cutting an estimated $53M.
- 216 institutional investors held Progress Software (PRGS) as of Q3 2017, up from 208 in Q2 2017.
- Funds reported $1.75B of Progress Software stock for Q3 2017, up 25% quarter-over-quarter.
- 33 funds opened new Progress Software positions in Q3 2017 and 22 closed out, a net change of +11 holders.
- The largest Progress Software buyer in Q3 2017 was Bank of America, an estimated $41M added.
- The largest Progress Software seller in Q3 2017 was T. Rowe Price Associates, an estimated $53M sold.
Based on aggregated 13F filings for Q3 2017.