Progress Software
PRGS
243 hedge funds and large institutions have $1.85B invested in Progress Software in 2019 Q1 according to their latest regulatory filings, with 38 funds opening new positions, 99 increasing their positions, 68 reducing their positions, and 22 closing their positions.
73% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 22
46% more repeat investments, than reductions
Existing positions increased: 99 | Existing positions reduced: 68
21% more capital invested
Capital invested by funds: $1.53B → $1.85B (+$322M)
7% more funds holding
Funds holding: 228 → 243 (+15)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3.5% less ownership
Funds ownership: 95.72% → 92.22% (-3.5%)
52% less call options, than puts
Call options by funds: $2.9M | Put options by funds: $6.06M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BTW
Boston Trust Walden
Boston,
Massachusetts
|
+$13.8M |
| 2 |
D.E. Shaw & Co
New York
|
+$11.6M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$11.2M |
| 4 |
Russell Investments Group
London,
United Kingdom
|
+$10.2M |
| 5 |
Man Group
London,
United Kingdom
|
+$8.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PIMC
Praesidium Investment Management Company
New York
|
-$42M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$19.7M |
| 3 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
-$14.7M |
| 4 |
WG
Winton Group
London,
United Kingdom
|
-$8.3M |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$7.58M |
PRGS Hedge Fund Activity: Q1 2019 in Review
243 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q1 2019, worth a combined $1.85B — up 21% from $1.53B a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new PRGS positions and 22 closed out — a net gain of 16 holders — while 99 added to existing stakes and 68 trimmed.
The largest buyer was Boston Trust Walden, opening a new position worth an estimated $13.8M. The largest seller was Praesidium Investment Management Company, exiting entirely with an estimated $42M sold.
- 243 institutional investors held Progress Software (PRGS) as of Q1 2019, up from 228 in Q4 2018.
- Funds reported $1.85B of Progress Software stock for Q1 2019, up 21% quarter-over-quarter.
- 38 funds opened new Progress Software positions in Q1 2019 and 22 closed out, a net change of +16 holders.
- The largest Progress Software buyer in Q1 2019 was Boston Trust Walden, an estimated $13.8M added.
- The largest Progress Software seller in Q1 2019 was Praesidium Investment Management Company, an estimated $42M sold.
Based on aggregated 13F filings for Q1 2019.