Progress Software
PRGS
229 hedge funds and large institutions have $1.6B invested in Progress Software in 2019 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 87 increasing their positions, 82 reducing their positions, and 31 closing their positions.
6% more repeat investments, than reductions
Existing positions increased: 87 | Existing positions reduced: 82
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.47% less ownership
Funds ownership: 95.3% → 93.82% (-1.5%)
5% less funds holding
Funds holding: 242 → 229 (-13)
13% less capital invested
Capital invested by funds: $1.84B → $1.6B (-$247M)
39% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 31
69% less call options, than puts
Call options by funds: $754K | Put options by funds: $2.47M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nuveen
Charlotte,
North Carolina
|
+$11.1M |
| 2 |
BTW
Boston Trust Walden
Boston,
Massachusetts
|
+$10.5M |
| 3 |
Renaissance Technologies
New York
|
+$7.85M |
| 4 |
BlackRock
New York
|
+$7.25M |
| 5 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$5.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Man Group
London,
United Kingdom
|
-$16.8M |
| 2 |
JP Morgan Chase
New York
|
-$16M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$11.8M |
| 4 |
D.E. Shaw & Co
New York
|
-$6.6M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$5.71M |
PRGS Hedge Fund Activity: Q3 2019 in Review
229 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q3 2019, worth a combined $1.6B — down 13% from $1.84B a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of PRGS and 19 opened new positions — a net loss of 12 holders — while 82 trimmed existing stakes and 87 added.
The largest buyer was Nuveen, adding an estimated $11.1M. The largest seller was Man Group, cutting an estimated $16.8M.
- 229 institutional investors held Progress Software (PRGS) as of Q3 2019, down from 242 in Q2 2019.
- Funds reported $1.6B of Progress Software stock for Q3 2019, down 13% quarter-over-quarter.
- 19 funds opened new Progress Software positions in Q3 2019 and 31 closed out, a net change of -12 holders.
- The largest Progress Software buyer in Q3 2019 was Nuveen, an estimated $11.1M added.
- The largest Progress Software seller in Q3 2019 was Man Group, an estimated $16.8M sold.
Based on aggregated 13F filings for Q3 2019.