Progress Software
PRGS
228 hedge funds and large institutions have $1.78B invested in Progress Software in 2019 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 87 increasing their positions, 86 reducing their positions, and 19 closing their positions.
26% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 19
11% more capital invested
Capital invested by funds: $1.6B → $1.78B (+$179M)
1.65% more ownership
Funds ownership: 93.82% → 95.47% (+1.6%)
1% more repeat investments, than reductions
Existing positions increased: 87 | Existing positions reduced: 86
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% less funds holding
Funds holding: 229 → 228 (-1)
19% less call options, than puts
Call options by funds: $2.81M | Put options by funds: $3.48M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
+$20.7M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
+$16.4M |
| 3 |
Renaissance Technologies
New York
|
+$11.3M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$7.41M |
| 5 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$7.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
ClariVest Asset Management
San Diego,
California
|
-$7.44M |
| 2 |
Russell Investments Group
London,
United Kingdom
|
-$6.64M |
| 3 |
Fuller & Thaler Asset Management
San Mateo,
California
|
-$6.58M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
-$6.53M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$4.94M |
PRGS Hedge Fund Activity: Q4 2019 in Review
228 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q4 2019, worth a combined $1.78B — up 11% from $1.6B a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new PRGS positions and 19 closed out — a net gain of 5 holders — while 87 added to existing stakes and 86 trimmed.
The largest buyer was Allianz Asset Management, adding an estimated $20.7M. The largest seller was ClariVest Asset Management, cutting an estimated $7.44M.
- 228 institutional investors held Progress Software (PRGS) as of Q4 2019, down from 229 in Q3 2019.
- Funds reported $1.78B of Progress Software stock for Q4 2019, up 11% quarter-over-quarter.
- 24 funds opened new Progress Software positions in Q4 2019 and 19 closed out, a net change of +5 holders.
- The largest Progress Software buyer in Q4 2019 was Allianz Asset Management, an estimated $20.7M added.
- The largest Progress Software seller in Q4 2019 was ClariVest Asset Management, an estimated $7.44M sold.
Based on aggregated 13F filings for Q4 2019.