PROGRESS SOFTWARE CORP PRGS
COM · Common Stock · CUSIP 743312100 · ISIN US7433121008
Global software company
- SectorTechnology
- IndustryServices-Prepackaged Software
- HeadquartersBurlington, MA
- Founded1981
- Websiteprogress.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($2.7m this quarter). Holder counts are more reliable. Shares outstanding: 42.9m as of 2025-09-25, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $43.96. Options: 17 managers hold calls ($70.2m notional), 18 hold puts ($84.3m).
Trends to Q3 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 251 |
| Q4 2022 | 275 |
| Q1 2023 | 286 |
| Q2 2023 | 291 |
| Q3 2023 | 292 |
| Q4 2023 | 281 |
| Q1 2024 | 304 |
| Q2 2024 | 307 |
| Q3 2024 | 329 |
| Q4 2024 | 332 |
| Q1 2025 | 313 |
| Q2 2025 | 348 |
| Q3 2025 | 308 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2023 | 123 | 137 |
| Q1 2024 | 144 | 131 |
| Q2 2024 | 151 | 149 |
| Q3 2024 | 157 | 135 |
| Q4 2024 | 151 | 140 |
| Q1 2025 | 150 | 171 |
| Q2 2025 | 173 | 146 |
| Q3 2025 | 148 | 195 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $3.3m | $59.4m | 18.01 |
| Q1 2025 | $3.1m | $65.8m | 21.31 |
| Q2 2025 | $25.6m | $66.3m | 2.59 |
| Q3 2025 | $70.2m | $84.3m | 1.20 |
Biggest buyers
| AMERICAN CENTURY COMPANIES INC | Added | +550.1k |
| Qube Research & Technologies Ltd | New | +371.6k |
| MARSHALL WACE, LLP | Added | +314.5k |
| Diamond Hill Capital Management, LLC (Investment Advisor) | Added | +275.2k |
| SYSTEMATIC FINANCIAL MANAGEMENT LP | Added | +270.8k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +262.5k |
| Allspring Global Investments Holdings, LLC | Added | +243.9k |
| LSV ASSET MANAGEMENT | Added | +234.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Added | +230.5k |
| NOMURA HOLDINGS INC | Added | +223.8k |
Biggest sellers
| SEIZERT CAPITAL PARTNERS, LLC | Sold out | -619.3k |
| MIZUHO MARKETS AMERICAS LLC | Reduced | -477.9k |
| DEUTSCHE BANK AG\ | Reduced | -437.6k |
| MORGAN STANLEY | Reduced | -352.1k |
| Jefferies Financial Group Inc. | Reduced | -337.5k |
| GOLDMAN SACHS GROUP INC | Reduced | -300.7k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -283.7k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Reduced | -260.2k |
| CITIGROUP INC | Reduced | -246.7k |
| Paradice Investment Management LLC | Sold out | -238.1k |
Biggest calls
| CITIGROUP INC | Added | $19.8m450.0k shares |
| Jefferies Financial Group Inc. | Added | $15.2m346.4k shares |
| JANE STREET GROUP, LLC | Added | $7.2m163.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.1m138.4k shares |
| CITADEL ADVISORS LLC | Added | $5.6m128.6k shares |
| SIMPLEX TRADING, LLC | Added | $3.6m83.1k shares |
| CAPITAL FUND MANAGEMENT S.A. | New | $3.5m80.7k shares |
| WOLVERINE TRADING, LLC | New | $2.3m54.9k shares |
| IMC-Chicago, LLC | New | $1.6m36.7k shares |
| Walleye Capital LLC | New | $1.3m30.7k shares |
Biggest puts
| Jefferies Financial Group Inc. | Added | $50.5m1.1m shares |
| DLD Asset Management, LP | New | $9.9m225.0k shares |
| WOLVERINE ASSET MANAGEMENT LLC | New | $7.8m177.8k shares |
| CITADEL ADVISORS LLC | Added | $3.1m70.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.0m67.9k shares |
| MIZUHO MARKETS AMERICAS LLC | Reduced | $2.0m290.1k shares |
| Walleye Capital LLC | New | $1.7m39.1k shares |
| CAPITAL FUND MANAGEMENT S.A. | New | $1.7m37.9k shares |
| SIMPLEX TRADING, LLC | Added | $1.3m29.9k shares |
| Squarepoint Ops LLC | New | $724.8k16.5k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution +1.2 pts · filed 2026-07-29 | 16.5% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution +1.3 pts · filed 2026-07-31 | 9.6% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.3% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q3 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2023 | 0 | — | 5 | $739.5k | $739.5k |
| Q1 2024 | 0 | — | 6 | $5.1m | $4.8m |
| Q2 2024 | 0 | — | 8 | $5.9m | $4.9m |
| Q3 2024 | 0 | — | 4 | $765.0k | $765.0k |
| Q4 2024 | 0 | — | 7 | $1.8m | $1.8m |
| Q1 2025 | 0 | — | 4 | $1.5m | $1.5m |
| Q2 2025 | 0 | — | 4 | $2.8m | $2.8m |
| Q3 2025 | 3 | $428.2k | 2 | $323.1k | $323.1k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-08-12 | Gawlick Rainer Director | Bought | $74.4k1.7k shares |
| 2025-07-23 | KRALL DAVID Director | Bought | $250.6k5.1k shares |
| 2025-07-23 | Gupta Yogesh K Chief Executive Officer, director | Bought | $103.2k2.1k shares |
| 2025-07-08 | FOLGER ANTHONY Chief Financial Officer | Sold plan | $292.9k5.5k shares |
| 2025-07-01 | Subramanian Sundar EVP/GM Infrastructure Mgmt | Sold plan | $30.2k501 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 6.9m $302.0m | Added +104.4k |
| VANGUARD GROUP INC 0.00% of their portfolio | 5.7m $250.6m | Reduced -111.0k |
| Boston Trust Walden Corp 0.63% of their portfolio | 2.0m $85.7m | Added +154.0k |
| STATE STREET CORP 0.00% of their portfolio | 1.8m $78.7m | Reduced -1.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 1.3m $59.2m | Added +262.5k |
| Allspring Global Investments Holdings, LLC 0.09% of their portfolio | 1.2m $53.3m | Added +243.9k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.1m $50.0m | Added +20.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.1m $47.2m | Added +7.9k |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 0.98% of their portfolio | 914.8k $40.2m | Added +270.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio | 906.4k $39.8m | Added +230.5k |
| Invesco Ltd. 0.01% of their portfolio | 868.2k $38.1m | Added +20.4k |
| MACQUARIE GROUP LTD 0.04% of their portfolio | 862.1k $37.9m | Added +24.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 843.6k $37.1m | Reduced -70.3k |
| Swedbank AB 0.03% of their portfolio | 744.2k $32.7m | Added +21.5k |
| FMR LLC 0.00% of their portfolio | 734.3k $32.3m | Reduced -46.0k |
| Capital International Investors 0.01% of their portfolio | 722.1k $31.7m | Unchanged |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 648.8k $28.5m | Added +550.1k |
| SEGALL BRYANT & HAMILL, LLC 0.38% of their portfolio | 643.1k $28.3m | Added +104.6k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.10% of their portfolio | 638.2k $28.0m | Reduced -775 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 630.1k $27.7m | Reduced -74.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 541.9k $23.8m | Added +121.5k |
| BARCLAYS PLC 0.01% of their portfolio | 515.0k $22.6m | Reduced -59.7k |
| OAKTOP CAPITAL MANAGEMENT II, L.P. 2.02% of their portfolio | 508.6k $22.3m | Unchanged |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 499.2k $21.9m | Reduced -1.8k |
| MORGAN STANLEY 0.00% of their portfolio | 494.4k $21.7m | Reduced -352.1k |
| DekaBank Deutsche Girozentrale 0.04% of their portfolio | 478.9k $21.0m | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 474.4k $20.8m | Reduced -19.1k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 0.10% of their portfolio | 464.6k $20.4m | Added +275.2k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 431.5k $19.0m | Reduced -437.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 430.2k $18.9m | Reduced -300.7k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 418.0k $18.4m | Added +7.3k |
| NATIXIS 0.09% of their portfolio | 371.9k $16.3m | Reduced -168.5k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 371.6k $16.3m | New |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 369.7k $16.2m | Reduced -232.8k |
| LSV ASSET MANAGEMENT 0.04% of their portfolio | 362.0k $15.9m | Added +234.1k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 357.4k $15.7m | Added +314.5k |
| RICE HALL JAMES & ASSOCIATES, LLC 0.81% of their portfolio | 338.9k $14.9m | Added +202.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 322.9k $14.2m | Reduced -24.0k |
| Glenmede Investment Management, LP 0.06% of their portfolio | 295.4k $13.0m | Added +50.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 290.3k $12.8m | Added +5.4k |
| MIZUHO MARKETS AMERICAS LLC 0.27% of their portfolio | 290.1k $12.7m | Reduced -477.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 275.1k $12.1m | Reduced -69.1k |
| NOMURA HOLDINGS INC 0.05% of their portfolio | 269.9k $11.9m | Added +223.8k |
| Swiss Life Asset Management Ltd 0.06% of their portfolio | 264.3k $11.6m | Added +781 |
| KENNEDY CAPITAL MANAGEMENT LLC 0.25% of their portfolio | 258.2k $11.3m | Added +82.1k |
| Heron Bay Capital Management 2.09% of their portfolio | 254.3k $11.2m | Added +137.2k |
| Connor, Clark & Lunn Investment Management Ltd. 0.03% of their portfolio | 228.1k $10.0m | Added +3.6k |
| UBS Group AG 0.00% of their portfolio | 225.8k $9.9m | Reduced -73.0k |
| Jefferies Financial Group Inc. 0.09% of their portfolio | 223.6k $9.8m | Reduced -337.5k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 214.7k $9.4m | Added +177.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 203.3k $8.9m | Added +160.7k |
| Woodline Partners LP 0.04% of their portfolio | 202.6k $8.9m | Added +41.3k |
| Public Sector Pension Investment Board 0.03% of their portfolio | 168.2k $7.4m | Added +1.9k |
| UniSuper Management Pty Ltd 0.04% of their portfolio | 157.0k $6.9m | Added +14.8k |
| BANK OF NOVA SCOTIA 0.01% of their portfolio | 154.6k $6.8m | Added +8.8k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 149.2k $6.6m | Added +55.3k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 148.0k $6.5m | Reduced -191.2k |
| Edgestream Partners, L.P. 0.18% of their portfolio | 142.5k $6.3m | Added +56.0k |
| KLP KAPITALFORVALTNING AS 0.02% of their portfolio | 127.1k $5.6m | Added +28.0k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 125.1k $5.5m | Reduced -1.1k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 124.6k $5.5m | Reduced -35.1k |
| Nuveen, LLC 0.00% of their portfolio | 123.4k $5.4m | Unchanged |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 119.0k $5.2m | Added +58.4k |
| Y-Intercept (Hong Kong) Ltd 0.12% of their portfolio | 117.8k $5.2m | New |
| Legal & General Group Plc 0.00% of their portfolio | 115.4k $5.1m | Reduced -6.7k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 105.6k $4.6m | Reduced -22.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 100.9k $4.4m | Reduced -78.8k |
| GHP Investment Advisors, Inc. 0.18% of their portfolio | 95.3k $4.2m | Reduced -21.2k |
| Corient Private Wealth LP 0.01% of their portfolio | 94.1k $4.1m | Reduced -20.9k |
| Hillsdale Investment Management Inc. 0.12% of their portfolio | 91.0k $4.0m | Added +4.9k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 84.7k $3.7m | Added +32.7k |
| Swiss National Bank 0.00% of their portfolio | 83.6k $3.7m | Added +1.4k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 81.5k $3.6m | Reduced -51.3k |
| Susquehanna Portfolio Strategies, LLC 0.05% of their portfolio | 78.9k $3.5m | Added +66.3k |
| CAPITAL FUND MANAGEMENT S.A. 0.03% of their portfolio | 77.8k $3.4m | Added +12.6k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 75.3k $3.3m | Reduced -54.0k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 72.4k $3.2m | Reduced -2.6k |
| CITIGROUP INC 0.00% of their portfolio | 70.4k $3.1m | Reduced -246.7k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 70.0k $3.1m | Reduced -982 |
| DARK FOREST CAPITAL MANAGEMENT LP 0.11% of their portfolio | 69.6k $3.1m | New |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 68.9k $3.0m | Reduced -5.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 65.9k $2.9m | Reduced -160.7k |
| PEAK6 LLC 0.04% of their portfolio | 64.1k $2.8m | Added +63.6k |
| GABELLI FUNDS LLC 0.02% of their portfolio | 62.5k $2.7m | Added +2.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 62.3k $2.7m | Added +17.6k |
| Choate Investment Advisors 0.06% of their portfolio | 61.9k $2.7m | Unchanged |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 61.0k $2.7m | Reduced -31.6k |
| GW&K Investment Management, LLC 0.02% of their portfolio | 59.5k $2.6m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 57.0k $2.5m | Reduced -283.7k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 55.0k $2.4m | Reduced -35.7k |
| F/m Investments LLC 0.09% of their portfolio | 54.1k $2.4m | Reduced -269 |
| ROYCE & ASSOCIATES LP 0.02% of their portfolio | 53.7k $2.4m | Added +112 |
| Campbell & CO Investment Adviser LLC 0.18% of their portfolio | 52.9k $2.3m | Added +42.8k |
| ANCHOR CAPITAL ADVISORS LLC 0.07% of their portfolio | 52.3k $2.3m | New |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 48.2k $2.1m | Added +601 |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.08% of their portfolio | 48.1k $2.1m | Reduced -12.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 46.8k $2.1m | Reduced -25.0k |
| Mariner, LLC 0.00% of their portfolio | 45.8k $2.0m | Reduced -10.2k |
| PARADIGM CAPITAL MANAGEMENT INC/NY 0.09% of their portfolio | 45.3k $2.0m | Unchanged |
| Van Hulzen Asset Management, LLC 0.15% of their portfolio | 44.5k $2.0m | Reduced -491 |