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 ($14.0m this quarter). Holder counts are more reliable. Shares outstanding: 42.1m as of 2026-01-15, 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 ≈ $43.04. Options: 13 managers hold calls ($92.1m notional), 11 hold puts ($19.7m).
Trends to Q4 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 |
| Q4 2025 | 309 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q4 2025 | 144 | 160 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $3.1m | $65.8m | 21.31 |
| Q2 2025 | $25.6m | $66.3m | 2.59 |
| Q3 2025 | $70.2m | $84.3m | 1.20 |
| Q4 2025 | $92.1m | $19.7m | 0.21 |
Biggest buyers
| FULLER & THALER ASSET MANAGEMENT, INC. | Added | +631.3k |
| LSV ASSET MANAGEMENT | Added | +619.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +232.7k |
| BARCLAYS PLC | Added | +200.7k |
| TWO SIGMA INVESTMENTS, LP | Added | +198.0k |
| JANE STREET GROUP, LLC | Added | +197.8k |
| Dana Investment Advisors, Inc. | New | +139.9k |
| Jefferies Financial Group Inc. | Added | +117.6k |
| MORGAN STANLEY | Added | +95.5k |
| BESSEMER GROUP INC | Added | +93.4k |
Biggest sellers
| MACQUARIE GROUP LTD | Sold out | -862.1k |
| Invesco Ltd. | Reduced | -654.6k |
| PRINCIPAL FINANCIAL GROUP INC | Reduced | -532.5k |
| JPMORGAN CHASE & CO | Reduced | -445.0k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -369.6k |
| Qube Research & Technologies Ltd | Reduced | -266.9k |
| FMR LLC | Reduced | -247.5k |
| Allspring Global Investments Holdings, LLC | Reduced | -190.1k |
| MIZUHO MARKETS AMERICAS LLC | Reduced | -180.3k |
| BANK OF MONTREAL /CAN/ | Reduced | -179.6k |
Biggest calls
| CITIGROUP INC | Added | $30.1m700.0k shares |
| Jefferies Financial Group Inc. | Added | $20.5m476.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $12.7m294.7k shares |
| BANK OF MONTREAL /CAN/ | New | $8.6m200.0k shares |
| CITADEL ADVISORS LLC | Added | $7.6m177.9k shares |
| JANE STREET GROUP, LLC | Reduced | $6.9m161.4k shares |
| IMC-Chicago, LLC | Reduced | $1.6m36.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.4m32.0k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $996.7k23.2k shares |
| Walleye Capital LLC | Reduced | $618.6k14.4k shares |
Biggest puts
| WOLVERINE ASSET MANAGEMENT LLC | Added | $7.8m181.4k shares |
| DLD Asset Management, LP | Reduced | $7.1m165.0k shares |
| D. E. Shaw & Co., Inc. | Added | $1.6m38.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.5m34.2k shares |
| CITADEL ADVISORS LLC | Reduced | $734.6k17.1k shares |
| Walleye Trading LLC | Reduced | $348.0k8.1k shares |
| Squarepoint Ops LLC | Reduced | $253.5k5.9k shares |
| Walleye Capital LLC | Reduced | $201.9k4.7k shares |
| MIZUHO MARKETS AMERICAS LLC | Reduced | $102.4k109.7k shares |
| BANK OF NOVA SCOTIA | Unchanged | $43.0k1.0k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 |
| Q4 2025 | 0 | — | 3 | $339.3k | $339.3k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-10-06 | Pitt Ian Chief Information Officer | Sold plan | $18.9k409 shares |
| 2025-10-03 | FOLGER ANTHONY Chief Financial Officer | Sold plan | $254.4k5.5k shares |
| 2025-10-03 | WANG YUFAN STEPHANIE Chief Legal Officer | Sold plan | $66.1k1.4k 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, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 7.0m $298.8m | Added +81.6k |
| VANGUARD GROUP INC 0.00% of their portfolio | 5.7m $244.3m | Reduced -17.1k |
| Boston Trust Walden Corp 0.61% of their portfolio | 1.9m $80.3m | Reduced -80.9k |
| STATE STREET CORP 0.00% of their portfolio | 1.8m $75.9m | Reduced -22.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 1.4m $59.9m | Added +46.2k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.09% of their portfolio | 1.3m $54.5m | Added +631.3k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.1m $47.8m | Reduced -26.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.1m $46.5m | Added +6.1k |
| Allspring Global Investments Holdings, LLC 0.07% of their portfolio | 988.6k $40.6m | Reduced -190.1k |
| LSV ASSET MANAGEMENT 0.09% of their portfolio | 981.8k $42.2m | Added +619.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio | 931.1k $40.0m | Added +24.7k |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 0.92% of their portfolio | 904.9k $38.9m | Reduced -9.9k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.05% of their portfolio | 822.4k $35.3m | First filing |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 740.6k $31.8m | Added +91.8k |
| Swedbank AB 0.03% of their portfolio | 735.6k $31.6m | Reduced -8.6k |
| Capital International Investors 0.00% of their portfolio | 722.1k $31.0m | Unchanged |
| BARCLAYS PLC 0.01% of their portfolio | 715.7k $30.7m | Added +200.7k |
| SEGALL BRYANT & HAMILL, LLC 0.35% of their portfolio | 599.1k $25.7m | Reduced -44.1k |
| MORGAN STANLEY 0.00% of their portfolio | 589.9k $25.3m | Added +95.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 567.4k $24.4m | Reduced -62.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 558.9k $24.0m | Added +59.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 523.0k $22.5m | Added +232.7k |
| OAKTOP CAPITAL MANAGEMENT II, L.P. 1.85% of their portfolio | 508.6k $21.8m | Unchanged |
| Diamond Hill Capital Management, LLC (Investment Advisor) 0.11% of their portfolio | 495.3k $21.3m | Added +30.7k |
| FMR LLC 0.00% of their portfolio | 486.8k $20.9m | Reduced -247.5k |
| DekaBank Deutsche Girozentrale 0.05% of their portfolio | 478.9k $26.3m | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 451.6k $19.4m | Reduced -22.8k |
| NATIXIS 0.07% of their portfolio | 439.8k $18.9m | Added +67.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 432.6k $18.6m | Added +2.4k |
| RICE HALL JAMES & ASSOCIATES, LLC 0.84% of their portfolio | 355.9k $15.3m | Added +17.0k |
| Jefferies Financial Group Inc. 0.12% of their portfolio | 341.2k $14.7m | Added +117.6k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 326.8k $14.0m | Reduced -104.7k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 317.0k $13.6m | Added +198.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 311.1k $13.4m | Reduced -532.5k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.28% of their portfolio | 309.9k $13.3m | Added +51.7k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 303.4k $13.0m | Added +197.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 301.4k $12.9m | Added +26.3k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 287.1k $12.3m | Added +72.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 286.1k $12.3m | Reduced -36.8k |
| NOMURA HOLDINGS INC 0.03% of their portfolio | 274.9k $11.8m | Added +5.0k |
| GLENMEDE TRUST CO NA 0.06% of their portfolio | 270.7k $11.6m | First filing |
| Swiss Life Asset Management Ltd 0.06% of their portfolio | 268.0k $11.5m | Added +3.7k |
| Heron Bay Capital Management 2.17% of their portfolio | 264.9k $11.4m | Added +10.6k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 248.5k $10.7m | Reduced -108.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 224.6k $9.6m | Added +21.2k |
| Invesco Ltd. 0.00% of their portfolio | 213.6k $9.2m | Reduced -654.6k |
| Edgestream Partners, L.P. 0.25% of their portfolio | 207.1k $8.9m | Added +64.7k |
| UBS Group AG 0.00% of their portfolio | 199.6k $8.6m | Reduced -26.1k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 190.0k $8.2m | Reduced -179.6k |
| Connor, Clark & Lunn Investment Management Ltd. 0.02% of their portfolio | 184.2k $7.9m | Reduced -44.0k |
| BANK OF NOVA SCOTIA 0.01% of their portfolio | 165.9k $7.1m | Added +11.3k |
| Woodline Partners LP 0.03% of their portfolio | 162.4k $7.0m | Reduced -40.2k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 162.1k $7.0m | Added +80.6k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 153.8k $6.6m | Added +29.2k |
| Public Sector Pension Investment Board 0.02% of their portfolio | 148.5k $6.4m | Reduced -19.6k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 143.2k $6.2m | Reduced -4.8k |
| Dana Investment Advisors, Inc. 0.17% of their portfolio | 139.9k $6.0m | New |
| KLP KAPITALFORVALTNING AS 0.02% of their portfolio | 130.0k $5.6m | Added +2.9k |
| Hillsdale Investment Management Inc. 0.15% of their portfolio | 124.8k $5.4m | Added +33.8k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 119.7k $5.1m | Reduced -5.3k |
| MIZUHO MARKETS AMERICAS LLC 0.10% of their portfolio | 109.7k $4.7m | Reduced -180.3k |
| Legal & General Group Plc 0.00% of their portfolio | 108.1k $4.6m | Reduced -7.3k |
| CAPITAL FUND MANAGEMENT S.A. 0.04% of their portfolio | 105.1k $4.5m | Added +27.3k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 104.7k $4.5m | Reduced -266.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 102.5k $4.4m | Added +1.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 96.9k $4.2m | Reduced -445.0k |
| Nuveen, LLC 0.00% of their portfolio | 94.1k $4.0m | Reduced -29.3k |
| BESSEMER GROUP INC 0.01% of their portfolio | 93.6k $4.0m | Added +93.4k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 84.8k $3.6m | Added +14.8k |
| Swiss National Bank 0.00% of their portfolio | 84.6k $3.6m | Added +1.0k |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 82.1k $3.6m | Added +52.2k |
| WINTON GROUP Ltd 0.12% of their portfolio | 81.5k $3.5m | New |
| GHP Investment Advisors, Inc. 0.14% of their portfolio | 78.3k $3.4m | Reduced -17.0k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 72.4k $3.1m | Reduced -2.9k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 67.8k $2.9m | Reduced -1.1k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 67.3k $2.9m | Added +26.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 67.2k $2.9m | Added +1.2k |
| GABELLI FUNDS LLC 0.02% of their portfolio | 66.4k $2.9m | Added +3.9k |
| Campbell & CO Investment Adviser LLC 0.13% of their portfolio | 64.0k $2.7m | Added +11.1k |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 62.7k $2.7m | Added +46.2k |
| Choate Investment Advisors 0.05% of their portfolio | 61.9k $2.7m | Unchanged |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 61.8k $2.7m | Added +36.0k |
| ANCHOR CAPITAL ADVISORS LLC 0.08% of their portfolio | 60.7k $2.6m | Added +8.3k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 59.4k $2.6m | New |
| PEAK6 LLC 0.03% of their portfolio | 58.7k $2.5m | Reduced -5.4k |
| UniSuper Management Pty Ltd 0.01% of their portfolio | 57.3k $2.5m | Reduced -99.7k |
| GW&K Investment Management, LLC 0.02% of their portfolio | 56.8k $2.4m | Reduced -2.6k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio | 55.3k $2.4m | New |
| ROYCE & ASSOCIATES LP 0.02% of their portfolio | 53.5k $2.3m | Reduced -224 |
| Susquehanna Portfolio Strategies, LLC 0.04% of their portfolio | 53.1k $2.3m | Reduced -25.8k |
| Mariner, LLC 0.00% of their portfolio | 52.9k $2.3m | Added +7.1k |
| F/m Investments LLC 0.09% of their portfolio | 52.7k $2.3m | Reduced -1.5k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.07% of their portfolio | 48.5k $2.1m | Added +450 |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 48.4k $2.1m | Reduced -369.6k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 47.9k $2.1m | Reduced -24.6k |
| PARADIGM CAPITAL MANAGEMENT INC/NY 0.08% of their portfolio | 45.3k $1.9m | Unchanged |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 45.2k $1.9m | Added +26.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 43.6k $1.9m | Reduced -17.4k |
| Quantinno Capital Management LP 0.00% of their portfolio | 41.7k $1.8m | Added +32.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 41.0k $1.8m | Added +1.4k |