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 ($5.8m this quarter). Holder counts are more reliable. Shares outstanding: 42.1m as of 2026-03-26, 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 ≈ $25.71. Options: 12 managers hold calls ($11.7m notional), 11 hold puts ($10.7m).
Trends to Q1 2026
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 |
| Q1 2026 | 294 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q1 2026 | 144 | 172 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $25.6m | $66.3m | 2.59 |
| Q3 2025 | $70.2m | $84.3m | 1.20 |
| Q4 2025 | $92.1m | $19.7m | 0.21 |
| Q1 2026 | $11.7m | $10.7m | 0.91 |
Biggest buyers
| VICTORY CAPITAL MANAGEMENT INC | Added | +928.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +698.6k |
| Heron Bay Capital Management | Added | +650.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +477.9k |
| Point72 Asset Management, L.P. | New | +327.8k |
| Pacer Advisors, Inc. | Added | +257.6k |
| GOLDMAN SACHS GROUP INC | Added | +218.4k |
| IMC-Chicago, LLC | New | +204.7k |
| JPMORGAN CHASE & CO | Added | +161.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Added | +139.3k |
Biggest sellers
| WELLINGTON MANAGEMENT GROUP LLP | Sold out | -1.4m |
| Capital International Investors | Sold out | -722.1k |
| Allspring Global Investments Holdings, LLC | Reduced | -700.7k |
| FULLER & THALER ASSET MANAGEMENT, INC. | Reduced | -634.3k |
| Diamond Hill Capital Management, LLC (Investment Advisor) | Sold out | -495.3k |
| Jefferies Financial Group Inc. | Reduced | -337.7k |
| Swedbank AB | Reduced | -302.1k |
| NATIXIS | Reduced | -284.8k |
| Swiss Life Asset Management Ltd | Sold out | -268.0k |
| MARSHALL WACE, LLP | Reduced | -222.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.6m178.7k shares |
| CITADEL ADVISORS LLC | Reduced | $1.8m70.6k shares |
| IMC-Chicago, LLC | Added | $1.1m42.6k shares |
| SIMPLEX TRADING, LLC | Added | $920.8k35.9k shares |
| CITIGROUP INC | Reduced | $707.9k27.6k shares |
| JANE STREET GROUP, LLC | Reduced | $690.0k26.9k shares |
| Walleye Trading LLC | Added | $643.8k25.1k shares |
| GROUP ONE TRADING LLC | Added | $433.5k16.9k shares |
| Walleye Capital LLC | Added | $420.7k16.4k shares |
| DRW Securities, LLC | New | $377.1k14.7k shares |
Biggest puts
| Jefferies Financial Group Inc. | New | $6.4m250.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.3m49.0k shares |
| Walleye Capital LLC | Added | $772.1k30.1k shares |
| WOLVERINE ASSET MANAGEMENT LLC | Reduced | $766.9k29.9k shares |
| JANE STREET GROUP, LLC | New | $574.6k22.4k shares |
| CITADEL ADVISORS LLC | Added | $466.8k18.2k shares |
| D. E. Shaw & Co., Inc. | Reduced | $315.5k12.3k shares |
| SIMPLEX TRADING, LLC | Added | $59.0k2.3k shares |
| Walleye Trading LLC | Reduced | $41.0k1.6k shares |
| BANK OF NOVA SCOTIA | Unchanged | $25.6k1.0k 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 Q1 2026
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 |
|---|---|---|---|---|---|
| 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 |
| Q1 2026 | 0 | — | 2 | $1.2m | $1.2m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-11 | Subramanian Sundar EVP/GM Infrastructure Mgmt | Sold plan | $61.2k1.6k shares |
| 2026-03-10 | Subramanian Sundar EVP/GM Infrastructure Mgmt | Sold plan | $813.0k21.6k shares |
| 2026-02-03 | FOLGER ANTHONY Chief Financial Officer | Sold plan | $240.0k6.0k shares |
| 2026-01-26 | Subramanian Sundar EVP/GM Infrastructure Mgmt | Sold plan | $57.3k1.4k 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, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 7.0m $178.8m | Added +17.0k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 3.4m $88.0m | First filing |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.9m $49.5m | First filing |
| STATE STREET CORP 0.00% of their portfolio | 1.8m $45.2m | Reduced -6.7k |
| Boston Trust Walden Corp 0.36% of their portfolio | 1.7m $44.1m | Reduced -149.4k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.2m $31.7m | Added +121.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 1.2m $31.3m | Added +698.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.1m $27.9m | Added +5.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio | 1.1m $27.5m | Added +139.3k |
| LSV ASSET MANAGEMENT 0.05% of their portfolio | 988.4k $25.4m | Added +6.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 947.9k $24.3m | Added +928.3k |
| Heron Bay Capital Management 2.17% of their portfolio | 915.7k $23.5m | Added +650.8k |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 0.52% of their portfolio | 884.8k $22.7m | Reduced -20.1k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 707.8k $18.2m | Reduced -32.8k |
| MORGAN STANLEY 0.00% of their portfolio | 693.7k $17.8m | Added +103.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 651.0k $16.7m | Added +218.4k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.03% of their portfolio | 648.9k $16.6m | Reduced -173.6k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.05% of their portfolio | 635.2k $16.3m | Reduced -634.3k |
| FMR LLC 0.00% of their portfolio | 611.1k $15.7m | Added +124.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 597.7k $15.3m | Added +38.8k |
| SEGALL BRYANT & HAMILL, LLC 0.21% of their portfolio | 570.1k $14.6m | Reduced -29.0k |
| BARCLAYS PLC 0.00% of their portfolio | 518.5k $13.3m | Reduced -197.2k |
| OAKTOP CAPITAL MANAGEMENT II, L.P. 0.97% of their portfolio | 508.6k $13.0m | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 495.8k $12.7m | Added +477.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 486.7k $12.5m | Reduced -80.7k |
| DekaBank Deutsche Girozentrale 0.02% of their portfolio | 478.9k $12.9m | Unchanged |
| RICE HALL JAMES & ASSOCIATES, LLC 0.65% of their portfolio | 452.7k $11.6m | Added +96.8k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 446.4k $11.5m | Reduced -5.1k |
| Swedbank AB 0.01% of their portfolio | 433.6k $11.1m | Reduced -302.1k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 389.7k $10.0m | Added +102.6k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 327.8k $8.4m | New |
| GLENMEDE TRUST CO NA 0.04% of their portfolio | 312.3k $8.0m | Added +41.6k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.17% of their portfolio | 304.9k $7.8m | Reduced -5.0k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 294.1k $7.5m | First filing |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 287.9k $7.2m | Reduced -700.7k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 264.2k $6.8m | Reduced -21.9k |
| Pacer Advisors, Inc. 0.02% of their portfolio | 259.4k $6.7m | Added +257.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 258.8k $7.3m | Added +161.8k |
| Invesco Ltd. 0.00% of their portfolio | 258.4k $6.6m | Added +44.8k |
| Dana Investment Advisors, Inc. 0.20% of their portfolio | 258.1k $6.6m | Added +118.1k |
| Woodline Partners LP 0.02% of their portfolio | 221.5k $5.7m | Added +59.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 213.4k $5.5m | Reduced -88.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 211.9k $5.4m | Reduced -115.0k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 210.1k $5.4m | Added +20.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 205.9k $5.3m | Reduced -105.2k |
| IMC-Chicago, LLC 0.08% of their portfolio | 204.7k $5.2m | New |
| Public Sector Pension Investment Board 0.02% of their portfolio | 198.8k $5.1m | Added +50.3k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 188.9k $4.8m | Reduced -114.5k |
| UBS Group AG 0.00% of their portfolio | 188.8k $4.8m | Reduced -10.9k |
| NOMURA HOLDINGS INC 0.04% of their portfolio | 185.5k $4.8m | Reduced -89.4k |
| CAPITAL FUND MANAGEMENT S.A. 0.04% of their portfolio | 165.6k $4.2m | Added +60.5k |
| NATIXIS 0.02% of their portfolio | 155.0k $4.0m | Reduced -284.8k |
| Hillsdale Investment Management Inc. 0.10% of their portfolio | 142.6k $3.7m | Added +17.8k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 136.9k $3.5m | Added +32.2k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 135.7k $3.5m | Reduced -7.5k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 121.6k $3.1m | Added +1.8k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.11% of their portfolio | 116.0k $3.0m | Added +67.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 100.9k $2.6m | Reduced -1.6k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 100.8k $2.6m | Added +33.4k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 99.8k $2.6m | Reduced -217.2k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio | 97.5k $2.5m | Reduced -56.3k |
| Legal & General Group Plc 0.00% of their portfolio | 95.9k $2.5m | Reduced -12.2k |
| BESSEMER GROUP INC 0.00% of their portfolio | 93.3k $2.4m | Reduced -277 |
| SG Americas Securities, LLC 0.00% of their portfolio | 92.8k $2.4m | Added +64.6k |
| Nuveen, LLC 0.00% of their portfolio | 92.5k $2.4m | Reduced -1.5k |
| BANK OF NOVA SCOTIA 0.00% of their portfolio | 92.1k $2.4m | Reduced -73.8k |
| Dynamic Technology Lab Private Ltd 0.38% of their portfolio | 91.1k $2.3m | New |
| Corient Private Wealth LP 0.00% of their portfolio | 90.7k $2.3m | New |
| Swiss National Bank 0.00% of their portfolio | 84.6k $2.2m | Unchanged |
| Edgestream Partners, L.P. 0.07% of their portfolio | 79.2k $2.0m | Reduced -127.9k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 78.0k $2.0m | Added +50.1k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 77.0k $2.0m | Added +4.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 76.5k $2.0m | Reduced -148.0k |
| GHP Investment Advisors, Inc. 0.08% of their portfolio | 75.9k $1.9m | Reduced -2.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 72.8k $1.9m | Added +5.1k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 72.3k $1.9m | Added +31.9k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.03% of their portfolio | 65.4k $1.7m | New |
| XTX Topco Ltd 0.03% of their portfolio | 62.8k $1.6m | Added +46.6k |
| Choate Investment Advisors 0.03% of their portfolio | 61.9k $1.6m | Unchanged |
| TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio | 61.4k $1.6m | New |
| ANCHOR CAPITAL ADVISORS LLC 0.04% of their portfolio | 60.7k $1.6m | Added +63 |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 58.3k $1.5m | Reduced -23.8k |
| Y-Intercept (Hong Kong) Ltd 0.03% of their portfolio | 57.9k $1.5m | New |
| UniSuper Management Pty Ltd 0.01% of their portfolio | 57.3k $1.5m | Unchanged |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 57.2k $1.5m | Reduced -127.0k |
| Mariner, LLC 0.00% of their portfolio | 57.0k $1.5m | Added +4.1k |
| Man Group plc 0.00% of their portfolio | 54.6k $1.4m | New |
| DARK FOREST CAPITAL MANAGEMENT LP 0.12% of their portfolio | 54.5k $1.4m | Added +31.0k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.03% of their portfolio | 54.0k $1.4m | New |
| Susquehanna Portfolio Strategies, LLC 0.02% of their portfolio | 53.1k $1.4m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 53.0k $1.4m | Added +12.0k |
| TWINBEECH CAPITAL LP 0.14% of their portfolio | 52.3k $1.3m | Added +13.1k |
| ROYCE & ASSOCIATES LP 0.01% of their portfolio | 51.7k $1.3m | Reduced -1.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 50.6k $1.3m | Reduced -16.6k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 50.3k $1.3m | Reduced -111.8k |
| GSA CAPITAL PARTNERS LLP 0.08% of their portfolio | 49.9k $1.3m | New |
| Blueshift Asset Management, LLC 0.39% of their portfolio | 49.8k $1.3m | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 48.1k $2.1m | Added +186 |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 48.0k $1.2m | Added +2.8k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 47.7k $1.2m | First filing |