Progress Software CORP (PRGS) Hedge Fund & Institutional Holdings (Q2 2026)

PRGS ranks #2128 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

298 institutions disclose a position in PRGS, but none treat it as a major bet — even Heron Bay Capital Management, its most concentrated holder, allocates just 3.1% of its own portfolio to it.

Victory Capital Management Inc has added to its PRGS position for two straight quarters, increasing it by $55.9M to reach $56.7M today.

Citigroup Inc has trimmed its PRGS position for two straight quarters, cutting it by $29.8M while still holding $951.5K.

PRGS is up 0.6% today, and institutions have been net buyers of $253.4M this quarter — today's price move and the underlying institutional flow are pointing the same direction.

PRGS posted net income of $89.0M over the trailing twelve months, and currently trades at a P/E of 21.5.

• Profitable — net income of $89.0M over the trailing twelve months
• Revenue grew 15.5% year over year
• Net income improved year over year, from $57.6M to $89.0M
• Generated $235.2M in positive operating cash flow
• Current ratio of 0.49x — below the conventional 1.5x liquidity buffer
• Liabilities run 5.14x equity — a highly leveraged balance sheet worth noting