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

PRGS ranks #2132 out of 37696 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

299 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.

Wealth Enhancement Advisory Services, LLC has added to its PRGS position for two straight quarters, increasing it by $850.5K to reach $1.1M today.

GHP Investment Advisors, Inc. has trimmed its PRGS position for two straight quarters, cutting it by $1.9M while still holding $4.1K.

PRGS is down 0.1% today, but institutions show net buying of $253.4M this quarter — a divergence between today's price move and the underlying institutional flow.

PRGS posted net income of $92.4M over the trailing twelve months, and currently trades at a P/E of 19.5.

• Profitable — net income of $92.4M over the trailing twelve months
• Revenue grew 6.4% year over year
• Net income improved year over year, from $48.5M to $92.4M
• Generated $235.2M in positive operating cash flow
• Current ratio of 0.49x — below the conventional 1.5x liquidity buffer
• Liabilities run x equity — a highly leveraged balance sheet worth noting