Progress Software Corp (NASDAQ:PRGS) Institutional Investor Sentiment Is 0.94

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Sentiment for Progress Software Corp (NASDAQ:PRGS)

Progress Software Corp (NASDAQ:PRGS) institutional sentiment increased to 0.94 in 2018 Q3. Its up 0.13, from 0.81 in 2018Q2. The ratio increased, as 93 institutional investors increased and started new equity positions, while 99 sold and decreased their stock positions in Progress Software Corp. The institutional investors in our partner’s database now possess: 39.64 million shares, up from 39.53 million shares in 2018Q2. Also, the number of institutional investors holding Progress Software Corp in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 18 Reduced: 81 Increased: 66 New Position: 27.

Progress Software Corporation provides software solutions for various industries worldwide. The company has market cap of $1.65 billion. The Company’s OpenEdge segment offers Progress OpenEdge, a development software, which manufactures multi-language applications for secure deployment across various platforms and devices, as well as cloud; and Progress Corticon, a business rules management system that enables applications with decision automation and change process, and decision-related insight capabilities. It has a 27.96 P/E ratio. The companyÂ’s Data Connectivity and Integration segment provides Progress DataDirect Connect software, which offers data connectivity using industry-standard interfaces to connect applications running on various platforms; and Progress DataDirect Cloud, a software-as-a-service based connection management service that simplifies SQL access to a spectrum of cloud data sources through a single standards interface.

The stock increased 0.55% or $0.2 during the last trading session, reaching $36.68. About 221,034 shares traded. Progress Software Corporation (NASDAQ:PRGS) has declined 16.18% since January 12, 2018 and is downtrending. It has underperformed by 16.18% the S&P500.

Oaktop Capital Management Ii L.P. holds 4.81% of its portfolio in Progress Software Corporation for 612,526 shares. Piermont Capital Management Inc. owns 67,377 shares or 0.95% of their US portfolio. Moreover, Praesidium Investment Management Company Llc has 0.68% invested in the company for 276,408 shares. The California-based Phocas Financial Corp. has invested 0.51% in the stock. Heartland Advisors Inc, a Wisconsin-based fund reported 194,051 shares.

Since January 1, 0001, it had 0 buys, and 1 insider sale for $70,000 activity.

More notable recent Progress Software Corporation (NASDAQ:PRGS) news were published by: Seekingalpha.com which released: “Stocks To Watch: More Trade Tiffs And Stress Tests – Seeking Alpha” on June 23, 2018, also Businesswire.com with their article: “NativeScript-Powered Portable North Pole App Exceeds a Quarter Million Unique Sessions Per Day Leading into Final Week of Holiday Season – Business Wire” published on December 19, 2018, Businesswire.com published: “Progress Releases NativeScript 5.0; Crosses 3.5 Million Downloads – Business Wire” on November 06, 2018. More interesting news about Progress Software Corporation (NASDAQ:PRGS) were released by: Nasdaq.com and their article: “Why Progress Software Inc. Stock Is Plunging Today – Nasdaq” published on September 28, 2018 as well as Nasdaq.com‘s news article titled: “Pre-Market Most Active for Sep 13, 2018 : KR, NIO, BRC, FDC, AZN, CZR, MU, BIP, TLRY, QQQ, PRGS, AAPL – Nasdaq” with publication date: September 13, 2018.

Progress Software Corporation (NASDAQ:PRGS) Institutional Positions Chart

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