Sanctuary Advisors LLC Invests $1.67 Million in Progress Software Corporation $PRGS

Posted by Francis Steltz on Aug 27th, 2026

Sanctuary Advisors LLC bought a new stake in Progress Software Corporation (NASDAQ:PRGS – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 49,767 shares of the software maker’s stock, valued at approximately $1,671,000. Sanctuary Advisors LLC owned about 0.12% of Progress Software at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. ProShare Advisors LLC boosted its stake in Progress Software by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 8,333 shares of the software maker’s stock valued at $358,000 after acquiring an additional 258 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Progress Software by 0.8% during the second quarter. California State Teachers Retirement System now owns 39,639 shares of the software maker’s stock worth $2,531,000 after purchasing an additional 333 shares in the last quarter. Moody National Bank Trust Division lifted its holdings in shares of Progress Software by 1.3% in the 2nd quarter. Moody National Bank Trust Division now owns 28,230 shares of the software maker’s stock valued at $948,000 after purchasing an additional 357 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Progress Software by 23.9% in the 2nd quarter. GAMMA Investing LLC now owns 2,126 shares of the software maker’s stock valued at $71,000 after purchasing an additional 410 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC boosted its position in shares of Progress Software by 0.9% in the 4th quarter. Susquehanna Fundamental Investments LLC now owns 48,522 shares of the software maker’s stock valued at $2,085,000 after purchasing an additional 450 shares during the period.

Progress Software Price Performance

Shares of NASDAQ:PRGS opened at $43.53 on Thursday. Progress Software Corporation has a 52 week low of $23.82 and a 52 week high of $47.37. The company has a 50-day moving average price of $39.01 and a 200 day moving average price of $34.57. The company has a market cap of $1.79 billion, a P/E ratio of 21.13, a PEG ratio of 1.82 and a beta of 0.81. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.55.

Progress Software (NASDAQ:PRGS – Get Free Report) last released its earnings results on Tuesday, June 30th. The software maker reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.16. The company had revenue of $253.47 million for the quarter, compared to analysts’ expectations of $242.74 million. Progress Software had a return on equity of 43.07% and a net margin of 8.87%.The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.40 EPS. Progress Software has set its FY 2026 guidance at 6.090-6.210 EPS and its Q3 2026 guidance at 1.530-1.590 EPS. Research analysts predict that Progress Software Corporation will post 4.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on PRGS. DA Davidson lifted their price target on Progress Software from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Weiss Ratings upgraded shares of Progress Software from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Oppenheimer cut their target price on shares of Progress Software from $57.00 to $50.00 and set an “outperform” rating on the stock in a report on Wednesday, July 1st. Finally, Guggenheim reiterated a “buy” rating and set a $83.00 price target on shares of Progress Software in a research note on Wednesday, July 1st. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $52.17.

View Our Latest Stock Analysis on Progress Software

Insider Transactions at Progress Software

In other Progress Software news, EVP Sundar Subramanian sold 10,597 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $38.27, for a total value of $405,547.19. Following the completion of the sale, the executive vice president owned 18,370 shares of the company’s stock, valued at approximately $703,019.90. This trade represents a 36.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.10% of the company’s stock.

Progress Software Profile

(Free Report)

Progress Software (NASDAQ: PRGS) is a global provider of enterprise software designed to simplify and accelerate the delivery of business applications. The company’s offerings span digital experience management, application development and deployment, data connectivity and integration, and predictive analytics. Progress supports organizations in building, deploying, and managing mission-critical applications across on-premises, cloud and hybrid environments, helping to reduce development complexity and operational overhead.

Key products in Progress’s portfolio include Progress OpenEdge, a robust development and database platform for building transactional applications; Progress DataDirect, which enables high-performance connectivity to disparate data sources; Progress Sitefinity, a digital experience platform for content management and personalization; Progress Telerik, a suite of UI controls and developer tools; and Progress Kinvey, a serverless backend platform for mobile and web applications.