Kennedy Capital Management LLC Grows Stock Position in Progress Software Corporation $PRGS

Posted by on Jun 15th, 2026

Kennedy Capital Management LLC boosted its position in Progress Software Corporation (NASDAQ:PRGS – Free Report) by 20.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 309,884 shares of the software maker’s stock after purchasing an additional 51,673 shares during the period. Kennedy Capital Management LLC’s holdings in Progress Software were worth $13,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Hantz Financial Services Inc. increased its position in Progress Software by 194.1% in the fourth quarter. Hantz Financial Services Inc. now owns 747 shares of the software maker’s stock worth $32,000 after buying an additional 493 shares during the last quarter. Advisors Asset Management Inc. increased its position in Progress Software by 135.1% in the first quarter. Advisors Asset Management Inc. now owns 1,051 shares of the software maker’s stock worth $54,000 after buying an additional 604 shares during the last quarter. TD Private Client Wealth LLC increased its position in Progress Software by 1,042.5% in the fourth quarter. TD Private Client Wealth LLC now owns 1,291 shares of the software maker’s stock worth $55,000 after buying an additional 1,178 shares during the last quarter. Osaic Holdings Inc. increased its position in Progress Software by 183.0% in the second quarter. Osaic Holdings Inc. now owns 985 shares of the software maker’s stock worth $62,000 after buying an additional 637 shares during the last quarter. Finally, Leonteq Securities AG purchased a new position in shares of Progress Software in the fourth quarter valued at $79,000.

Progress Software Price Performance

Shares of NASDAQ PRGS opened at $31.47 on Monday. The stock has a market cap of $1.32 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 1.34 and a beta of 0.83. Progress Software Corporation has a fifty-two week low of $23.82 and a fifty-two week high of $65.50. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a fifty day moving average of $29.36 and a 200-day moving average of $35.98.

Progress Software (NASDAQ:PRGS – Get Free Report) last announced its quarterly earnings results on Monday, March 30th. The software maker reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.03. Progress Software had a return on equity of 43.67% and a net margin of 8.61%.The company had revenue of $248.00 million during the quarter, compared to analysts’ expectations of $246.40 million. During the same period in the previous year, the business earned $1.31 earnings per share. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. Equities research analysts anticipate that Progress Software Corporation will post 4.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. DA Davidson reduced their price target on Progress Software from $70.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, March 25th. Oppenheimer reduced their price target on Progress Software from $70.00 to $57.00 and set an “outperform” rating for the company in a research report on Tuesday, March 31st. Weiss Ratings cut Progress Software from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 16th. Wedbush reduced their price target on Progress Software from $65.00 to $45.00 and set an “outperform” rating for the company in a research report on Tuesday, March 31st. Finally, Jefferies Financial Group reduced their price target on Progress Software from $45.00 to $34.00 and set a “hold” rating for the company in a research report on Tuesday, March 31st. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $52.50.

Check Out Our Latest Stock Analysis on PRGS

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.

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Institutional Ownership by Quarter for Progress Software (NASDAQ:PRGS)

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