Progress Software (PRGS)
Provides software for application development, digital experiences, infrastructure, and secure collaboration.
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Sells a broad portfolio spanning OpenEdge application development, ShareFile collaboration, data connectivity, digital experience, secure file transfer, infrastructure management, DevOps, and AI data products. Revenue is US-weighted but international, with OpenEdge and ShareFile as the clearest current anchors.
Offers a portfolio of enterprise software used to build, deploy, and manage applications, digital experiences, data connectivity, infrastructure operations, secure file transfer, document collaboration, and AI-enabled data products. OpenEdge remains a core application-development base, while ShareFile, MOVEit, MarkLogic, Chef, Kemp, Telerik, Sitefinity, DataDirect, and related products broaden the stack.
Operates as a single reportable software segment with revenue weighted toward the United States but supported by customers across Canada, EMEA, Latin America, and Asia Pacific. Maintenance, SaaS, licenses, and services all contribute to the model.
Expands the portfolio through acquisitions chosen for recurring revenue, retention, complementary infrastructure software, and operating efficiency. Secure-file-transfer trust and post-MOVEit legal and regulatory processes remain structural dependencies.
Company facts
Categories
Target rangeAs of Sep 2, 2026
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 12, 2026 | DA Davidson | Reiterate | Buy | $45 | $55 | |
| Jul 23, 2026 | DA Davidson | Reiterate | Buy | $75 | $45 | |
| Jul 1, 2026 | Oppenheimer | Reiterate | Outperform | $80 | $50 | |
| Jan 5, 2026 | Jefferies | Reiterate | Hold | $50 | $45 | |
| Oct 13, 2025 | Citigroup | Upgrade | Neutral | Buy |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, May 31, 2026Cash & short-term investments $103.0M · Total debt $1.33B · Total assets $2.35B · Shareholders' equity $506.1M
- Revenue
- $253.5M
- Operating income
- $47.0M
- Net income
- $21.1M
Raised for 7 straight years.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 30, 2024 | Sep 2 | Sep 16 | $0.175 | |
| Jun 3, 2024 | Jun 3 | Jun 17 | $0.175 | |
| Feb 29, 2024 | Mar 1 | Mar 15 | $0.175 | |
| Nov 30, 2023 | Dec 1 | Dec 15 | $0.175 | |
| Aug 31, 2023 | Sep 1 | Sep 15 | $0.175 | |
| May 31, 2023 | Jun 1 | Jun 15 | $0.175 | |
| Feb 28, 2023 | Mar 1 | Mar 15 | $0.175 | |
| Nov 30, 2022 | Dec 1 | Dec 15 | $0.175 |
| Institutions309 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | ≈ 116.25% | 47.68M shares | |
| Insiders16 holders · as of Aug 18, 2026 | 2.29% | 938.1K shares | |
| Adds to | 118.54% |
41.01M company shares as of Sep 3, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 118.54%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
BlackRock, Inc.Institution | 18.46% | 7.57M | 13Fas of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 9.38% | 3.85M | 13Fas of Jun 30, 2026 |
State Street CorpInstitution | 4.78% | 1.96M | 13Fas of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.63% | 1.90M | 13Fas of Jun 30, 2026 |
Victory Capital Management IncInstitution | 4.12% | 1.69M | 13Fas of Jun 30, 2026 |
| See all 25 → | |||
13F — a manager's quarterly holdings
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 14, 2026 | Anthony Folger | officer: Chief Financial Officer | −2,000 | $44.80 |
| Jul 29, 2026 | Loren Jarrett | officer: EVP/GM Digital Experience | −11,747 | $41.61 |
| Jul 1, 2026 | Sundar Subramanian | officer: EVP/GM Infrastructure Mgmt | −10,597 | $38.27 |
| May 18, 2026 | Yufan Stephanie Wang | officer: Chief Legal Officer | −5,019 | $28.86 |
| May 19, 2026 | Anthony Folger | officer: Chief Financial Officer | −4,474 | $29.13 |
- Microsoft
Low-code, document collaboration, and DevOps platforms overlap
- Oracle
Low-code database applications and data platforms overlap
- IBM
Automation, MFT, and observability overlap with infrastructure tools
- Adobe
PDF, e-signature, and digital experience tools overlap
- Docusign
Agreement workflows and e-signature overlap with ShareFile
- F5
Application delivery and load balancing overlap with Kemp
- Datadog
Infrastructure and network monitoring overlap with WhatsUp Gold
- MongoDB
Document database and search platforms overlap with MarkLogic
ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Progress Software | $43.60 | +0.65% | $1.78B | 21.0 | 7.1 | 1.8 | 0.0% |
| Microsoft | $498.45 | +0.33% | $3.69T | 27.7 | 25.4 | 11.1 | +17.8% |
| Oracle | $146.47 | +0.49% | $419.83B | 25.0 | 18.1 | 6.2 | +20.6% |
| IBM | $233.70 | +0.87% | $218.29B | 20.5 | 18.2 | 3.2 | +1.1% |
| Adobe | $283.72 | +1.42% | $111.22B | 16.0 | 10.8 | 4.4 | +12.7% |
| Docusign | $66.50 | +1.64% | $12.49B | 42.5 | 13.6 | 3.8 | +8.7% |
| F5 | $395.00 | +1.11% | $22.06B | 31.2 | 22.5 | 6.7 | +10.9% |
| Datadog | $219.93 | +5.14% | $74.48B | 423.9 | 78.7 | 18.8 | +35.6% |
| MongoDB | $380.80 | +1.43% | $30.19B | 532.3 | 55.0 | 10.9 | +30.5% |
| Median | 29.4 | 20.3 | 6.5 | +15.2% |