Wedge Money Management L L P NC ordered a new placement in Development Application Co. (NASDAQ:PRGS) in the 4th quarter, according to the company in its most new Variety 13F filing with the Securities and Trade Fee. The fund acquired 4,959 shares of the application maker’s stock, valued at approximately $224,000.
A quantity of other hedge funds and other institutional investors also not too long ago modified their holdings of the stock. Marshall Wace North The united states L.P. bought a new stake in Development Software in the 1st quarter valued at about $28,000. Harel Coverage Investments & Fiscal Expert services Ltd. ordered a new placement in shares of Development Software in the 3rd quarter valued at $43,000. Stage72 Hong Kong Ltd improved its place in shares of Development Application by 113.9% in the next quarter. Stage72 Hong Kong Ltd now owns 3,485 shares of the software program maker’s stock valued at $135,000 right after acquiring an added 1,856 shares in the very last quarter. Amundi Pioneer Asset Administration Inc. ordered a new placement in shares of Progress Application in the to start with quarter valued at $164,000. Ultimately, C M Bidwell & Associates Ltd. acquired a new placement in shares of Progress Program in the 3rd quarter valued at $192,000. 92.88% of the inventory is owned by institutional traders.
Shares of NASDAQ:PRGS opened at $47.70 on Wednesday. The stock’s 50-working day going ordinary price is $43.11 and its two-hundred day relocating typical value is $38.76. The corporation has a latest ratio of 1.41, a fast ratio of 1.41 and a financial debt-to-equity ratio of .74. Progress Application Co. has a 12-thirty day period reduced of $28.09 and a 12-month substantial of $52.50. The company has a market place cap of $2.15 billion, a selling price-to-earnings ratio of 38.16 and a beta of 1.02.
A selection of exploration corporations not too long ago commented on PRGS. Zacks Investment decision Investigation raised Development Software program from a “hold” ranking to a “buy” rating and set a $44.00 price tag goal on the stock in a investigation take note on Tuesday, October 27th. ValuEngine lifted Development Software from a “sell” score to a “hold” score in a investigation observe on Tuesday, January 5th. Last but not least, BidaskClub raised Progress Computer software from a “hold” rating to a “buy” rating in a research observe on Friday, December 25th. A person analyst has rated the inventory with a maintain ranking and 4 have presented a invest in ranking to the company’s stock. Progress Software has a consensus rating of “Buy” and a consensus focus on value of $44.00.
Progress Software Profile
Development Software program Company develops organization purposes. The enterprise operates through 3 segments: OpenEdge, Knowledge Connectivity and Integration, and Application Progress and Deployment. The OpenEdge segment offers Development OpenEdge, a improvement software, which builds multi-language applications for protected deployment throughout many platforms and gadgets, as effectively as cloud Progress Corticon, a enterprise policies administration technique that enables applications with decision automation and improve system, and determination-related insight abilities Development Kinvey, a system for building organization purposes MOVEit that presents secure collaboration and automated file transfers of essential business facts WhatsUp Gold, a community monitoring resolution and DataRPM, a cognitive predictive routine maintenance option for industrial IoT.
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