Praesidium Investment Management Company Upped Holding in Progress Software (PRGS) as Market Value Declined; Campbell Soup Co (CPB) Market Value Declined While Ironwood Investment Counsel Has Cut by $345,000 Its Position

January 14, 2018 - By Michael Collier

Praesidium Investment Management Company Llc increased its stake in Progress Software Corp (PRGS) by 7.14% based on its latest 2017Q3 regulatory filing with the SEC. Praesidium Investment Management Company Llc bought 283,968 shares as the company’s stock declined 0.96% while stock markets rallied. The institutional investor held 4.26M shares of the prepackaged software company at the end of 2017Q3, valued at $162.64 million, up from 3.98M at the end of the previous reported quarter. Praesidium Investment Management Company Llc who had been investing in Progress Software Corp for a number of months, seems to be bullish on the $2.42B market cap company. The stock increased 0.28% or $0.14 during the last trading session, reaching $50.69. About 1.20 million shares traded or 253.03% up from the average. Progress Software Corporation (NASDAQ:PRGS) has risen 15.05% since January 14, 2017 and is uptrending. It has underperformed by 1.65% the S&P500.

Ironwood Investment Counsel Llc decreased its stake in Campbell Soup Co (CPB) by 59.06% based on its latest 2017Q3 regulatory filing with the SEC. Ironwood Investment Counsel Llc sold 7,500 shares as the company’s stock declined 4.62% while stock markets rallied. The institutional investor held 5,200 shares of the packaged foods company at the end of 2017Q3, valued at $243,000, down from 12,700 at the end of the previous reported quarter. Ironwood Investment Counsel Llc who had been investing in Campbell Soup Co for a number of months, seems to be less bullish one the $13.68 billion market cap company. The stock decreased 0.52% or $0.24 during the last trading session, reaching $45.51. About 2.16M shares traded. Campbell Soup Company (NYSE:CPB) has declined 12.82% since January 14, 2017 and is downtrending. It has underperformed by 29.52% the S&P500.

Among 3 analysts covering Progress Software Corporation (NASDAQ:PRGS), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Progress Software Corporation had 11 analyst reports since October 2, 2015 according to SRatingsIntel. The firm has “Buy” rating by Benchmark given on Monday, January 18. The company was maintained on Friday, October 2 by Wedbush. On Wednesday, January 18 the stock rating was maintained by Wedbush with “Neutral”. Benchmark maintained Progress Software Corporation (NASDAQ:PRGS) on Tuesday, January 2 with “Buy” rating. Benchmark maintained it with “Buy” rating and $31.0 target in Friday, January 15 report. The stock of Progress Software Corporation (NASDAQ:PRGS) has “Neutral” rating given on Tuesday, September 13 by Ladenburg Thalmann. The stock has “Buy” rating by Benchmark on Wednesday, January 18. The stock has “Neutral” rating by Wedbush on Friday, June 24.

Praesidium Investment Management Company Llc, which manages about $1.38 billion and $1.23B US Long portfolio, decreased its stake in Tyler Technologies Inc (NYSE:TYL) by 11,924 shares to 488,003 shares, valued at $85.07M in 2017Q3, according to the filing. It also reduced its holding in Servicenow Inc (NYSE:NOW) by 9,012 shares in the quarter, leaving it with 377,296 shares, and cut its stake in Ptc Inc (NASDAQ:PTC).

Investors sentiment decreased to 1.14 in Q3 2017. Its down 0.35, from 1.49 in 2017Q2. It fall, as 17 investors sold PRGS shares while 69 reduced holdings. 37 funds opened positions while 61 raised stakes. 43.39 million shares or 0.11% more from 43.35 million shares in 2017Q2 were reported. Louisiana State Employees Retirement Sys accumulated 19,600 shares. Arizona State Retirement has 25,029 shares for 0.01% of their portfolio. Nj State Employees Deferred Compensation Plan holds 15,000 shares or 0.1% of its portfolio. D E Shaw And Com reported 0.01% stake. Hillsdale Investment Management holds 0.2% or 31,100 shares in its portfolio. Citadel holds 244,982 shares. Qs Invsts Ltd Liability invested in 168,726 shares or 0.05% of the stock. Prelude Cap Mngmt Ltd Company holds 0.02% of its portfolio in Progress Software Corporation (NASDAQ:PRGS) for 6,100 shares. Cubist Systematic Strategies Ltd Liability stated it has 0.03% in Progress Software Corporation (NASDAQ:PRGS). Price T Rowe Associate Md invested 0% of its portfolio in Progress Software Corporation (NASDAQ:PRGS). Thrivent Fincl For Lutherans holds 0.03% in Progress Software Corporation (NASDAQ:PRGS) or 244,912 shares. Parametric Port Assocs Lc invested 0.01% in Progress Software Corporation (NASDAQ:PRGS). Federated Invsts Pa reported 21,851 shares or 0% of all its holdings. First L P, a Illinois-based fund reported 40,321 shares. Bnp Paribas Arbitrage invested 0% of its portfolio in Progress Software Corporation (NASDAQ:PRGS).

Since October 6, 2017, it had 0 insider purchases, and 2 sales for $420,021 activity. Shares for $312,975 were sold by Carolan Edward.

Among 16 analysts covering Campbell Soup (NYSE:CPB), 1 have Buy rating, 6 Sell and 9 Hold. Therefore 6% are positive. Campbell Soup had 52 analyst reports since July 23, 2015 according to SRatingsIntel. The stock has “Underperform” rating by Credit Suisse on Wednesday, November 25. On Monday, September 19 the stock rating was downgraded by Argus Research to “Hold”. The company was maintained on Friday, July 7 by Stifel Nicolaus. On Wednesday, December 20 the stock rating was maintained by Citigroup with “Hold”. RBC Capital Markets maintained Campbell Soup Company (NYSE:CPB) on Monday, November 20 with “Hold” rating. The stock has “Hold” rating by RBC Capital Markets on Wednesday, October 25. The stock has “Underperform” rating by Bernstein on Tuesday, March 21. Piper Jaffray maintained Campbell Soup Company (NYSE:CPB) on Wednesday, October 11 with “Hold” rating. The stock of Campbell Soup Company (NYSE:CPB) earned “Sell” rating by UBS on Friday, September 2. The firm has “Neutral” rating given on Friday, September 2 by Citigroup.

Ironwood Investment Counsel Llc, which manages about $801.32M and $247.11M US Long portfolio, upped its stake in Sysco (NYSE:SYY) by 22,804 shares to 142,364 shares, valued at $7.68 million in 2017Q3, according to the filing. It also increased its holding in General Electric (NYSE:GE) by 40,073 shares in the quarter, for a total of 356,115 shares, and has risen its stake in Ch Robinson Worldwide Inc. (NASDAQ:CHRW).

Investors sentiment decreased to 0.98 in Q3 2017. Its down 0.01, from 0.99 in 2017Q2. It turned negative, as 49 investors sold CPB shares while 153 reduced holdings. 49 funds opened positions while 148 raised stakes. 137.50 million shares or 3.69% more from 132.61 million shares in 2017Q2 were reported. Victory Cap Mgmt has invested 0.02% in Campbell Soup Company (NYSE:CPB). Americafirst Cap Mngmt Limited Liability Corp accumulated 13,210 shares. Millennium Mgmt Limited Liability owns 701,996 shares for 0.05% of their portfolio. Finemark Natl National Bank & Trust owns 10,975 shares or 0.03% of their US portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Corp, Alberta – Canada-based fund reported 108,100 shares. Clifford Swan Invest Counsel Limited holds 0.03% or 9,433 shares in its portfolio. Arizona State Retirement System has invested 0.08% in Campbell Soup Company (NYSE:CPB). 3,000 are held by Whittier Trust Communication. Jennison Associate Ltd Liability has invested 0% in Campbell Soup Company (NYSE:CPB). Canada Pension Plan Invest Board holds 0.03% in Campbell Soup Company (NYSE:CPB) or 295,910 shares. Hbk Invs LP has 0.01% invested in Campbell Soup Company (NYSE:CPB) for 20,050 shares. 558,687 were accumulated by Sumitomo Mitsui Trust. Meyer Handelman reported 150,700 shares or 0.32% of all its holdings. 94,101 are held by Retirement Sys Of Alabama. M&T Bancorporation Corp reported 64,588 shares.

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