Vanguard Capital Management Acquires 5.35% Stake in Progress Software Corp

Vanguard Capital Management LLC filed a Schedule 13G on April 30, 2026, reporting a new 5.35% ownership stake in Progress Software Corp (PRGS). As of the event date on March 31, 2026, the firm beneficially owns 2,254,185 shares of common stock. The filing indicates that Vanguard holds sole dispositive power over the entire position of 2,254,185 shares, while maintaining sole voting power over 325,545 shares. This acquisition represents a significant increase from a previous position of 0.0%, marking Vanguard's entry as a major institutional shareholder. The filing includes holdings from various affiliates, including Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. Vanguard certified that the shares were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. The reported value of the position is approximately $65.26 million based on the provided supplementary data.