Vanguard Portfolio Management Increases Stake in Progress Software Corp to 9.57%

Vanguard Portfolio Management LLC filed a Schedule 13G/A on July 31, 2026, disclosing a significant ownership stake in Progress Software Corp (PRGS). As of the event date on June 30, 2026, Vanguard reported beneficial ownership of 3,926,288 shares of common stock, representing 9.57% of the company. This filing marks an increase from a previously reported 0.0% position, though it is categorized as an amendment (Amendment No. 1). The filing indicates that Vanguard holds sole dispositive power over all 3,926,288 shares, while holding sole voting power over 79,594 shares. The securities were acquired in the ordinary course of business and are not held for the purpose of influencing or changing the control of the issuer. The reported holdings include positions managed by affiliates such as Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC. No other single person's interest in these securities exceeds 5% of the total outstanding shares. Progress Software Corp is headquartered in Burlington, Massachusetts.