JPMorgan Chase Sells Majority Stake in Progress Software

Institutional investor reduces holding by over 90% in third quarter

Published on Mar. 6, 2026

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JPMorgan Chase & Co. has significantly reduced its stake in Progress Software Corporation, selling 2,548,471 shares and decreasing its ownership by 90.4% in the third quarter, according to a recent SEC filing. The institutional investor now holds just 270,954 shares, or approximately 0.63% of the software maker's stock.

Why it matters

This large divestment by a major institutional investor like JPMorgan Chase could signal a shift in sentiment around Progress Software, potentially impacting the stock price and raising questions about the company's future performance and growth prospects.

The details

According to the filing, JPMorgan Chase sold the majority of its Progress Software shares, retaining only a small fraction of its previous holding. The move comes as Progress Software has seen its stock price fluctuate in recent quarters, with the share price declining from a high of $65.50 to the current level around $40.

  • JPMorgan Chase reduced its stake in Progress Software in the third quarter of the company's 2026 fiscal year.

The players

JPMorgan Chase & Co.

A multinational investment bank and financial services company headquartered in New York City.

Progress Software Corporation

A software company that provides enterprise software solutions for building, deploying, and managing business applications across on-premises, cloud, and hybrid environments.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

This significant reduction in JPMorgan Chase's stake in Progress Software raises questions about the company's future performance and growth prospects, as a major institutional investor has chosen to divest the majority of its holdings. The move could signal a shift in sentiment around the stock and may impact the share price going forward.