Progress Software expands AI coding assistants for UI libraries and reporting tools, enhancing developer productivity and automation.
Quiver AI Summary
Progress Software has announced an expansion of its AI-powered developer tools, introducing specialized AI coding assistants for a wide range of UI libraries such as Telerik and Kendo UI. This new capability enhances existing environments like GitHub Copilot and Claude Code, enabling developers to generate contextually aware code tailored to complex UI components. The assistants significantly improve productivity, with some early users reporting up to a 30% boost in efficiency. Progress is also enhancing its ThemeBuilder tool with AI features for easier styling and customization. Additionally, the Telerik and Kendo UI libraries now include AI functionalities that enhance end-user applications, offering smarter interactions and improved data handling. These innovations aim to streamline development processes and empower developers to create advanced user experiences quickly and effectively.
Potential Positives
- Progress Software has expanded its AI-powered developer capabilities significantly, enhancing its leading toolsets, Progress® Telerik® and Progress® Kendo UI®, across all major UI component libraries.
- Early adopters have reported productivity boosts of up to 30%, highlighting the effectiveness of the new AI Coding Assistants in improving developer efficiency.
- The integration of AI capabilities into both development tools and user-facing applications enhances overall user experience and productivity, setting Progress apart from generic coding tools.
- Progress's commitment to embedding intelligent features thoughtfully indicates a focus on delivering real improvements in developer workflows, reinforcing its position in the market.
Potential Negatives
- The announcement of AI Coding Assistants may imply that Progress Software was previously lacking in this technology, potentially raising concerns about the competitiveness of their earlier developer tools.
- Despite highlighting increased productivity for early adopters, the release does not provide quantitative data on overall performance or success rates across broader user bases, which could leave stakeholders questioning the reliability of these claims.
- The emphasis on AI-driven tools may create dependency concerns among developers, who might worry about the potential for loss of coding skills or job displacement as automation increases.
FAQ
What are the new AI coding assistants from Progress Software?
Progress Software has introduced AI coding assistants for various UI libraries and reporting tools to enhance developer productivity.
How do these AI coding assistants improve developer productivity?
The AI coding assistants provide deep context, automate repetitive tasks, and help developers generate precise code within their IDEs.
Which UI component libraries are supported by these AI tools?
The AI coding assistants support major libraries including ASP.NET Core, WPF, WinForms, .NET MAUI, and Angular.
What capabilities does Progress ThemeBuilder offer?
Progress ThemeBuilder now includes AI-driven features for creating and customizing themes using conversational prompts for efficiency.
How do AI capabilities enhance user interactions in applications?
AI features enable smarter conversational UIs, in-context interactions, and prompt-based data grid actions for improved user experience.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$PRGS Congressional Stock Trading
Members of Congress have traded $PRGS stock 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $PRGS stock by members of Congress over the last 6 months:
- REPRESENTATIVE LISA C. MCCLAIN has traded it 2 times. They made 1 purchase worth up to $15,000 on 07/10 and 1 sale worth up to $15,000 on 07/16.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$PRGS Insider Trading Activity
$PRGS insiders have traded $PRGS stock on the open market 13 times in the past 6 months. Of those trades, 3 have been purchases and 10 have been sales.
Here’s a breakdown of recent trading of $PRGS stock by insiders over the last 6 months:
- LOREN JARRETT (EVP/GM Digital Experience) has made 0 purchases and 3 sales selling 34,093 shares for an estimated $2,083,082.
- DOMENIC LOCOCO (Chief Accounting Officer) sold 7,185 shares for an estimated $410,407
- ANTHONY FOLGER (Chief Financial Officer) has made 0 purchases and 2 sales selling 5,529 shares for an estimated $292,871.
- DAVID KRALL purchased 5,125 shares for an estimated $250,612
- IAN PITT (Chief Information Officer) has made 0 purchases and 2 sales selling 2,889 shares for an estimated $182,120.
- YOGESH K GUPTA (Chief Executive Officer) purchased 2,100 shares for an estimated $103,194
- YUFAN STEPHANIE WANG (Chief Legal Officer) sold 1,428 shares for an estimated $83,209
- RAINER GAWLICK purchased 1,710 shares for an estimated $74,350
- SUNDAR SUBRAMANIAN (EVP/GM Infrastructure Mgmt) sold 501 shares for an estimated $30,210
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$PRGS Hedge Fund Activity
We have seen 171 institutional investors add shares of $PRGS stock to their portfolio, and 186 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SCHRODER INVESTMENT MANAGEMENT GROUP removed 296,767 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $15,286,468
- WELLINGTON MANAGEMENT GROUP LLP removed 271,202 shares (-20.0%) from their portfolio in Q2 2025, for an estimated $17,313,535
- LSV ASSET MANAGEMENT removed 255,470 shares (-66.6%) from their portfolio in Q2 2025, for an estimated $16,309,204
- BLACKROCK, INC. removed 252,935 shares (-3.6%) from their portfolio in Q2 2025, for an estimated $16,147,370
- MACQUARIE GROUP LTD removed 239,377 shares (-22.2%) from their portfolio in Q2 2025, for an estimated $15,281,827
- MILLENNIUM MANAGEMENT LLC added 238,779 shares (+138.9%) to their portfolio in Q2 2025, for an estimated $15,243,651
- RENAISSANCE TECHNOLOGIES LLC removed 198,400 shares (-36.8%) from their portfolio in Q2 2025, for an estimated $12,665,856
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$PRGS Analyst Ratings
Wall Street analysts have issued reports on $PRGS in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- DA Davidson issued a "Buy" rating on 07/01/2025
- Wedbush issued a "Outperform" rating on 07/01/2025
- Guggenheim issued a "Buy" rating on 04/01/2025
To track analyst ratings and price targets for $PRGS, check out Quiver Quantitative's $PRGS forecast page.
$PRGS Price Targets
Multiple analysts have issued price targets for $PRGS recently. We have seen 4 analysts offer price targets for $PRGS in the last 6 months, with a median target of $75.0.
Here are some recent targets:
- Fatima Boolani from Citigroup set a target price of $57.0 on 07/15/2025
- Lucky Schreiner from DA Davidson set a target price of $75.0 on 07/01/2025
- Daniel Ives from Wedbush set a target price of $75.0 on 07/01/2025
- John Difucci from Guggenheim set a target price of $83.0 on 04/01/2025
Full Release
Specialized AI coding assistants are now available for most UI libraries, reporting and styling tools, providing deep context to popular AI-powered IDEs and helping developers automate more and deliver faster
BURLINGTON, Mass., Sept. 18, 2025 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced a major expansion of its AI-powered developer capabilities in the Q3 2025 release of its leading developer toolsets, Progress® Telerik® and Progress® Kendo UI® .
Following the successful debut of AI Coding Assistants for Progress® Telerik® UI for Blazor and Progress® KendoReact™, Progress is extending this technology across all major UI component libraries—supporting ASP.NET Core, WPF, WinForms, .NET MAUI and Angular—and, for the first time, to Telerik Reporting and Progress Document Processing.
The Telerik and Kendo UI AI Coding Assistants are deeply integrated into developers’ existing integrated development environment (IDE) workflows. They work inside popular AI coding solutions like GitHub Copilot, Claude Code and Cursor, helping deliver highly specialized, context-aware code that understands the intricacies of the Telerik and Kendo UI components. This promotes faster delivery without compromising quality. Early adopters have already reported productivity boosts of up to 30% on top of what AI-powered IDEs already provide.
“AI coding tools have transformed software development, taking over more mundane work and allowing engineers to focus on more innovative tasks which demand expertise,” said Loren Jarrett, EVP and GM, Digital Experience, Progress Software. “While great efficiency drivers, these generic AI coding tools fall short when generating a sophisticated user interface with high expectations for experience and precision. Our coding assistants fill that gap—providing precise context and enterprise class UI libraries, enabling AI-powered generation of sophisticated experiences, directly from a developer’s AI code generator or IDE of choice.”
The AI Coding Assistants enable teams to build modern UIs, integrate advanced reports and automate document workflows more efficiently. They can generate and configure components, surface relevant API documentation, resolve component-specific issues and eliminate repetitive coding tasks—helping developers move from idea to beautiful implementation in less time.
“Progress isn’t just adding AI for hype—it’s thoughtfully embedding intelligent features into its developer tools to genuinely boost developer productivity. By focusing on practical integrations, Progress delivers AI solutions that make a real difference for software teams and their workflows,” said Steve Melan, Architect, Microsoft MVP.
As part of its ongoing investment in AI-driven developer experiences, Progress is also introducing new capabilities in Progress® ThemeBuilder℠ , its popular visual styling tool, for creating and customizing themes using conversational prompts, saving time otherwise spent manually editing properties and configuring CSS.
The AI productivity theme doesn’t stop at the developer experience. The Telerik and Kendo UI libraries also deliver AI capabilities that developers can embed into applications for their end-users:
- AI-enhanced Conversational UI (Chat) enables smarter, more natural interactions through streaming responses, text-to-speech, flexible response formats and built-in token tracking
- Inline AI Prompt for in-context interactions such as rewriting content, fixing errors and generating alternatives
- Updated AI Prompt control with a modern look and enhanced functionality
- Prompt-based Data Grid actions for sorting, grouping, filtering and row highlighting
-
AI Assistant column in Data Grids that delivers contextual summaries, explanations and warnings directly from row-level data
To learn more, visit https://www.telerik.com .
About Progress Software
Progress Software
(Nasdaq: PRGS) empowers organizations to achieve transformational success in the face of disruptive change. Our software enables our customers to develop, deploy and manage responsible AI-powered applications and digital experiences with agility and ease. Customers get a trusted provider in Progress, with the products, expertise and vision they need to succeed. Over 4 million developers and technologists at hundreds of thousands of enterprises depend on Progress. Learn more at
www.progress.com
.
Progress, Telerik, Kendo UI, KendoReact and ThemeBuilder are trademarks or registered trademarks of Progress Software Corporation and/or one of its subsidiaries or affiliates in the US and other countries. Any other trademarks contained herein are the property of their respective owners.
Press Contact:
Kim Baker
Progress Software
+1-800-477-6473
[email protected]
A video accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/3ac374f3-abbc-4c53-bafa-9ddd92ce2b98
