On the 31st of December, the T. Rowe Price Equity Income Fund bought 1.2 million Proofpoint Inc (NASDAQ:PFPT) shares for $160 million at an average price of $136.41 per share. Shares of Proofpoint Inc are down -21.21% since the transaction.
The T. Rowe Price Equity Income Fund's holding in Proofpoint Inc increased to about 7.6 million shares with the purchase.
The T. Rowe Price Equity Income Fund first bought Proofpoint Inc stock in the second quarter of 2012. The T. Rowe Price Equity Income Fund also owns Microsoft (NASDAQ:MSFT), Salesforce.com Inc (NYSE:CRM), Intuit Corp (NASDAQ:INTU) and Splunk Inc (NASDAQ:SPLK). Proofpoint Inc is its number ten position by number of shares and market value among software stocks.
Other investors who also added to their Proofpoint Inc shares include California State Teachers Retirement System, Champlain Investment Partners, and Wasatch Advisors. Contrary to the T. Rowe Price Equity Income Fund, Citigroup (NYSE:C), Fisher Asset Management, and Gilder Gagnon Howe & Co. reduced PFPT shares, while Mitsubishi UFJ (NYSE:MUFG) Securities International sold all their PFPT shares.
The T. Rowe Price Equity Income Fund has also recently reduced their share in RealPage, Inc. (RP), Zendesk (NYSE:ZEN) and Slack Technologies Inc (NYSE:WORK). The total value of the shares sold is estimated at around $1.6 billion.
Additionally, the T. Rowe Price Equity Income Fund added to their share in Bill.com Holdings, Inc. (NYSE:BILL). The total value of the shares bought is estimated at around $744 million.
The T. Rowe Price Equity Income Fund also reduced their share in MGM Resorts International (NYSE:MGM), PNM Resources, Inc. (Holding Co (PNM), Dennys Corp. (DENN), Becton Dickinson & Co. (NYSE:BDX), Equifax Inc (NYSE:EFX), Tyson Foods Inc (NYSE:TSN), J.B.Hunt Transport Services Inc (JBHT), Concho Resources Inc (NYSE:CXO), Visteon Corp (NASDAQ:VC), Aptiv PLC (NYSE:APTV), Sprouts Farmers Market Inc. (NASDAQ:SFM), Planet Fitness Inc (NYSE:PLNT), MyoKardia, Inc. (NASDAQ:MYOK), Endava plc (NYSE:DAVA) and Palomar Holdings, Inc. (NASDAQ:PLMR). The total value of the shares sold is estimated at around $4.8 billion.
In addition, the T. Rowe Price Equity Income Fund established new holdings in MultiPlan Corporation (MPLN) and IAC/InterActiveCorp (NASDAQ:IAC). The T. Rowe Price Equity Income Fund also added to their share in Quidel Corp (NASDAQ:QDEL), Yum Brands Inc (YUM), Vail Resorts Inc (NYSE:MTN), SEACOR Holdings Inc . (NYSE:CKH), SEACOR Holdings Inc., International Paper Co (NYSE:IP), Sealed Air Corp (NYSE:SEE), Lumber Liquidators Holdings, In (NYSE:LL), U.S. Physical Therapy, Inc. (USPH), REX American Resources (NASDAQ:AREC) Corporat (REX), Clearwater Paper Corporation (NYSE:CLW), RH (NYSE:RH), Franks International NV (FI), Snapchat Inc (SNAP), PCSB Financial Corporation (NASDAQ:PCSB), Cactus (NYSE:WHD), Inc. Class A Common Sto (WHD), Scholar Rock Holding Corporatio (NASDAQ:SRRK), PagerDuty Inc (NYSE:PD) and RAPT Therapeutics, Inc. (NASDAQ:RAPT). The total value of the shares bought is estimated at around $3.6 billion.