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T. Rowe Price Equity Income Fund reduced stake in Endava plc

Published 10/13/2020, 12:22 PM
Updated 10/13/2020, 12:30 PM
© Reuters. T. Rowe Price Equity Income Fund reduced stake in Endava plc

On the 30th of September, the T. Rowe Price Equity Income Fund sold 561 thousand Endava plc (NYSE:DAVA) shares for $35 million at an average price of $63.15 per share. Shares of Endava plc are up 5.37% since the transaction.

The T. Rowe Price Equity Income Fund's holding in Endava plc decreased to about 1.8 million shares with the transaction.

The T. Rowe Price Equity Income Fund first bought Endava plc stock in the third quarter of 2018. The T. Rowe Price Equity Income Fund also owns Sea Ltd (SE), ServiceNow Inc (NYSE:NOW), FleetCor Technologies (FLT) and Booz Allen (NYSE:BAH) Hamilton Holding Corp (BAH). Endava plc is its number eight position by number of shares and market value among it services stocks.

Other investors who also reduced their Endava plc shares include BT Investment Management. Contrary to the T. Rowe Price Equity Income Fund, Wasatch Advisors, Squarepoint Ops, and Standard Life (LON:SLA) Aberdeen added to DAVA shares, while Millennium Management and Victory Capital Management established new holdings in Endava plc.

The T. Rowe Price Equity Income Fund also reduced their share in Quidel Corporation (NASDAQ:QDEL), Becton Dickinson & Co. (NYSE:BDX), J.B.Hunt Transport Services Inc (JBHT), Sensata Technologies Holding N.V. (ST), Visteon Corp (NASDAQ:VC), Aptiv PLC (NYSE:APTV), Workday Inc A (NASDAQ:WDAY), Ollies Bargain Outlet Holdings Inc (OLLI), Carvana Co (NYSE:CVNA), DocuSign Inc (NASDAQ:DOCU), ShockWave Medical, Inc. (SWAV) and Alcon Inc. (NYSE:ALC). The total value of the shares sold is estimated at around $7.7 billion.

Additionally, the T. Rowe Price Equity Income Fund added to their share in Enerpac Tool Group Corp. (NYSE:EPAC), Vail Resorts Inc (NYSE:MTN), Packaging Corp of America (NYSE:PKG), Lumber Liquidators Holdings, In (NYSE:LL), Howard Bancorp, Inc. (NASDAQ:HBMD), Thermon Group Holdings, Inc. (NYSE:THR), Dunkin Brands Group Inc (DNKN), Matson , Inc. (NYSE:MATX), Constellium SE (NYSE:CSTM), Wix.com Ltd (NASDAQ:WIX), Xencor, Inc. (NASDAQ:XNCR), Professional Holding Corp. (PFHD), Planet Fitness Inc (NYSE:PLNT), MyoKardia, Inc. (NASDAQ:MYOK), Match Group, Inc (NASDAQ:MTCH), Bill.com Holdings, Inc. (NYSE:BILL), Slack Technologies Inc (NYSE:WORK), NexTier Oilfield Solutions Inc. (NEX), Avalara, Inc. (NYSE:AVLR), Palomar Holdings, Inc. (NASDAQ:PLMR), Crowdstrike Holdings (CRWD) and RAPT Therapeutics, Inc. (NASDAQ:RAPT). The total value of the shares bought is estimated at around $6.5 billion.

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