On the 30th of September, the T. Rowe Price Equity Income Fund sold 2.8 million Proofpoint Inc (NASDAQ:PFPT) shares for $300 million at an average price of $105.55 per share. Shares of Proofpoint Inc are up 5.32% since the transaction.
The T. Rowe Price Equity Income Fund's holding in Proofpoint Inc decreased to about 4.9 million shares with the transaction.
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 DocuSign Inc (NASDAQ:DOCU), Splunk Inc (NASDAQ:SPLK), Veeva Systems Inc A (NYSE:VEEV) and Ceridian HCM Holding Inc . (NYSE:CDAY). Proofpoint Inc is its number eighteen position by number of shares and market value among software stocks.
Other investors who also reduced their Proofpoint Inc shares include Fisher Asset Management, Gilder Gagnon Howe & Co., and Millennium Management. Contrary to the T. Rowe Price Equity Income Fund, California State Teachers Retirement System, Champlain Investment Partners, and Eaton Vance (NYSE:EV) Management added to PFPT shares, while Point72 Asset Management introduced PFPT shares to their portfolio.
The T. Rowe Price Equity Income Fund has also recently reduced their share in DocuSign Inc. The total value of the shares sold is estimated at around $1.7 billion.
Additionally, the T. Rowe Price Equity Income Fund increased their share in Bill.com Holdings, Inc. (NYSE:BILL), Slack Technologies Inc (NYSE:WORK), Avalara, Inc. (NYSE:AVLR) and Crowdstrike Holdings (CRWD). The total value of the shares bought is estimated at around $2.3 billion.
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), Concho Resources Inc (NYSE:CXO), 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), Endava plc (NYSE:DAVA), ShockWave Medical, Inc. (SWAV) and Alcon Inc. (NYSE:ALC). The total value of the shares sold is estimated at around $6.4 billion.
Additionally, the T. Rowe Price Equity Income Fund increased 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), Clearwater Paper Corporation (NYSE:CLW), 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), NexTier Oilfield Solutions Inc. (NEX), Palomar Holdings, Inc. (NASDAQ:PLMR) and RAPT Therapeutics, Inc. (NASDAQ:RAPT). The total value of the shares bought is estimated at around $4.2 billion.