On the 31st of December, the T. Rowe Price Equity Income Fund sold 12 million Slack Technologies Inc (NYSE:WORK) shares for $526 million at an average price of $42.24 per share. Shares of Slack Technologies Inc are down -31.91% since the transaction.
The T. Rowe Price Equity Income Fund's holding in Slack Technologies Inc decreased to about 28 million shares with the transaction.
The T. Rowe Price Equity Income Fund first bought Slack Technologies Inc stock in the second quarter of 2019. 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). Slack Technologies Inc is its number seven position by number of shares and market value among software stocks.
Other investors who also reduced their Slack Technologies Inc shares include Citigroup (NYSE:C), Gilder Gagnon Howe & Co., and Thornburg Investment Management. Contrary to the T. Rowe Price Equity Income Fund, California State Teachers Retirement System, Eaton Vance (NYSE:EV) Management, and Nikko Asset Management Americas added to WORK shares, while Capital International Inc., First Pacific Advisors, and Millennium Management established new holdings in Slack Technologies Inc.
The T. Rowe Price Equity Income Fund has also recently reduced their share in RealPage, Inc. (RP) and Zendesk (NYSE:ZEN). The total value of the shares sold is estimated at around $1.1 billion.
Additionally, the T. Rowe Price Equity Income Fund added to their share in Proofpoint Inc (NASDAQ:PFPT) and Bill.com Holdings, Inc. (NYSE:BILL). The total value of the shares bought is estimated at around $904 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.
Additionally, 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 increased 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.