Alphabet Inc. (NASDAQ:GOOG) Shares Sold by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc decreased its stake in Alphabet Inc. (NASDAQ:GOOG) by 5.2% in the second quarter, according to the company's most recent Form 13F filing with the Securities and Exchange Commission.

The fund owned 2,476,451 shares of the technology company's stock after selling 139,910 shares during the quarter. This represents approximately 0.03% of Alphabet's outstanding shares.

AEGON ASSET MANAGEMENT UK Plc is a subsidiary of the Dutch financial services company, AEGON N.V. The firm provides asset management services to institutional and individual investors worldwide.

Other notable changes in AEGON ASSET MANAGEMENT UK Plc's portfolio during the second quarter include a 4.8% increase in its stake in Microsoft Corporation (NASDAQ:MSFT), a 3.1% decrease in its stake in Amazon.com, Inc. (NASDAQ:AMZN), and a 0.9% decrease in its stake in Apple Inc. (NASDAQ:AAPL).

Alphabet's stock price has declined by about 20% since the beginning of the year, as investors have grown concerned about the company's slowing growth rate and its increasing competition from other technology companies. However, the company remains a leader in the technology industry, and its stock is still considered a relatively safe investment.

Analysts believe that Alphabet's stock is undervalued and that the company is well-positioned to continue to grow in the future. The company has a number of promising new products in the pipeline, including its self-driving car technology and its artificial intelligence platform.

Investors who are looking for a long-term investment in the technology sector may want to consider Alphabet Inc. (NASDAQ:GOOG). The company is a leader in the industry and is well-positioned to continue to grow in the future.