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Connecticut investor John R. Purcell lowered his stake in Software Toolworks Inc. to 4.3% of the Chatsworth company’s stock from 5.3%.
In a filing with the Securities and Exchange Commission, Purcell said he sold 200,000 shares June 22 for $17 each, or $3.4 million. He now owns 856,474 shares, the filing said.
Software Toolworks makes software for the Nintendo home-video system and personal computers.