Investor Lowers His Stake in Toolworks

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.