California State Teachers Retirement System decreased its stake in ShoreTel Inc (NASDAQ:SHOR) by 8.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,000 shares of the communications equipment provider’s stock after selling 11,500 shares during the quarter. California State Teachers Retirement System owned approximately 0.18% of ShoreTel worth $702,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Los Angeles Capital Management & Equity Research Inc. boosted its stake in ShoreTel by 0.4% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 110,743 shares of the communications equipment provider’s stock valued at $642,000 after buying an additional 390 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in ShoreTel by 1.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 48,475 shares of the communications equipment provider’s stock valued at $281,000 after buying an additional 815 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in ShoreTel by 1.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 258,671 shares of the communications equipment provider’s stock valued at $1,501,000 after buying an additional 2,601 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in ShoreTel by 5.0% in the second quarter. The Manufacturers Life Insurance Company now owns 56,377 shares of the communications equipment provider’s stock worth $327,000 after purchasing an additional 2,668 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of ShoreTel by 4.5% during the second quarter. Rhumbline Advisers now owns 81,520 shares of the communications equipment provider’s stock valued at $473,000 after acquiring an additional 3,477 shares during the period. 87.35% of the stock is currently owned by institutional investors and hedge funds.

ShoreTel Inc (NASDAQ:SHOR) opened at $7.50 on Friday. ShoreTel Inc has a one year low of $5.55 and a one year high of $8.41.

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About ShoreTel

ShoreTel, Inc is a provider of business communication solutions. The Company is engaged in the design, development, marketing and sale of business communication solutions. The Company is focused on the small and medium sized businesses seeking a unified communications (UC) solution allowing them to communicate anytime, anyplace and through any device they chose.

Institutional Ownership by Quarter for ShoreTel (NASDAQ:SHOR)

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