Deutsche Bank AG Cuts Stock Position in CommScope Holding Company, Inc. (NASDAQ:COMM)

According to a recent Form 13F filing with the Securities and Exchange Commission (SEC), Deutsche Bank AG has decreased its holdings in CommScope Holding Company, Inc. NASDAQCOMM by 75.9% in the third quarter of 2021. Prior to the sale, Deutsche Bank owned 247,938 shares of the communications equipment provider's stock. After selling 781,528 shares during the quarter, the firm now owns 69,000 shares.

It is important to note that the reasons for this reduction in holdings are not specified in the Form 13F filing. However, it is possible that Deutsche Bank made this decision based on a variety of factors, such as changes in the company's financial performance or market conditions.

CommScope Holding Company, Inc. NASDAQCOMM is a global provider of communications equipment and services, with operations in over 100 countries. The company operates in several segments, including network infrastructure, wireless networks, and customer premises equipment. In the third quarter of 2021, CommScope reported net sales of $3.5 billion, up from $3.4 billion in the same period last year.

It is worth noting that Deutsche Bank's decision to reduce its holdings in CommScope Holding Company, Inc. NASDAQCOMM does not necessarily reflect any negative view of the company or its prospects. Rather, it may simply reflect a change in investment strategy or risk management considerations.