Texas Permanent School Fund Corp Sells 2,998 Shares of Harmonic Inc. (NASDAQ:HLIT)

The Texas Permanent School Fund Corp (TPSFC) has recently sold 2,998 shares of Harmonic Inc. NASDAQHLIT for an undisclosed amount. Harmonic Inc. is a leading provider of video and broadband equipment solutions, with operations in North America, Europe, Asia, and the Middle East. The company's products include cable modems, routers, switches, and other networking equipment used by service providers to deliver high-speed internet and television services to consumers and businesses.

The TPSFC is a state-owned investment fund that manages the endowment of the Texas public schools. Its primary mission is to invest the endowment in a diversified portfolio of assets, including stocks, bonds, real estate, and other investments, with the goal of generating long-term returns for the benefit of the state's public schools.

The sale of Harmonic Inc. shares by the TPSFC represents a relatively small portion of its overall investment portfolio, which is valued at over $30 billion as of 2021. The exact reasons for the sale are not disclosed, but it is likely that the TPSFC periodically reviews and adjusts its investments based on market conditions and other factors.

Overall, the sale of Harmonic Inc. shares by the TPSFC does not have a significant impact on the company's operations or financial performance. However, it may be of interest to investors who are tracking the company's stock price or following developments in the video and broadband equipment industry.