ClariVest Asset Management LLC continued to hold its position in Evolving Systems, Inc. (NASDAQ:EVOL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,674 shares of the technology company’s stock at the end of the second quarter. ClariVest Asset Management LLC owned about 0.22% of Evolving Systems worth $143,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lapides Asset Management LLC increased its position in Evolving Systems by 1.9% in the first quarter. Lapides Asset Management LLC now owns 397,200 shares of the technology company’s stock worth $1,926,000 after buying an additional 7,400 shares in the last quarter. Spark Investment Management LLC increased its position in Evolving Systems by 36.3% in the first quarter. Spark Investment Management LLC now owns 38,425 shares of the technology company’s stock worth $186,000 after buying an additional 10,225 shares in the last quarter. Renaissance Technologies LLC increased its position in Evolving Systems by 3.1% in the first quarter. Renaissance Technologies LLC now owns 508,449 shares of the technology company’s stock worth $2,466,000 after buying an additional 15,350 shares in the last quarter. Finally, Kokino LLC purchased a new position in Evolving Systems during the first quarter worth about $2,127,000. Hedge funds and other institutional investors own 30.12% of the company’s stock.

Evolving Systems, Inc. (NASDAQ EVOL) opened at 4.70 on Wednesday. The company’s 50-day moving average price is $4.93 and its 200-day moving average price is $4.90. Evolving Systems, Inc. has a 1-year low of $3.10 and a 1-year high of $5.70. The stock has a market cap of $58.86 million, a P/E ratio of 13.06 and a beta of 0.32.

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About Evolving Systems

Evolving Systems, Inc is a provider of software solutions for service enablement, on-device activation and management of services for connected devices for network operators. The Company operates in two segments: license fees and services revenue, and customer support revenue. Its service activation solution, Tertio is used to activate voice, video and data services for wireless, wireline and cable network operators.

Institutional Ownership by Quarter for Evolving Systems (NASDAQ:EVOL)

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