GRT Capital Partners L.L.C. cut its holdings in Evolving Systems, Inc. (NASDAQ:EVOL) by 30.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,615 shares of the technology company’s stock after selling 13,051 shares during the period. GRT Capital Partners L.L.C. owned 0.24% of Evolving Systems worth $153,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Lapides Asset Management LLC lifted its stake in Evolving Systems by 1.9% in the 1st quarter. Lapides Asset Management LLC now owns 397,200 shares of the technology company’s stock worth $1,926,000 after purchasing an additional 7,400 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Evolving Systems by 3.1% in the 1st quarter. Renaissance Technologies LLC now owns 508,449 shares of the technology company’s stock worth $2,466,000 after purchasing an additional 15,350 shares in the last quarter. Kokino LLC purchased a new stake in Evolving Systems in the 1st quarter worth approximately $2,127,000. ClariVest Asset Management LLC lifted its stake in Evolving Systems by 5.4% in the 1st quarter. ClariVest Asset Management LLC now owns 27,674 shares of the technology company’s stock worth $134,000 after purchasing an additional 1,412 shares in the last quarter. Finally, Spark Investment Management LLC lifted its stake in Evolving Systems by 36.3% in the 1st quarter. Spark Investment Management LLC now owns 38,425 shares of the technology company’s stock worth $186,000 after purchasing an additional 10,225 shares in the last quarter. 31.47% of the stock is owned by institutional investors.

Shares of Evolving Systems, Inc. (NASDAQ EVOL) opened at 4.55 on Friday. The firm has a 50-day moving average of $4.76 and a 200 day moving average of $4.93. The stock has a market capitalization of $56.98 million, a PE ratio of 12.64 and a beta of 0.30. Evolving Systems, Inc. has a 1-year low of $3.10 and a 1-year high of $5.70.

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Evolving Systems Profile

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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