Renaissance Technologies LLC Has $2.47 Million Stake in Evolving Systems, Inc. (EVOL)
Renaissance Technologies LLC raised its stake in Evolving Systems, Inc. (NASDAQ:EVOL) by 3.1% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 508,449 shares of the technology company’s stock after buying an additional 15,350 shares during the period. Renaissance Technologies LLC’s holdings in Evolving Systems were worth $2,466,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Kokino LLC acquired a new stake in shares of Evolving Systems during the first quarter valued at $2,127,000. ClariVest Asset Management LLC boosted its stake in shares of Evolving Systems by 5.4% in the first quarter. ClariVest Asset Management LLC now owns 27,674 shares of the technology company’s stock valued at $134,000 after buying an additional 1,412 shares during the period. Finally, Spark Investment Management LLC boosted its stake in shares of Evolving Systems by 36.3% in the first quarter. Spark Investment Management LLC now owns 38,425 shares of the technology company’s stock valued at $186,000 after buying an additional 10,225 shares during the period. Institutional investors and hedge funds own 30.12% of the company’s stock.
Shares of Evolving Systems, Inc. (EVOL) traded down 1.347% during mid-day trading on Wednesday, reaching $4.834. 7,220 shares of the company’s stock traded hands. The company has a market cap of $60.30 million, a P/E ratio of 14.648 and a beta of 0.32. The firm has a 50-day moving average of $4.96 and a 200 day moving average of $4.89. Evolving Systems, Inc. has a 12-month low of $3.10 and a 12-month high of $5.70.
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Evolving Systems Company 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.
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