22NW LP cut its holdings in shares of Evolving Systems Inc (NASDAQ:EVOL) by 12.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 201,627 shares of the technology company’s stock after selling 28,125 shares during the period. 22NW LP owned about 1.61% of Evolving Systems worth $978,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its holdings in shares of Evolving Systems by 28.8% during the third quarter. Dimensional Fund Advisors LP now owns 120,797 shares of the technology company’s stock valued at $586,000 after buying an additional 27,008 shares during the last quarter. Lapides Asset Management LLC grew its position in Evolving Systems by 11.4% in the third quarter. Lapides Asset Management LLC now owns 442,600 shares of the technology company’s stock worth $2,147,000 after buying an additional 45,400 shares during the last quarter. Renaissance Technologies LLC grew 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 during the last quarter. Finally, Kokino LLC grew its position in Evolving Systems by 90.2% in the second quarter. Kokino LLC now owns 834,226 shares of the technology company’s stock worth $4,296,000 after buying an additional 395,612 shares during the last quarter. Institutional investors and hedge funds own 34.37% of the company’s stock.
Evolving Systems Inc (EVOL) opened at $4.60 on Friday. Evolving Systems Inc has a 52-week low of $3.80 and a 52-week high of $5.70. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.21 and a current ratio of 1.57. The firm has a market cap of $58.26, a P/E ratio of 11.63 and a beta of 0.37.
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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.
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