Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires Shares of 20,000 SecureWorks Corp. (NASDAQ:SCWX)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in SecureWorks Corp. (NASDAQ:SCWX) in the fourth quarter, Holdings Channel.com reports. The firm acquired 20,000 shares of the technology company’s stock, valued at approximately $169,000.

Several other large investors have also made changes to their positions in the business. Alpine Associates Management Inc. purchased a new stake in SecureWorks in the 4th quarter worth $5,273,000. Alberta Investment Management Corp purchased a new stake in shares of SecureWorks during the fourth quarter worth about $5,076,000. Wolverine Asset Management LLC purchased a new stake in shares of SecureWorks during the fourth quarter worth about $680,000. ABC Arbitrage SA acquired a new position in shares of SecureWorks during the 4th quarter worth about $535,000. Finally, Scalar Gauge Management LLC lifted its stake in SecureWorks by 16.4% in the 3rd quarter. Scalar Gauge Management LLC now owns 368,006 shares of the technology company’s stock valued at $3,257,000 after buying an additional 51,869 shares in the last quarter. 14.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on SecureWorks in a report on Monday. They set a “hold” rating for the company.

SecureWorks Price Performance

SecureWorks stock opened at $8.51 on Friday. The company has a fifty day simple moving average of $8.50 and a 200-day simple moving average of $8.36. The firm has a market capitalization of $755.94 million, a price-to-earnings ratio of -8.60 and a beta of 0.94. SecureWorks Corp. has a 52-week low of $5.61 and a 52-week high of $9.76.

SecureWorks Profile

SecureWorks Corp., through its subsidiaries, provides technology-driven information security solutions for protecting its customers in the United States and internationally. The company's solutions include software-as-a-service solutions; managed security services; and professional services, including incident response and penetration testing services.