SecureWorks (NASDAQ:SCWX) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of SecureWorks (NASDAQ:SCWX) in a report released on Wednesday morning. The brokerage issued a hold rating on the technology company’s stock.

Other equities research analysts have also recently issued reports about the company. Needham & Company LLC reiterated a “hold” rating on shares of SecureWorks in a research note on Tuesday, October 22nd. Barclays lifted their target price on shares of SecureWorks from $6.00 to $7.00 and gave the stock an “underweight” rating in a research note on Friday, September 6th.

SecureWorks Stock Down 0.1 %

Shares of SCWX opened at $8.45 on Wednesday. The company has a 50 day moving average of $8.37 and a two-hundred day moving average of $7.68. The company has a market cap of $750.60 million, a price-to-earnings ratio of -8.54 and a beta of 1.00. SecureWorks has a twelve month low of $5.61 and a twelve month high of $9.76.

Institutional Trading of SecureWorks

Large investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC purchased a new position in shares of SecureWorks in the second quarter worth about $121,000. Jaffetilchin Investment Partners LLC acquired a new stake in SecureWorks during the 2nd quarter valued at approximately $127,000. FMR LLC boosted its holdings in shares of SecureWorks by 22.3% in the 3rd quarter. FMR LLC now owns 21,734 shares of the technology company’s stock valued at $192,000 after acquiring an additional 3,964 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of SecureWorks by 107.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 38,180 shares of the technology company’s stock worth $267,000 after acquiring an additional 19,735 shares during the period. Finally, Marshall Wace LLP raised its holdings in shares of SecureWorks by 11.6% during the second quarter. Marshall Wace LLP now owns 49,997 shares of the technology company’s stock worth $350,000 after purchasing an additional 5,205 shares during the last quarter. Hedge funds and other institutional investors own 14.38% of the company’s stock.

SecureWorks Company 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.