600,000 Shares in SecureWorks Corp. (NASDAQ:SCWX) Bought by Alberta Investment Management Corp

Alberta Investment Management Corp purchased a new stake in shares of SecureWorks Corp. (NASDAQ:SCWX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 600,000 shares of the technology company’s stock, valued at approximately $5,076,000.

A number of other large investors have also added to or reduced their stakes in the company. Royce & Associates LP raised its position in SecureWorks by 2.5% during the third quarter. Royce & Associates LP now owns 1,324,543 shares of the technology company’s stock valued at $11,722,000 after purchasing an additional 32,929 shares in the last quarter. Scalar Gauge Management LLC raised its position in SecureWorks by 16.4% during the third quarter. Scalar Gauge Management LLC now owns 368,006 shares of the technology company’s stock valued at $3,257,000 after purchasing an additional 51,869 shares in the last quarter. Kovack Advisors Inc. raised its position in SecureWorks by 12.7% during the third quarter. Kovack Advisors Inc. now owns 327,516 shares of the technology company’s stock valued at $2,899,000 after purchasing an additional 36,816 shares in the last quarter. Brooktree Capital Management raised its position in SecureWorks by 9.9% during the third quarter. Brooktree Capital Management now owns 174,191 shares of the technology company’s stock valued at $1,542,000 after purchasing an additional 15,680 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in SecureWorks by 14.1% during the third quarter. Geode Capital Management LLC now owns 160,430 shares of the technology company’s stock valued at $1,420,000 after purchasing an additional 19,766 shares in the last quarter. Hedge funds and other institutional investors own 14.38% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on SecureWorks in a research report on Thursday. They set a “hold” rating on the stock.

SecureWorks Stock Performance

Shares of NASDAQ:SCWX opened at $8.51 on Thursday. The stock’s 50-day moving average price is $8.47 and its 200-day moving average price is $8.18. SecureWorks Corp. has a 12-month low of $5.61 and a 12-month high of $9.76. The stock has a market capitalization of $755.94 million, a P/E ratio of -8.60 and a beta of 0.94.

SecureWorks (NASDAQ:SCWX) last announced its quarterly earnings data on Wednesday, December 4th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). SecureWorks had a negative net margin of 25.49% and a negative return on equity of 5.71%. As a group, research analysts predict that SecureWorks Corp. will post -0.29 EPS for the current year.

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.