Equities research analysts at StockNews.com began coverage on shares of SecureWorks (NASDAQ:SCWX – Get Free Report) in a note issued to investors on Monday. The firm set a “hold” rating on the technology company’s stock.
SecureWorks Price Performance
Shares of SecureWorks stock opened at $8.51 on Monday. The company has a market cap of $755.94 million, a P/E ratio of -8.60 and a beta of 0.94. The firm’s 50 day moving average price is $8.50 and its 200-day moving average price is $8.35. SecureWorks has a 52-week low of $5.61 and a 52-week high of $9.76.
Institutional Trading of SecureWorks
Institutional investors have recently made changes to their positions in the business. Retirement Solution LLC purchased a new stake in SecureWorks in the fourth quarter valued at about $85,000. Balyasny Asset Management L.P. acquired a new stake in SecureWorks in the 4th quarter worth approximately $103,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in SecureWorks during the 4th quarter worth approximately $169,000. Y.D. More Investments Ltd increased its stake in SecureWorks by 7.9% during the 4th quarter. Y.D. More Investments Ltd now owns 20,465 shares of the technology company’s stock valued at $173,000 after purchasing an additional 1,501 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of SecureWorks by 22.3% in the third quarter. FMR LLC now owns 21,734 shares of the technology company’s stock worth $192,000 after buying an additional 3,964 shares during the last quarter. Institutional investors and hedge funds 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.
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