SecureWorks Corp. (NASDAQ:SCWX) Shares Sold by Scalar Gauge Management LLC

Scalar Gauge Management LLC lessened its position in shares of SecureWorks Corp. (NASDAQ:SCWX) by 39.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 222,338 shares of the technology company’s stock after selling 145,668 shares during the quarter. SecureWorks makes up 0.9% of Scalar Gauge Management LLC’s holdings, making the stock its 24th biggest position. Scalar Gauge Management LLC’s holdings in SecureWorks were worth $1,881,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Retirement Solution LLC acquired a new stake in shares of SecureWorks during the 4th quarter valued at about $85,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in SecureWorks during the fourth quarter worth approximately $169,000. Y.D. More Investments Ltd grew its holdings in SecureWorks by 7.9% in the fourth 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 during the period. FMR LLC increased its position in shares of SecureWorks by 22.3% in the third quarter. FMR LLC now owns 21,734 shares of the technology company’s stock valued at $192,000 after buying an additional 3,964 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of SecureWorks during the 4th quarter worth approximately $302,000. Hedge funds and other institutional investors own 14.38% of the company’s stock.

SecureWorks Stock Performance

Shares of SecureWorks stock opened at $8.51 on Monday. SecureWorks Corp. has a twelve month low of $5.61 and a twelve month high of $9.76. The firm has a market capitalization of $755.94 million, a PE 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 $8.37.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of SecureWorks in a research note on Monday, March 24th. They issued a “hold” rating on the stock.

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.