Atom Investors LP Purchases 10,823 Shares of SecureWorks Corp. (NASDAQ:SCWX)

Atom Investors LP lifted its holdings in SecureWorks Corp. (NASDAQ:SCWX) by 14.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 85,186 shares of the technology company’s stock after purchasing an additional 10,823 shares during the quarter. Atom Investors LP’s holdings in SecureWorks were worth $754,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Royce & Associates LP increased its holdings in shares of SecureWorks by 2.5% in the 3rd quarter. Royce & Associates LP now owns 1,324,543 shares of the technology company’s stock worth $11,722,000 after buying an additional 32,929 shares during the last quarter. Scalar Gauge Management LLC increased its stake in SecureWorks by 16.4% during the third quarter. Scalar Gauge Management LLC now owns 368,006 shares of the technology company’s stock worth $3,257,000 after acquiring an additional 51,869 shares during the last quarter. Dimensional Fund Advisors LP raised its position in SecureWorks by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 351,763 shares of the technology company’s stock valued at $2,462,000 after purchasing an additional 16,327 shares during the period. Kovack Advisors Inc. lifted its stake in shares of SecureWorks by 12.7% in the 3rd 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 during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of SecureWorks by 22.3% in the 2nd quarter. Renaissance Technologies LLC now owns 181,540 shares of the technology company’s stock worth $1,271,000 after purchasing an additional 33,100 shares during the period. Hedge funds and other institutional investors own 14.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SCWX shares. StockNews.com started coverage on SecureWorks in a report on Monday. They set a “hold” rating on the stock. Needham & Company LLC reissued a “hold” rating on shares of SecureWorks in a research note on Tuesday, October 22nd. Finally, Barclays lifted their price target 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 Performance

Shares of SCWX stock opened at $8.46 on Wednesday. The stock has a 50 day moving average price of $8.26 and a 200 day moving average price of $7.51. SecureWorks Corp. has a 52-week low of $5.61 and a 52-week high of $9.76. The firm has a market capitalization of $751.50 million, a P/E ratio of -9.95 and a beta of 1.00.

SecureWorks (NASDAQ:SCWX) last released its earnings results on Thursday, September 5th. The technology company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.05). The business had revenue of $82.18 million for the quarter, compared to the consensus estimate of $80.98 million. SecureWorks had a negative return on equity of 4.94% and a negative net margin of 21.23%. As a group, sell-side analysts forecast that SecureWorks Corp. will post -0.29 EPS for the current year.

About SecureWorks

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.