SecureWorks (NASDAQ:SCWX) Research Coverage Started at StockNews.com

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

SCWX has been the topic of a number of other research reports. Barclays increased their price target on shares of SecureWorks from $6.00 to $7.00 and gave the company an “underweight” rating in a report on Friday, September 6th. Needham & Company LLC reiterated a “hold” rating on shares of SecureWorks in a research note on Tuesday, October 22nd.

SecureWorks Trading Up 0.5 %

Shares of NASDAQ:SCWX opened at $8.49 on Tuesday. The stock has a fifty day simple moving average of $8.33 and a two-hundred day simple moving average of $7.60. SecureWorks has a 12-month low of $5.61 and a 12-month high of $9.76. The stock has a market capitalization of $754.15 million, a price-to-earnings ratio of -8.58 and a beta of 1.00.

Institutional Trading of SecureWorks

A number of large investors have recently made changes to their positions in SCWX. Squarepoint Ops LLC bought a new stake in SecureWorks in the 2nd quarter worth approximately $121,000. Jaffetilchin Investment Partners LLC purchased a new stake in shares of SecureWorks in the 2nd quarter worth $127,000. FMR LLC raised its stake 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 period. Oppenheimer Asset Management Inc. lifted its stake in shares of SecureWorks by 107.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 38,180 shares of the technology company’s stock valued at $267,000 after buying an additional 19,735 shares in the last quarter. Finally, Marshall Wace LLP grew its position 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 in the last quarter. 14.38% of the stock is currently owned by institutional investors.

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.