StockNews.com Begins Coverage on SecureWorks (NASDAQ:SCWX)

Equities research analysts at StockNews.com started coverage on shares of SecureWorks (NASDAQ:SCWX) in a research report issued on Sunday. The firm set a “hold” rating on the technology company’s stock.

Separately, Needham & Company LLC restated a “hold” rating on shares of SecureWorks in a report on Tuesday, October 22nd.

SecureWorks Stock Up 0.1 %

Shares of SecureWorks stock opened at $8.45 on Friday. The business’s fifty day moving average is $8.43 and its two-hundred day moving average is $8.02. SecureWorks has a fifty-two week low of $5.61 and a fifty-two week high of $9.76. The firm has a market cap of $750.61 million, a PE ratio of -8.54 and a beta of 0.94.

Institutional Trading of SecureWorks

A number of hedge funds and other institutional investors have recently made changes to their positions in SCWX. Royce & Associates LP lifted its stake 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 during the last quarter. Scalar Gauge Management LLC boosted its stake in shares of SecureWorks by 16.4% during the 3rd 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 in the last quarter. Dimensional Fund Advisors LP grew its holdings 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 last quarter. Kovack Advisors Inc. raised its holdings in SecureWorks by 12.7% in the 3rd quarter. Kovack Advisors Inc. now owns 327,516 shares of the technology company’s stock worth $2,899,000 after acquiring an additional 36,816 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of SecureWorks by 22.3% in the second quarter. Renaissance Technologies LLC now owns 181,540 shares of the technology company’s stock worth $1,271,000 after acquiring an additional 33,100 shares during 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.