10,000 Shares in SecureWorks Corp. (NASDAQ:SCWX) Purchased by Retirement Solution LLC

Retirement Solution LLC acquired a new stake in SecureWorks Corp. (NASDAQ:SCWX) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 10,000 shares of the technology company’s stock, valued at approximately $85,000.

A number of other hedge funds have also bought and sold shares of SCWX. Alpine Associates Management Inc. bought a new position in SecureWorks in the 4th quarter valued at $5,273,000. Wolverine Asset Management LLC bought a new position in shares of SecureWorks during the 4th quarter valued at $680,000. Alberta Investment Management Corp bought a new stake in shares of SecureWorks in the 4th quarter valued at about $5,076,000. ABC Arbitrage SA purchased a new position in shares of SecureWorks in the fourth quarter worth $535,000. Finally, Empowered Funds LLC purchased a new position in SecureWorks during the 4th quarter valued at about $317,000. 14.38% of the stock is currently owned by hedge funds and other institutional investors.

SecureWorks Price Performance

Shares of NASDAQ SCWX opened at $8.51 on Friday. SecureWorks Corp. has a twelve month low of $5.61 and a twelve month high of $9.76. The firm has a market cap of $755.94 million, a P/E ratio of -8.60 and a beta of 0.94. The company has a 50 day moving average of $8.48 and a 200 day moving average of $8.29.

SecureWorks (NASDAQ:SCWX) last issued its earnings results on Wednesday, December 4th. The technology company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.03). SecureWorks had a negative return on equity of 5.71% and a negative net margin of 25.49%. As a group, equities analysts expect that SecureWorks Corp. will post -0.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on SecureWorks in a research report on Saturday. They set 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.