SecureWorks (NASDAQ:SCWX) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of SecureWorks (NASDAQ:SCWX) in a research note issued to investors on Wednesday. The firm issued a hold rating on the technology company’s stock.

SecureWorks Stock Performance

Shares of NASDAQ SCWX remained flat at $8.51 during midday trading on Wednesday. SecureWorks has a 1-year low of $5.61 and a 1-year high of $9.76. The stock has a fifty day moving average price of $8.51 and a 200 day moving average price of $8.40. The company has a market cap of $755.94 million, a P/E ratio of -8.60 and a beta of 0.94.

Institutional Trading of SecureWorks

Several large investors have recently added to or reduced their stakes in SCWX. Gardner Lewis Asset Management L P acquired a new stake in shares of SecureWorks during the fourth quarter worth about $10,795,000. FIL Ltd purchased a new stake in shares of SecureWorks in the 4th quarter valued at $6,392,000. Alpine Associates Management Inc. acquired a new stake in shares of SecureWorks in the fourth quarter worth $5,273,000. Alberta Investment Management Corp purchased a new position in shares of SecureWorks during the fourth quarter worth $5,076,000. Finally, Nexpoint Asset Management L.P. acquired a new position in SecureWorks during the fourth quarter valued at $4,395,000. Hedge funds and other institutional investors own 14.38% of the company’s stock.

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.