Cubist Systematic Strategies LLC acquired a new stake in shares of SecureWorks Corp. (NASDAQ:SCWX – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 28,242 shares of the technology company’s stock, valued at approximately $239,000.
A number of other institutional investors and hedge funds also recently modified their holdings of SCWX. Y.D. More Investments Ltd lifted its position in shares of SecureWorks by 7.9% during the 4th quarter. Y.D. More Investments Ltd now owns 20,465 shares of the technology company’s stock valued at $173,000 after acquiring an additional 1,501 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of SecureWorks during the 4th quarter valued at $317,000. ABC Arbitrage SA acquired a new stake in shares of SecureWorks during the 4th quarter valued at $535,000. Alberta Investment Management Corp acquired a new stake in shares of SecureWorks during the 4th quarter valued at $5,076,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of SecureWorks during the 4th quarter valued at $680,000. Institutional investors and hedge funds own 14.38% of the company’s stock.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on SecureWorks in a report on Sunday, May 11th. They issued a “hold” rating for the company.
SecureWorks Price Performance
SCWX opened at $8.51 on Friday. The stock has a fifty day moving average of $8.51 and a 200-day moving average of $8.47. The firm has a market capitalization of $755.94 million, a P/E ratio of -8.60 and a beta of 0.94. SecureWorks Corp. has a 12-month low of $5.65 and a 12-month high of $9.76.
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.
See Also
- Five stocks we like better than SecureWorks
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Top 4 ETFs for China Exposure After Tariff Relief
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- Build a Complete Bond Portfolio With These 4 ETFs
- Most Volatile Stocks, What Investors Need to Know
- MarketBeat Week in Review – 05/12 – 05/16
Receive News & Ratings for SecureWorks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SecureWorks and related companies with MarketBeat.com's FREE daily email newsletter.
