Gabelli Funds LLC Buys New Stake in SecureWorks Corp. (NASDAQ:SCWX)

Gabelli Funds LLC purchased a new position in SecureWorks Corp. (NASDAQ:SCWX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 303,856 shares of the technology company’s stock, valued at approximately $2,571,000. Gabelli Funds LLC owned about 0.34% of SecureWorks at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in SCWX. Geode Capital Management LLC raised its stake in shares of SecureWorks by 14.1% in the third quarter. Geode Capital Management LLC now owns 160,430 shares of the technology company’s stock worth $1,420,000 after purchasing an additional 19,766 shares during the last quarter. State Street Corp raised its position in SecureWorks by 5.5% during the 3rd quarter. State Street Corp now owns 44,227 shares of the technology company’s stock worth $391,000 after buying an additional 2,300 shares during the last quarter. Empowered Funds LLC acquired a new stake in SecureWorks during the 4th quarter valued at approximately $317,000. FMR LLC lifted its stake in SecureWorks by 22.3% during the 3rd quarter. FMR LLC now owns 21,734 shares of the technology company’s stock valued at $192,000 after acquiring an additional 3,964 shares during the period. Finally, Gardner Lewis Asset Management L P acquired a new stake in shares of SecureWorks in the fourth quarter worth $10,795,000. 14.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of SecureWorks in a report on Thursday. They issued a “hold” rating on the stock.

SecureWorks Stock Performance

Shares of NASDAQ:SCWX opened at $8.51 on Friday. SecureWorks Corp. has a 12-month low of $5.61 and a 12-month high of $9.76. The business has a 50 day moving average of $8.51 and a two-hundred day moving average of $8.43. The company has a market capitalization of $755.94 million, a PE ratio of -8.60 and a beta of 0.94.

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.