SecureWorks (NASDAQ:SCWX) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of SecureWorks (NASDAQ:SCWX) in a research report released on Thursday morning. The brokerage issued a hold rating on the technology company’s stock.

SecureWorks Stock Performance

Shares of SCWX stock opened at $8.51 on Thursday. SecureWorks has a 52 week low of $5.61 and a 52 week high of $9.76. The company has a market capitalization of $755.94 million, a price-to-earnings ratio of -8.60 and a beta of 0.94. The company has a 50-day simple moving average of $8.51 and a 200 day simple moving average of $8.43.

Institutional Trading of SecureWorks

Several institutional investors have recently added to or reduced their stakes in SCWX. Polar Asset Management Partners Inc. acquired a new stake in shares of SecureWorks during the fourth quarter worth $1,269,000. Squarepoint Ops LLC boosted its holdings in SecureWorks by 1,133.1% in the 4th quarter. Squarepoint Ops LLC now owns 235,998 shares of the technology company’s stock valued at $1,997,000 after purchasing an additional 216,860 shares during the period. Two Sigma Investments LP acquired a new position in shares of SecureWorks during the 4th quarter worth approximately $476,000. Cubist Systematic Strategies LLC bought a new position in shares of SecureWorks during the fourth quarter worth approximately $239,000. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of SecureWorks in the fourth quarter valued at approximately $103,000. 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.