Federated Hermes Inc. Cuts Position in SecureWorks Corp. (NASDAQ:SCWX)

Federated Hermes Inc. decreased its holdings in SecureWorks Corp. (NASDAQ:SCWX) by 10.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,241 shares of the technology company’s stock after selling 4,293 shares during the quarter. Federated Hermes Inc.’s holdings in SecureWorks were worth $260,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Citigroup Inc. increased its position in shares of SecureWorks by 95.3% in the third quarter. Citigroup Inc. now owns 9,700 shares of the technology company’s stock valued at $60,000 after buying an additional 4,734 shares in the last quarter. Y.D. More Investments Ltd increased its position in shares of SecureWorks by 38.2% in the third quarter. Y.D. More Investments Ltd now owns 18,829 shares of the technology company’s stock valued at $113,000 after buying an additional 5,207 shares in the last quarter. Quadrature Capital Ltd increased its position in shares of SecureWorks by 56.6% in the third quarter. Quadrature Capital Ltd now owns 25,377 shares of the technology company’s stock valued at $158,000 after buying an additional 9,175 shares in the last quarter. Brooktree Capital Management increased its position in shares of SecureWorks by 4.8% in the third quarter. Brooktree Capital Management now owns 170,420 shares of the technology company’s stock valued at $1,058,000 after buying an additional 7,861 shares in the last quarter. Finally, Horrell Capital Management Inc. increased its position in shares of SecureWorks by 44.6% in the third quarter. Horrell Capital Management Inc. now owns 615,554 shares of the technology company’s stock valued at $3,823,000 after buying an additional 190,000 shares in the last quarter. Hedge funds and other institutional investors own 14.38% of the company’s stock.

SecureWorks Stock Down 0.3 %

Shares of SCWX stock opened at $5.88 on Monday. The stock has a market cap of $519.15 million, a P/E ratio of -5.82 and a beta of 0.99. The business has a fifty day simple moving average of $6.21 and a 200-day simple moving average of $6.38. SecureWorks Corp. has a fifty-two week low of $5.40 and a fifty-two week high of $9.24.

SecureWorks (NASDAQ:SCWX) last posted its quarterly earnings data on Thursday, March 14th. The technology company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.13. The firm had revenue of $89.15 million during the quarter, compared to analysts’ expectations of $87.24 million. SecureWorks had a negative return on equity of 9.56% and a negative net margin of 23.52%. On average, sell-side analysts anticipate that SecureWorks Corp. will post -0.25 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Neil Gagnon acquired 13,798 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was purchased at an average price of $5.99 per share, for a total transaction of $82,650.02. Following the transaction, the insider now owns 610,947 shares in the company, valued at approximately $3,659,572.53. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 83.10% of the stock is currently owned by company insiders.

About SecureWorks

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.